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Posted by My Sport | Posted on 5:28 AM




Boat Owners Intend To Sail On In spite of Gas Prices

Boat owners say high gas rates won't sink their plans this summer. Nonetheless, in accordance with a brand new survey, greater rates will have them easing off the throttle much more frequently.

Like other motorists, boat enthusiasts are caught in the wake of higher fuel prices-especially those who pay a premium to gas up at marinas. But several boat owners indicate they may be prepared to "pay to play," saying gas prices would must nearly double before they alter their life-style.

The survey, conducted by The Brandware Group, Inc. for Nationwide Mutual Insurance, indicated that two-thirds of boat owners reported high fuel costs would not cause them to make use of their boats less often. The truth is, boat owners are willing to spend about $2.70 much more per gallon for fuel ahead of they're going to contemplate docking their boats.

"When speaking with our customers about boating we learned that even though they are concerned about rising fuel rates, the passion they've for their boats overrides these concerns," mentioned Greg Blanchard, Nationwide's vice president of Specialty Products.

The survey also showed boat owners intended to be on the water just as typically as last summer-about 20 times-but count on to run their engines about 25 minutes much less per trip. The sailors surveyed stated they commit 28 percent of their total leisure time on the water.

Authorities say that with high fuel costs placing a strain on boat owners' wallets, boat owners ought to make sure they have the right protection against the unexpected so they do not get hit with burdensome repair or replacement charges.

"Protecting your investments by making certain they may be insured to value is definitely an essential step in safeguarding your way of life," said Blanchard. "The cash crunch genuinely hits property if something occurs and also you don't have adequate insurance to repair or replace your child."

Based on the survey, a single in 5 power boat owners and one in three bass boat owners don't have insurance on their boat. Of these with insurance, about 35 % don't have liability coverage. About 40 percent of power boat owners and 53 percent of bass boat owners don't have collision coverage. About one particular in five power boat owners and a quarter of all bass boat owners would rather take their possibilities than pay to totally insure their boats.

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