DOES YOUR INSURANCE HAVE YOU COVERED?
WE DECIPHER THE FINE PRINT.
BY CHARLES PLUEDDEMANH
ere’s an amazing statistic from BoatU.S., the nation’s largest organization of
recreational boaters: About half of the 12 million registered boats in the United
States are not covered by insurance. Because you are a Boating reader, we know
you are smarter than average and have purchased an insurance policy on your
boat. But are you well-covered or just sorta covered? With the input of insurance
experts at BoatU.S. (which has been owned by insurance giant Geico since 2015), we’ve identifi ed
six key policy features often overlooked by boat owners — details that could mean the diff erence
between paying signifi cant costs out of pocket or coming out of a claim in good fi nancial
shape. Study the fi ne print on the declarations page of your boat policy or consult a marine-
insurance agent to make sure a catastrophe doesn’t leave you high, dry and maybe broke.PAY N O W,
PAID LATER?
BOATINGMAG.COM | FEBRUARY 2018| 85