VIEWS: 50 PAGES: 3 CATEGORY: Investments POSTED ON: 1/30/2013
More than safekeeping your boat’s papers and insurance documents, you need to secure the vessel itself. Learn how you can do this.
You Bought Your Boat, Better Keep it From Getting Stolen Boat theft is a dreaded thing for a lot of boat owners. In fact a lot of boat finance companies consider the incidence of boat theft in the area of a potential borrower as a deciding factor for a loan approval or declination. If you happened to gain the approval of your boat loan lender but are worried about getting your new boat stolen, here is a set of things that will help you secure your vessel. Mark engraved yet discrete identification on your boat Have your Hull Identification Number plus a secret code engraved in discrete areas in the boat. A good example of a secret code would be the couple last digits of your birth year followed by the last couple digits of the date you got married, followed by the initials or your first child. Have the engravings, say, under a seat or somewhere near the transom. Don’t forget to have the same engravings on your towing accessories as well. Install an alarm system on your vessel Most modern vessels feature an alarm system that drives thieves away. However, if your vessel does not include this feature or if you figure that your vessel would benefit from an alarm system, upgrade then don’t waste time to get this done. Just as your purchase of this vessel is taken as investment, whether you had it through a boat finance Australian company or whether you charged it on your credit card or whether you got it through cash, investing in a reliable alarm system is an investment that will surely make you get the most out of your boat. Remember that boats are often at sea or that they get wet and damp so get a system that is actually meant for vessels. Keep your boat inside the fence No matter how secure and well-lighted the street in front of your house is, never think that your vessel will be good out there. In fact, even when you’ve secured your trailer and have “totally immobilized” it, as long as your vessel is out there then you have no right to a good night’s sleep. Make sure that you keep the vessel inside the fence. Better if you can free up space in your garage for the boat before you go hunting for a company that will help you get your dream vessel the boat financing deals they offer. A smart boat owner does not only tend to his boat loan repayments. He also makes sure that he’ll get the most of his purchase by keeping his boat with him, in the best condition, at the longest time possible. So don’t stray from the precautionary measures we’ve mentioned. Always remember that if a boat is worth buying then it definitely is worth keeping.
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