Insurance question

[Legend]

I was reading my insurance policy that came in the mail yesterday and I noticed a clause that said the boat needs to be out of the water and decommissioned between November 1 and May 1. Anyone know if this is a standard line in northern boat policies. I assume it would never be in policy in Florida. I guess I was uninsured during the last week of April after I launched. I will check with my agent next week but was curious how common this is. It is a Travelers Policy.

 

[ElyseM]

can't remember but i think i'm 4 months layup.

 

[Meanwhile]

I also have a layup period, but it was not imposed unilaterally.

 

[grady33]

My required layup is Nov 1 through April

 

[SkunkBoat]

Gieco-Boat/US in NJ. There is no defined Layup period and there was no choice to add one to reduce the premium. However, Ice damage coverage would require an additional charge

 

[Hookup1]

I switched insurance companies s this year over the layup period. I go South each winter and was paying an additional trip charge. As SkunkBoat said Gieco/BoatUS only cares where the boat is home ported and assumes a layup but doesn't enforce it. State Farm does the same. I dropped Smith Merrit/Chub and switched.

 

[seasick]

I looked at my Progressive documents and can't find any mention of layup period. It could be there buried in the mumbo-jumbo language. I will have to ask.

 

[SkunkBoat]

I looked at my Progressive documents and can't find any mention of layup period. It could be there buried in the mumbo-jumbo language. I will have to ask.

I had them for awhile and they did not have a defined layup

 

[Fishtales]

Standard language for most policies. It is a bogy that can be adjusted if you want a longer period in the water.

 

[Blaugrana]

Agree with Skunkboat, Geico does not have one. Specifically asked them last year when I read a similar thread on here about their Marina kicking everyone out at a certain point in year...

 

[Father's Day]

I also have Geico in NJ and just in case you guys don't know, Boat US is owned by them and is included in you policy, or should be

 

[steveditt]

I have Travelers I read the policy I didn't see that >

 

[Pat Hurley]

I was reading my insurance policy that came in the mail yesterday and I noticed a clause that said the boat needs to be out of the water and decommissioned between November 1 and May 1. Anyone know if this is a standard line in northern boat policies. I assume it would never be in policy in Florida. I guess I was uninsured during the last week of April after I launched. I will check with my agent next week but was curious how common this is. It is a Travelers Policy.

We write for Travelers, Progressive and Nationwide. And yes many companies have a specified lay up period and a specified geographical area. If you want to venture beyond those set parameters you should read your policy and notify your agent or carrier of such so an addendum could be purchased/added. FYI Nationwide policy is good for anywhere in US or Canadian waters out to 75 nautical miles from the dirt 12 months out of the year and the lay up period with Nationwide is only an assumption that is already calculated into the premium.

 

[Sailfish]

As mentioned, you can buy a rider to extend the season. YOur policy may also prohibit your boat being south of NC/SC/GA after June 1 due to hurricane risk. Again, you can purchase a rider to get coverage.