Are you a victim?

Author:
Updated:
Original:

Theft and Burglary on boats is on the rise!

Theft and burglary on boats is on the rise. Did you know that there have been five yachts stolen from the Miami area since the beginning of 2007 amounting to over $10 million?

In 2003 11,000 boats were stolen in the US and ONLY 10-15% were recovered, also in 2003 $250 million in boats and boat equipment was stolen and 80-85% was NEVER recovered. Don’t let yourself be a victim, Are you protected?

Boats owners are now reconsidering their “usually” key hiding spots on their boats. With the installation of plasma TVs and easy to remove electronics, thieves are realizing that boats are an easy target. Many owners are now, in fact, installing a security system to supervise everyone boarding their boat. Most of these security systems also offer monitoring features like: high water sensing, low voltage sensing, loss of shore power notification and GPS tracking. Did you know that 80% of boats that sink, sink at the dock?

Insurance companies have supported the addition of these security and monitoring devices to the market by offering owners up to 15% annual discount on the owners insurance premium for having a system like this installed. Almost everyone now knows someone who has had their boat broken into or had their boat stolen. With TIME being our most valued possession, what does all this really mean? Boat owners want “Complete Peace of Mind” knowing that their boat will be at the dock, secure and ready for operation when they arrive at the marina and they are willing to pay for it!

Marc Curreri
Paradox Marine

Related

Freedom Boat Club Expands

Through November, it has grown to more than 245 locations serving more than 55,000 members.

BRP Announces FY21, Q3 Results

While the North American market saw solid gains in the powersports segment, pandemic-related shutdowns and the retirement of Evinrude had a big impact on revenue.

Quick Hits: November 25, 2020

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 11.0px Arial} span.s1 {font-kerning: none} Patrick hires a new CFO; CMC Marine joins NMMA; Dometic makes names new HR VP; and Stingray Boats earns a safety milestone.

Wholesale Shipments Drop in September

NMMA: Easing supply chain constraints should enable more manufacturers to build boats.

Dealers: What’s Your 2021 Retail Outlook?

The monthly Pulse Report asks marine retailers to weigh in on November market conditions.