If I Change Where My Boat is Docked, Do I Have to Tell the Insurance Company?

If you own a boat, you likely have boat insurance on the watercraft. Insurance helps to protect your boat both while it is being used in the water, being transported to the water, and being stored. One of the questions that we at Familia Insurance Agency, serving the greater Orlando, FL area, are asked is whether you need to let the insurance company know if you change where the boat is being docked. Read on to get the answer to this question.

The location where your boat is being stored can affect the price of your boat insurance. When you buy a policy, you are asked where your car is stored. This is because some neighborhoods have higher theft or vandalism rates. The same is true for boats. Some communities have higher boat vandalism or damage claims. As such, you do need to let your insurance company know when you change the location where your boat is docked or stored.

In most cases, you have about 5 to 7 days to contact your insurance company and let them know that you have made this change. You will then be asked to provide them with the new location where the boat is being stored. Your insurance rate can go up or down, based on the location of the vessel, even if you are in the middle of a policy. Be aware of this, so you are not caught off guard.

If you are looking for a new boat insurance policy in the greater Orlando, FL area, let Familia Insurance Agency assist you. Call us today to schedule an appointment to sit down and discuss your boat insurance needs.