Blog February 2017

10 THINGS TO KNOW ABOUT BOAT INSURANCE

Posted On: February 28, 2017

10 Important Things To Know About Boat Insurance

Interesting article from my friend John at MoBox, what do you think?

You just bought a really sweet boat. A fine piece of watercraft that will allow you to zip about on a body of water with the wind in your hair and the water on your face. You can’t wait to get out there and start using it. To glide over the water on waterskis. To sip a cold beverage while being gently rocked by the waves. To embarrass your kids by wearing a Speedo that’s two sizes two small. To take guests out for pleasure cruises on moonlit evenings.

 But before you can get down to business, there’s one crucial piece of information you need to consider: boat insurance.

Before you unleash the full power of your watercraft, you need to give some time and thought to how you will insure your boat. Yes, I know, this isn’t a particularly exciting subject, but it’s an important one.

Thankfully, we’re here to help. Let us answer some of the crucial questions you have about protecting your precious boat.

In this post, we’re going to answer 9 crucial questions about boat insurance. The answers will allow you to make an informed decision regarding how you insure your boat.

Let’s get started.


QUESTION #1: What Is Boat Insurance?

Let’s construct a hypothetical situation. You’re out on the lake, enjoying a gloriously beautiful day, just happy to be alive and a boat owner. You’ve applied all the necessary sunscreen / tanning oil to your body and are soaking in the rays.

Unfortunately, your day of happiness is abruptly ruined when you strike a boulder that was hidden just under the surface of the water. Your beautiful, gorgeous, well-maintained boat suddenly has a giant gash in the side, hurting both the boat and your heart.

 This is where boat insurance comes onto the scene. If you have boat insurance, you can be confident that your vessel will be repaired to it’s former state of glory and the costs will be covered by the insurance company.

If you don’t have insurance? Let’s just say you’re up a creek without a paddle. Actually, you’re in a sinking boat because there’s a giant hole in it, but you get the point.

Boat insurance protects you in the event of damage to or even the loss of your boat. See! Boat insurance really can be a fun topic. Well, not fun, per se. But more fun than having to pay thousands of dollars to fix your boat.


QUESTION #2: How Exactly Does Boat Insurance Work?

Sometimes, boat insurance can be bundled with your car insurance and your home insurance, sparing you the hassle of trying to find a separate insurer for your boat. Just like any other kind of insurance, when you purchase insurance you have to make decisions about:

- How much deductible you’ll have
- The type of coverage you want
- The amount of coverage you want

So far, so good.

When you go to insurance companies, they will consider the following factors:

- Age of boat 
- Length
- Value
- Speed/horsepower
- Condition (Are US Coast Guard standards are met?)
- Is it a houseboat used as primary residence? (This would be awesome, by the way).
- Type of boat? (Inboard, outboard, utility, cruiser, bass boat, saltwater fishing boat, performance boat)
- How many owners?
- Where will it operate? (ocean, lakes, bays rivers, Great Lakes)

Depending on the answers to these questions, the cost of your policy will be higher or lower. So, for example, if you own a high speed houseboat that doesn’t meet US Coast Guard Standards and is worth $50,000, you’ll probably be shelling out quite a lot of cash to insure your boat.


QUESTION #3: How Does Home Insurance Differ From Boat Insurance?

Believe it or not, some home insurance policies will actually cover your boat if it’s small, but if it’s worth more than $10,000, you’ll probably need to purchase a separate policy.

A boat policy also includes liability coverage if someone is injured aboard your boat. For example, if your friend has had a few too many drinks and is salsa dancing while you’re traveling at 50 mph and accidentally trips and breaks his leg, you’re covered. Do you really have friends who would do that? You may want to reconsider some of your life choices.

 A boat policy also will allow you to suspend coverage when you’re not using your boat. For example, if you don’t plan on doing much boating during the winter, you can put a hold on your coverage.


QUESTION #4: What Is Covered In Your Boat Insurance Policy?

Here are the items traditionally covered in boat policies:

- Collision damage. This includes repair and replacement of boat, but maybe not clean-up wreckage. Just don’t totally sink your boat and this won’t be an issue. If you’re legitimately concerned about this perhaps you shouldn’t be driving a boat in the first place.


- Property damage liability. If you accidentally crash into someone else’s boat or destroy someone’s dock, you’re covered.


- Engine damage. You’ll want to double check on this one because some policies will have machinery damage exclusions.


