The Role of Boat Safety in Reducing Insurance Costs

When it comes to boating, safety isn’t just about protecting lives—it can also help protect your wallet. At Axcess Insurance in Bountiful, UT, we understand that responsible boating practices not only reduce the risk of accidents but can also lead to more affordable boat insurance premiums.

Why Boat Safety Matters

Boating accidents are on the rise year after year. As enjoyable as spending time on the water can be, it’s crucial to prioritize safety. By taking proactive steps to prevent accidents, you’re not only safeguarding yourself and your passengers but also potentially reducing your insurance costs.

Essential Boat Safety Practices

Here are some key safety measures that can help keep you safe on the water and may positively impact your insurance premiums:

• Take a boating safety course. These courses are proven to significantly reduce the chances of accidents. They provide the knowledge and confidence needed to navigate safely. Many insurance companies offer discounts for completing accredited courses.
• Get a vessel safety check. Before hitting the water, contact the U.S. Coast Guard Auxiliary for a free vessel safety check. This ensures your boat is in top condition and compliant with safety regulations.
• Ensure proper coverage. A watercraft physical damage endorsement can protect your boat, trailer, equipment and personal items on board.
• Create a “float plan.” Always inform someone on land of your travel plans. This can be crucial in case of emergencies, especially in areas with limited communication.
• Use essential safety equipment. Stock your boat with necessary items such as life jackets, fire extinguishers, flares and other safety implements.
• Monitor weather conditions. Always check weather forecasts before your trip and stay alert for signs of changing conditions while on the water.
• Wear life jackets. Despite their proven effectiveness, only about 25% of boat occupants wear life jackets. Make sure everyone on board wears one at all times.
• Stay sober. Alcohol and boating don’t mix. Operating a vehicle, even a boat, while intoxicated is illegal.
• Consider additional coverage. An uninsured and underinsured water liability endorsement can protect you if you’re involved in an accident with an uninsured boater.

The Insurance Benefits of Boat Safety

By implementing these safety practices, you’re not only reducing the risk of accidents but also demonstrating responsible boat ownership to insurance providers. This can lead to the following benefits:

• Lower insurance premiums
• Access to more comprehensive coverage options
• Reduced risk of having to file a claim, which helps maintain lower rates over time

We’re Here to Help

Contact Axcess Insurance in Bountiful, UT, today to learn more about how your safety practices can affect your boat insurance rates. Let us help you find the right coverage to keep you insured on the water while potentially saving you money on premiums.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.