Going out in bad weather? Bad weather means bad business for your boat

Tempted to go out to sea in bad weather? Don’t!

A lot of boatowners have taken calculated risks in bad weather, relying on their years of experience to help them navigate the rough seas.

We understand the reasoning- for some, it is an inevitable part of their work, the delivery of goods must take place to fulfill the needs of communities on other islands; for others, a day skipped could be a meal missed.

If for some reason, you feel tempted or obliged to go out to sea in bad weather, carefully consider all the potential implications and whether it is truly good for business.

Unpredictable weather can cause worse damage to your business than one day’s missed opportunity to earn an income. Boat owners can lose their livelihoods for a period up to a year, or even more, after their boats have sunk or been irreparably damaged.

The sentimental value goes beyond mainly monetary loss. Boats are very often named, even baptised. Much like a beloved member of the family, owners have great affections for their boats.

Nevertheless, the loss carries a significant burden to owners, now left with the choice to either rebuild or buying anew. If the option is to rebuild, the entire process can be quite lengthy thus leaving the market open for competitors. If, on the other hand, the option is to purchase a new vessel, the buyer will be at the mercy of current market prices.

Your best bet and the safest is insurance!

Insured boat owners can breathe a sigh of relief knowing that a large part of their value will be reimbursed (within their agreed contract). It will thus be easier to secure capital for building or buying a new boat.

Beyond worrying about the loss of an asset, the personal safety of passengers and crew must be considered. Sacos will definitely have an option for you, but still, we caution you to take great care and to consider safety above all.

For more information on Marine Hull insurance, contact us on 429 5000 or send an email to general@sacos.sc.

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