- Bodily injury liability. If you accidentally hurt someone while operating your boat, you’ll be covered. If this point makes you happy, you may want to be psychiatrically evaluated.


- Weather damage. Some policies will cover weather-related damage to your boat, although you’ll certainly want to check on this one.


- Comprehensive. Coverage can provide payments for medical payments, fishing equipment, oil spills, personal property, roadside assistance, uninsured or underinsured incidents. 

 

QUESTION #5: Is Your Boat Covered When It’s Out Of Water?

 Why must you ask all these questions? Just kidding. We like helping. If your boat is on a trailer being pulled by your car, it’s covered by your auto policy, although the limits of your policy apply, so familiarize yourself with those.

Your homeowners policy may provide limited coverage if your boat is damaged while on your property, but it might not cover vandalism or if your boat is stolen.


QUESTION #6: Does Your Boat Insurance Policy Cover You Everywhere?

Most policies for smaller boats have a “navigational warranty”, which determines where you boat insurance policy is in effect. For example, your policy may cover you for the inland waters of the US and Canada or the coastal waters of the two countries.

Policies for larger boats typically have different areas covered, like the territories between Eastport, Maine to Cape Hatteras, North Carolina.

There are some places that could be excluded for security reasons, like if you’ll be sailing in an area inhabited by Somali Pirates. Listen, if you’re in an area like that, you’ve got bigger problems than your insurance policy. Like what type of assault weapon you should choose.

 

QUESTION #7: Are You Required To Have Boat Insurance?

Some states may require you to have liability coverage. Some marinas may require you to have insurance to dock your boat. Finally, the lender may require you to have insurance before giving you a loan.

But seriously, why would you not have boat insurance? Unless you’re an independently wealthy billionaire who is able to purchase boats without a second thought, you probably should have some form of insurance.


QUESTION #8: What’s The Difference Between Agreed Value and Market Value Policies?

It works like this. The moment you purchase your boat, it starts depreciating in value. Isn’t that a wonderful thing?

An agreed value policy covers the value of the boat when the policy is written. A market value policy covers the actual market value of the boat when any damage occurs. Agreed value policies usually cost more upfront but you don’t need to worry about depreciation.

No matter what policy you start with, your insurer will probably eventually insist you switch to a market value policy, which will save you money anyways.


QUESTION #9: What Does Boat Insurance Typically Cost?

As you would expect, the cost of your policy will depend on a large number of variables, including:

- The state where you reside
- The type of boat
- The age of boat
- The size of the motor
- How you use the boat
- Where you use the boat
- And a variety of other factors

 

QUESTION #10: How Can You Save Money On Your Policy?

First, buy a policy that is very specific to your boat. Don’t purchase a policy that offers coverage you don’t need. To put it bluntly (because we know you can handle it), that’s stupid.

Second, ask your underwriter if they offer any discounts for safety features. For example, a wireless auto tether that kills the engine if you or one of your passengers falls overboard. If they do offer safety discounts, consider investing in those safety measures. Also, consider doing the safety dance, just for fun.

 Third, see if there are any discounts available for taking safety classes. You may be able to reduce your premium simply by attending one of these classes.

Fourth, take advantage of any times when you won’t be using your boat to suspend your coverage. Don’t pay for those months your boat is sitting idle (see above note re: stupid).

Finally, you may be able to get a discount if you’re boating in fresh water rather than salt water.

 

Conclusion

Boat insurance is like a prostate exam: you hope you never need it but it’s pretty important. So while it’s certainly not fun to research which policy you should use, you can make the process as painless as possible by knowing what you need, how you’ll be using your boat, and ways you can cut the costs.

Now then, happy sailing!

This article originally appeared on moboxmarine.com blog "10 important things about boat insurance" and is used with permission". 

 

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FIVE MINUTE UPGRADES

Posted On: February 23, 2017

Got some spare time this off-season? Here’s what you can do to fill that gap and help yourself later.

The winter season is showing its teeth right about now — but that’s no reason to let your boat collect dust. On the contrary, now is the perfect time to tackle some of those small projects that can be hammered out quickly. Here are 20 great tips to fix minor ailments and have your boat ready to rock once the weather begins to warm.

