Boat owners need to take specific actions if someone steals their boat to reduce liability risk and improve the chances of recovery.
Stealing a boat is actually easy if the boat is already in the water, say for example on a dock. Just by pulling the wires from the ignition switch and connecting them together would allow a thief to “hot wire” a boat and get it started. It takes minimal skill to do this.
The problem for boat owners is not only the loss of the boat when a thief steals it, but also the possibility of liability damage done by the unauthorized operator. If a stolen boat is involved in an accident, the owner may be liable.
One way to avoid this problem is to have a boat alarm. The best ones send a signal if the boat moves from a specific area. This signal may sound an alarm and can make a mobile phone call to the owner to advise them the boat is moving without permission. The very best systems include a GPS tracking feature. These systems are not expensive and are very useful. Some insurance companies give a premium reduction if the advanced anti-theft systems are in a boat. So, check with the agents at Smart Way Insurance Agency to see if you qualify for a premium discount.
GPS tracking allows the boat owner to know exactly where the boat is located and help with recovery. These systems are useful when the boat is either in or out of the water.
If your boat is stolen, of course immediately notify the law enforcement authorities. Inform them of any GPS tracking system so they can apprehend the thief quickly. Notify your insurance company right away so that they are also informed about what is happening.
It is always a god idea to regularly review boat insurance coverage with your agent at Smart Way Insurance Agency for adequate protection.