While out with friend’s last week, they mentioned were buying a boat. I congratulated them and asked if they were purchasing a new or used one.
They said it was used but looked like new. They figured it would be a fun investment for them. When I asked if they had got a price on boat insurance, it got silent.
They thought it would be covered by their home owners policy since they will leave it in their yard when they aren’t using it.
Unfortunately, because of the size and horsepower, I explained that they would need to get a watercraft policy. I also suggested they make sure to add the boat policy to their umbrella policy.
Well, they now have coverage, so “Ahoy!” – I’m going boating this weekend!