  1. Get a Grip
    Place sandpaper around a filter — between filter and filter wrench — to make removal of greasy, slippery fuel and oil filters easier.
  2. Screwed
    You broke a screw off flush, or nearly so, and need to extract it? Cut a slot with a Dremel tool grinding-wheel attachment, and then remove it with a screwdriver.
  3. Wing Ding
    Replace wing nuts on battery terminals with lock nuts (typically three-eighths-inch for positive and five-sixteenths-inch for negative) for season-long resistance to loose connections due to vibration.
  4. Push, Push, Push
    For cleaner caulk lines, use a cartridge gun, not toothpaste-style tubes, and always push rather than pull the gun.
  5. Move It or Lose It                                                                                                                                                                                           If your trailer is used only for spring launch and fall haul, make sure to move it a few feet once in a while to prevent the bearings from taking a set; alternatively, jack it up and spin the wheels once in a while. It’s also a good idea to tow the trailer a mile or so to exercise the tires and help prevent belt separation.
  6.  KY
    Lubricate filter gaskets with a dab of oil before installing to ensure the O-ring doesn’t bind.
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Troubleshooting Tips

Posted On: February 21, 2017

Here’s some tips that can help you keep your sanity and make it through the year.

The Problem: Your new outboard has low hours, yet you notice salt deposits near the spark plugs.

Probable Cause: Seepage from the water-jacket cylinder heads.

The Fix: This isn't uncommon with new engines that are barely broken in. Have the dealer re-torque the cylinder head bolts to factory specs.

The Problem: There's a faint sooty outline on the salon carpet around the engine hatch.

Probable Cause: The engine is hungry for more air and is drawing in exhaust fumes.

The Fix: Increase ventilation either with larger exterior vents, a blower system, or both.

The Problem: There's a vile sour smell all through the boat.

Probable Cause: Gray water is leaking into the bilge.

The Fix: Check the shower sump pump reservoir for hair clogging the filter screen, which causes the soapy water to overflow into the bilge. If your boat has a shower and no sump pump, this is your problem. Another likely cause is a leaking hose in the MSD. A concentrated emulsifying bilge cleaner/deodorizer (such as Simple Green Marine) will help sweeten up things.

The Problem: When you hit the starter button, the engine's solenoid clicks but the engine doesn't crank over. The other electrical gear on board works fine, so you're sure the battery is okay.

Probable Cause: One of the batteries probably has a corroded terminal.

The Fix: Disconnect both connectors and clean the terminals with a battery post cleaning tool or a wire brush. (Do this monthly during the season.) Leave the battery terminals disconnected for now. Also check the engine end of these cables. Remove the ground connector from the engine block and the hot lead at the starter solenoid. Clean the terminals. After remaking these connections, spray a generous coat of Marine Electronics Grease.

The Problem: The hydraulic steering seems mushy and the response uneven.

Probable Cause: The system probably has air in its hydraulic fluid.

The Fix: Most of these systems allow air to be bled out from a fitting at the ram (near the rudders). Following manufacturer's recommendations, crack the bleed screw and have someone cycle the steering system back and forth to purge the air. Afterward, it will be necessary to top off the oil in the reservoir.

The Problem: On the shakedown cruise with your new boat, the bilge pump runs continuously, but there's no water below decks.

Probable Cause: The float switch could be facing forward. It's an improper installation.

The Fix: The float switch should face aft. Otherwise, the running angle of the boat will cause the float switch to rise and activate the pump, even if there's no water in the bilge.

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THE VALENTINES STORY

Posted On: February 14, 2017

The Legend of St. Valentine

The history of Valentine’s Day–and the story of its patron saint–is shrouded in mystery. We do know that February has long been celebrated as a month of romance, and that St. Valentine’s Day, as we know it today, contains vestiges of both Christian and ancient Roman tradition. But who was Saint Valentine, and how did he become associated with this ancient rite?

The Catholic Church recognizes at least three different saints named Valentine or Valentinus, all of whom were martyred. One legend contends that Valentine was a priest who served during the third century in Rome. When Emperor Claudius II decided that single men made better soldiers than those with wives and families, he outlawed marriage for young men. Valentine, realizing the injustice of the decree, defied Claudius and continued to perform marriages for young lovers in secret. When Valentine’s actions were discovered, Claudius ordered that he be put to death.

