Summer is the perfect time to take a boat out on a lake or the ocean, whether it is just to soak up the sun with friends and family, waterski or maybe fish. But a fun afternoon on the water could turn into a disaster should corroding parts give way to gradual leaks, and the boat unexpectedly begin to sink.
Unfortunately, when a boat sinks, that is likely the end of her simply because repairs to a sunken boat often cost more than the value of the boat; therefore, boaters want to prevent a sinking at all costs.
Approximately two out of every three boats sink at the dock or mooring, and the remaining 31% sink while underway. But according to a study by the Boat Owners Assn. of the United States (BoatUS), which analyzed boat insurance claims since 2006, most boat sinkings are preventable.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
