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Old 25-10-2011, 15:22   #1
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Insuring Boat When on the Hard

Just a general question about what people do or think regarding insuring ones boat when it is being stored on the hard for winter.

I guess the chances of damage are remote, nothwithstanding lifting and putting it on ther hard.

Maybe the marina would be liable for damage during that process?

If so then maybe not worth carrying full marine insurance until you put it back in the water again and get sailing?

Any thoughts, advice?
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Old 25-10-2011, 15:30   #2
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Re: Insuring boat when on the hard

My boats are on the hard 6 months out of every 12. There is no break on the insurance. The policy is for 12 months and you have to pay the full amount.
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Old 25-10-2011, 16:37   #3
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Re: Insuring boat when on the hard

Is is worth the chance you take? Insurance underwriters write annual policies. You can cancel it at the beginning of winter and game the system but why take the chance? The next step in a logical progression here would be to cancel during the week and only have insurance on Saturday when you take the boat out. Silly but that's what you'd be asking your insurance company to allow.
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Old 25-10-2011, 18:00   #4
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Re: Insuring Boat When on the Hard

Theoretically, your insurance will take into account your seasonal lay up period--boats that are only used 6 months will cost less to insure. There is insurance for boats that are in lay up longer term that you can get also. In other words, if you plan on leaving your boat out for a year or two you should look into getting the lay-up-only insurance.
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Old 25-10-2011, 18:55   #5
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My marina requires insurance when in storage

Your boat could fall over - or be damaged due to bad weather (lightning strike??)

I know some marina have contracts saying you are responsible for insurance and they are not liable for any damage caused.

Just because you are on their property doesn't mean they are responsible for anything other than gross negligence (ie if they drive a forklift into the side of your boat). There are plenty of things that could go wrong.

Now if it's a low cost boat and you only have the insurance to cover you in case you do damage or injury to someone else or their property - that might be different issue.
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Old 26-10-2011, 10:25   #6
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Re: Insuring Boat When on the Hard

As with Vasco, my policy is for 12 months, and REQUIRES a 6 month lay up period. Besides, my club also requires insurance full time for liability just in case some darling juvie climbs on board over the winter and falls off, breaking various bones. Personally I figure if he climbs up where he obviously has no right to be its his problem but the lawyers all seem to disagree in our "its not my fault" society.
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Old 26-10-2011, 13:22   #7
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Re: Insuring Boat When on the Hard

When you buy a real marine policy (as opposed to auto insurance companies that also insure boats) the insurance company will ask what layup period you want and they will usually quote a lower price if there is a significant layup period, say 4 to 6 months out of the year.

This doesn't mean that you don't have insurance during this period. You do and it will satisfy your marina. But the risks of hull or liability loss are much less during the layup period and so they will give you a lower price.

This is SOP in the northeast.

David
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Old 26-10-2011, 13:26   #8
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Re: Insuring Boat When on the Hard

"Maybe the marina would be liable for damage during that process? "
Check your storage contract, the odds are that maybe the marina says "Not our problem".
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