When you've invested time and money in a fishing boat, sailboat, pontoon boat, or another type of watercraft, it makes good financial sense to protect your investment with comprehensive boat insurance coverage. To help you do that, Brent Layton, an experienced agent with Farmers Insurance Group® in Tremonton, UT, discusses the best time to buy boat insurance below.

When Is the Best Time to Buy Boat Insurance Coverage?

If you plan to use the boat anytime in the near future, you want it protected as soon as possible. Boat insurance covers you against damage that occurs on the water, whether to your craft or another's boat. It also protects you against liability if someone else suffers property damage or injury. Comprehensive coverage even protects against vandalism, fire, and other non-collision damages. Because of this, you should insure it immediately if you plan to use the boat this season. However, you can save money by suspending a portion of your coverage during winter months. 

When Do Other Policies Come into Play?

When your boat is out of the water, it is usually covered by your other policies. For example, when it's attached to your car, your auto policy typically takes precedence, and while it's parked in your yard or driveway, it's usually protected by your homeowner’s policy. However, these plans may not fully protect your investment. For the best and most comprehensive watercraft protection, it may make sense to maintain some portions of your boat insurance coverage, even when your watercraft is not being actively used.

If you'd like to know more about purchasing boat insurance coverage, contact Brent Layton with Farmers Insurance Group in Tremonton, UT. He has spent more than 25 years in the industry, so he has the experience and expertise to help you design a policy for your watercraft. He and his team also specialize in auto, home, and life insurance, as well. Visit the agency website to request a quote, or call (435) 257-3829 to discuss your options with a friendly, helpful insurance expert.