Renewal of an Expired Boat Insurance Policy

Renewal of an Expired Boat Insurance Policy
Written by Sawyer Bennett

Do you have insurance for your boat? If not, it’s time to find out why. Insurance of the boat policies is important because they can provide coverage in an accident or other unforeseen events.

Without this type of protection, your boat may become worthless in a matter of seconds if something happens!

This article will discuss how to renew your insurance policy so that you don’t have to worry about being unprotected while on the water.

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Here’s How:

If your boat is insured with a standard policy, you may not know when it expires. This is because the date isn’t printed on your certificate of coverage. While some insurers will send a postcard to inform you that it has expired, this isn’t always the case.

In order to find out if this has happened, you need to call the company where you purchased your boat insurance and request a copy of your most recent policy. You can then take this information to your financial institution and renew it there.

Ask them for any documentation they require to get new insurance on your vessel, such as identification or proof of ownership. Make sure that you also ask about any changes that have been made since the last time you insured your boat. This includes whether you have acquired a new engine or if the vessel has been damaged in any way.

Once your financial institution has helped you get a copy of your insurance policy, you can take it back to where you purchased insurance and purchase your renewal. New policies will be created with the information that is included in the most recent document. This means that if anything major changed since you last had a boat policy, then this may be reflected in the cost of getting coverage again by either seeing an increase or decrease in how much it costs to renew.

All policy terms and conditions vary, but most won’t cover a boat with no insurance for more than 30 days. If the bank where you purchased your insurance policy requires it, ask if they can add a ‘grace period’ to your renewal date; this means you will have an extra month past the expiration date to get new coverage. If you do not inform them of your situation before the current policy expires, they may consider your boat uninsured and cancel any future coverage plans.

After you renew your insurance, make sure that you don’t let it lapse again! You’ll end up in the same position. Also, if you have any documentation that was filled out for your initial policy, be sure to turn it in when requesting a copy of your new coverage. Out-of-date documents will only hurt your chances of getting full coverage on your vessel. Now that you know how to renew your insurance policy after expiration goes ahead and do so today! It’s an easy fix for this potentially serious problem.



You should never take a boat out on the water if it has valid and current insurance of the boat. Doing so may make you subject to steep penalties, including fines and jail time in some cases. If your plan has recently expired, don’t risk taking your vessel out onto open waters until you can get coverage again!

You may feel anxious about having no protection while out on the water, but there are always other options that will work for you.

For example, there are marine timeshare policies that you can buy for a limited amount of time to cover any issues that arise when going out on the seas. Ask a professional at your bank or financial institution for more information regarding these types of marine options before deciding to go out on the water without coverage.


Keep in mind that it is illegal for you to operate a boat if you don’t have insurance. Your boat may be impounded, and your driving privileges may be revoked. If you are caught without current insurance, then expect hefty fines of up to $5,000. Plus, these penalties could send you back to jail if they are not paid immediately!

These are all reasons why you need to make sure your vessel is covered by buying an updated policy before taking it out onto the open waters this summer. Wait until after your new plan starts before going out on your boat again – otherwise, it will be invalid, and that defeats the point of getting new coverage in the first place.

Make sure you get a new insurance policy before your current one expires. If you have any questions about renewing insurance, contact an agent to help walk you through the process and explain what needs to be done to purchase a replacement plan.

You can also look into ways of getting temporary coverage that will last for a limited amount of time, such as a timeshare option while waiting for your actual renewal to occur.

This way, you won’t have to worry about being unable to go out on the water due to not having protection – just make sure that you actually do renew soon after receiving it!

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Sawyer Bennett

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