You found the boat.
Right size.
Right engine.
Right price.
There's just one problem.
It's used—and the factory warranty is gone.
So can you still buy an extended warranty?
In many cases, yes.
What you're typically purchasing isn't actually an extension of the manufacturer's original warranty. It's a Marine Service Contract that can provide protection against certain covered mechanical breakdowns.
Eligibility depends on the provider and the boat.
Factors such as age, engine hours, make, model, horsepower, condition, value, and propulsion type can determine whether the boat qualifies and which coverage options are available.
And frankly, used boats are exactly where this conversation can become important.
You might buy a beautiful boat that's been well cared for. The previous owner may have maintained it religiously.
But you're still buying a machine that's been operated in one of the toughest environments around.
Water.
Salt.
Heat.
Vibration.
Long periods of sitting followed by hours of operation.
That's boating.
Before purchasing any used boat, get it inspected by a qualified professional. A service contract isn't intended to pay for problems that already existed when you bought the boat.
Think of the inspection and service contract as doing two different jobs.
The inspection helps you understand what you're buying today.
The service contract helps protect against certain covered failures tomorrow.
You should also review the contract carefully.
Look at waiting periods, maintenance requirements, deductibles, exclusions, coverage limits and claims procedures.
Don't assume something is covered simply because someone said, "Don't worry, you've got a warranty."
Know what you have.
Buying used can be one of the smartest ways to get more boat for your money. Let somebody else take that first depreciation hit while you get out on the water.
Just remember that the purchase price isn't your only financial exposure.
Buy the right boat. Inspect it. Maintain it. Protect it.
Then stop worrying about what the previous owner did and start making the boat yours.
— Terry Torline