Hurricane Insurance Options for Boaters

Press Release
Thursday, June 28, 2012

GEICO Insurance Agency encourages boaters to review their hurricane insurance options

“It’s important that boat owners understand the details of their hurricane coverage before a storm approaches,” said Eric Baillargeon, GEICO Insurance Agency boat program manager.

“Coverage options such as haul-out protection can go a long way to protecting your investment and bringing you peace of mind.”

Hurricane haul-out protection typically reimburses boat owners a percentage of the cost to move a boat to a safe location when a hurricane watch or warning is issued. Some insurance carriers will also cover expenses such as storage or mooring fees, strapping down and re-launching the boat in calmer waters once the storm has passed.

“It’s much more cost-effective to move a boat to a secure area than to risk facing a dangerous hurricane,” said Baillargeon. “Haul-out protection saves a tremendous amount of money against having a boat potentially damaged or lost because of a storm.”


 

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