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Boat Owners Intend To Sail On Despite Gas Prices
Boat owners say high gas rates will not sink their plans this summer time. Even so, according to a brand new survey, higher prices will have them easing off the throttle more often.
Like other motorists, boat enthusiasts are caught in the wake of higher fuel prices-especially individuals who spend a premium to gas up at marinas. But numerous boat owners indicate they are prepared to "pay to play," saying gas costs would have to practically double ahead of they change their way of life.
The survey, carried out by The Brandware Group, Inc. for Nationwide Mutual Insurance coverage, indicated that two-thirds of boat owners reported high fuel costs wouldnt result in them to work with their boats much less frequently. The truth is, boat owners are willing to pay about $2.70 much more per gallon for fuel prior to they will take into account docking their boats.
"When speaking with our buyers about boating we learned that whilst theyre concerned about increasing fuel prices, the passion theyve for their boats overrides those concerns," mentioned Greg Blanchard, Nationwides vice president of Specialty Merchandise.
The survey also showed boat owners intended to become on the water just as often as last summer-about 20 times-but count on to run their engines about 25 minutes much less per trip. The sailors surveyed mentioned they commit 28 % of their total leisure time around the water.
Experts say that with higher fuel costs putting a strain on boat owners wallets, boat owners should be sure they have the best protection against the unexpected so they do not get hit with burdensome repair or replacement expenses.
"Protecting your investments by making certain theyre insured to worth is definitely an crucial step in defending your way of life," said Blanchard. "The income crunch really hits house if anything happens and you dont have sufficient insurance to repair or replace your infant."
In accordance with the survey, one in 5 power boat owners and one particular in 3 bass boat owners do not have insurance coverage on their boat. Of these with insurance coverage, about 35 percent dont have liability coverage. About 40 percent of energy boat owners and 53 percent of bass boat owners dont have collision coverage. About one particular in 5 power boat owners and a quarter of all bass boat owners would rather take their possibilities than pay to totally insure their boats.
Boat owners say high gas rates will not sink their plans this summer time. Even so, according to a brand new survey, higher prices will have them easing off the throttle more often.
Like other motorists, boat enthusiasts are caught in the wake of higher fuel prices-especially individuals who spend a premium to gas up at marinas. But numerous boat owners indicate they are prepared to "pay to play," saying gas costs would have to practically double ahead of they change their way of life.
The survey, carried out by The Brandware Group, Inc. for Nationwide Mutual Insurance coverage, indicated that two-thirds of boat owners reported high fuel costs wouldnt result in them to work with their boats much less frequently. The truth is, boat owners are willing to pay about $2.70 much more per gallon for fuel prior to they will take into account docking their boats.
"When speaking with our buyers about boating we learned that whilst theyre concerned about increasing fuel prices, the passion theyve for their boats overrides those concerns," mentioned Greg Blanchard, Nationwides vice president of Specialty Merchandise.
The survey also showed boat owners intended to become on the water just as often as last summer-about 20 times-but count on to run their engines about 25 minutes much less per trip. The sailors surveyed mentioned they commit 28 % of their total leisure time around the water.
Experts say that with higher fuel costs putting a strain on boat owners wallets, boat owners should be sure they have the best protection against the unexpected so they do not get hit with burdensome repair or replacement expenses.
"Protecting your investments by making certain theyre insured to worth is definitely an crucial step in defending your way of life," said Blanchard. "The income crunch really hits house if anything happens and you dont have sufficient insurance to repair or replace your infant."
In accordance with the survey, one in 5 power boat owners and one particular in 3 bass boat owners do not have insurance coverage on their boat. Of these with insurance coverage, about 35 percent dont have liability coverage. About 40 percent of energy boat owners and 53 percent of bass boat owners dont have collision coverage. About one particular in 5 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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