11. Reduce Your Laid-Up Boat Coverage
Pinpoint the date you’ll launch to the date you’ll haul out. Mike Costolo of C&L insurance in Miami specializes in marine insurance. “In Northern climates there’s often a discount during the laid-up months. That’s not as common in the South, where you can boat yearround,” he says. The laid-up discount is awarded for the low-risk time the boat’s not being used. If your policy says you launch April 1 but you don’t launch until the 15th, change your policy to reflect that. Estimated Savings: $50
Have some tips of your own for boating on a budget? Head to the forums to share them with your fellow boaters!