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Boat Owners Intend To Sail On Regardless of Gas Costs
Boat owners say higher gas prices won't sink their plans this summer. Even so, in accordance with a brand new survey, greater prices may have them easing off the throttle a lot more usually.
Like other motorists, boat enthusiasts are caught within the wake of higher fuel prices-especially those that pay a premium to gas up at marinas. But a lot of boat owners indicate they are prepared to "pay to play," saying gas rates would have to almost double prior to they adjust 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 rates wouldn't lead to them to make use of their boats significantly less often. In fact, boat owners are willing to spend about $2.70 much more per gallon for fuel prior to they're going to consider docking their boats.
"When speaking with our consumers about boating we learned that even though they're concerned about increasing fuel prices, the passion they've for their boats overrides these issues," stated Greg Blanchard, Nationwide's vice president of Specialty Merchandise.
The survey also showed boat owners intended to become on the water just as often as final summer-about 20 times-but count on to run their engines about 25 minutes significantly less per trip. The sailors surveyed said they invest 28 % of their total leisure time on the water.
Experts say that with higher fuel fees placing a strain on boat owners' wallets, boat owners must make sure they've the right protection against the unexpected so they do not get hit with burdensome repair or replacement fees.
"Protecting your investments by making sure they may be insured to value is an important step in safeguarding your lifestyle," mentioned Blanchard. "The funds crunch really hits house if some thing occurs and also you don't have sufficient insurance coverage to repair or replace your child."
In line with the survey, one particular in five power boat owners and one particular in three bass boat owners don't have insurance on their boat. Of those with insurance, about 35 % never have liability coverage. About 40 % of energy boat owners and 53 % of bass boat owners do not have collision coverage. About a single in five power boat owners along with a quarter of all bass boat owners would rather take their chances than pay to fully insure their boats.
Boat owners say higher gas prices won't sink their plans this summer. Even so, in accordance with a brand new survey, greater prices may have them easing off the throttle a lot more usually.
Like other motorists, boat enthusiasts are caught within the wake of higher fuel prices-especially those that pay a premium to gas up at marinas. But a lot of boat owners indicate they are prepared to "pay to play," saying gas rates would have to almost double prior to they adjust 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 rates wouldn't lead to them to make use of their boats significantly less often. In fact, boat owners are willing to spend about $2.70 much more per gallon for fuel prior to they're going to consider docking their boats.
"When speaking with our consumers about boating we learned that even though they're concerned about increasing fuel prices, the passion they've for their boats overrides these issues," stated Greg Blanchard, Nationwide's vice president of Specialty Merchandise.
The survey also showed boat owners intended to become on the water just as often as final summer-about 20 times-but count on to run their engines about 25 minutes significantly less per trip. The sailors surveyed said they invest 28 % of their total leisure time on the water.
Experts say that with higher fuel fees placing a strain on boat owners' wallets, boat owners must make sure they've the right protection against the unexpected so they do not get hit with burdensome repair or replacement fees.
"Protecting your investments by making sure they may be insured to value is an important step in safeguarding your lifestyle," mentioned Blanchard. "The funds crunch really hits house if some thing occurs and also you don't have sufficient insurance coverage to repair or replace your child."
In line with the survey, one particular in five power boat owners and one particular in three bass boat owners don't have insurance on their boat. Of those with insurance, about 35 % never have liability coverage. About 40 % of energy boat owners and 53 % of bass boat owners do not have collision coverage. About a single in five power boat owners along with a quarter of all bass boat owners would rather take their chances than pay to fully insure their boats.
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