Other stories suggest that Valentine may have been killed for attempting to help Christians escape harsh Roman prisons, where they were often beaten and tortured. According to one legend, an imprisoned Valentine actually sent the first “valentine” greeting himself after he fell in love with a young girl–possibly his jailor’s daughter–who visited him during his confinement. Before his death, it is alleged that he wrote her a letter signed “From your Valentine,” an expression that is still in use today. Although the truth behind the Valentine legends is murky, the stories all emphasize his appeal as a sympathetic, heroic and–most importantly–romantic figure. By the Middle Ages, perhaps thanks to this reputation, Valentine would become one of the most popular saints in England and France.

February

While some believe that Valentine’s Day is celebrated in the middle of February to commemorate the anniversary of Valentine’s death or burial–which probably occurred around A.D. 270–others claim that the Christian church may have decided to place St. Valentine’s feast day in the middle of February in an effort to “Christianize” the pagan celebration of Lupercalia. Celebrated at the ides of February, or February 15, Lupercalia was a fertility festival dedicated to Faunus, the Roman god of agriculture, as well as to the Roman founders Romulus and Remus.

To begin the festival, members of the Luperci, an order of Roman priests, would gather at a sacred cave where the infants Romulus and Remus, the founders of Rome, were believed to have been cared for by a she-wolf or lupa. The priests would sacrifice a goat, for fertility, and a dog, for purification. They would then strip the goat’s hide into strips, dip them into the sacrificial blood and take to the streets, gently slapping both women and crop fields with the goat hide. Far from being fearful, Roman women welcomed the touch of the hides because it was believed to make them more fertile in the coming year. Later in the day, according to legend, all the young women in the city would place their names in a big urn. The city’s bachelors would each choose a name and become paired for the year with his chosen woman. These matches often ended in marriage.

 

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TIPS TO KEEP YOUR BOAT LASTING LONGER

Posted On: February 07, 2017

PART ONE


Help Your Boat Live Longer

 “Wax, wash, flush and cover.”

Great advice we've all heard but, there’s more you can do to extend the life of your boat.

Many a boat has died an untimely death, or looked like it was about to, because of an ignored 29-cent part or a few missed hours of upkeep.  Sometimes that might be all it takes to keep your boat young.

So here's some tips on staying young.


Bring It Back
Your gelcoat is only 10 to 20 thousandths of an inch thick, so clean it with care. Don’t use products with bleach, as found in many of the brown-waterline or rust-stain removers. Products with solvents such as acetone and toluene can clean almost anything but will also wipe out the gelcoat’s plasticizers. Abrasives are natural no-nos too. Look for cleaners with chelating agents that get into the gelcoat on a molecular level and carry the dirt out as you rinse.

Time: Two hours

Cost: Star Brite Instant Hull Cleaner, one quart, $16

Frequency: Varies

And Keep It Back
Gelcoats contain plasticizers that keep them shiny and supple. Over time, these leach out, making the gelcoat dull and brittle. To slow the process, use carnauba — the hardest natural wax. Carnauba isn’t reflective, so the product you use will also need silicone, oils, other waxes and solvents to produce that jaw-dropping shine. Don’t pay extra for waxes that claim to be 100 percent carnauba — anything more than about 30 percent would be rock hard and impossible to apply.

Time: About five hours for a 24-foot hull

Cost: Meguiar’s Pure Wax, 16 ounces, $14

Frequency: Twice per season

Breath of Fresh Air
Sad to say, but our boats sit unused and sealed up most of the time — a perfect environment for mold, rot and corrosion. All of which can be prevented by circulating fresh air. Ideally, you want to replace the air in every part of your cabin every hour, and you can’t rely on natural ventilation. Use solar-powered fans. The cabin of a typical 30-footer holds about 800 cubic feet of air. Nicro claims its 4-inch solar vent moves 1,000 cubic feet per day. Use one for intake and another for exhaust. To reach all parts of the boat, drill vent holes at the tops and bottoms of
lockers and closed-off areas.

Time: Half a day

Cost: Two 4-inch Nicro solar vents, $140 each

Frequency: Once

Healthy Carbs
When “ethanol-induced” varnish deposits start to clog the jets of the carburetor, less gas gets into the engine. Your now lean-running carb can lead to hotter operating temperatures, making the aluminum pistons expand and causing cylinder scuffing and the loss of compression. Or the engine simply seizes up. Spray the intake with a carburetor cleaner. Do this when you first crank over the engine each spring, and regularly add a stabilizer containing fuel-system cleaner to the tank during the season.

Time: Two minutes

Cost: Gumout Carb + Choke Cleaner Jet spray, $3

Frequency: Every third fill-up

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