Are you thinking about purchasing a boat of your own in the near future? If so, then you should know that this is a major decision and one that comes with a number of responsibilities that many people simply do not take the time to think about before buying a boat. So what do you need to know about boat ownership before you sign that paperwork and fork over your hard-earned money? Most importantly, you should realize that owning a boat can be extremely expensive. Aside from the obvious cost of the boat itself, there are a number of other expenses that you will be responsible for as the boat owner. For example, progressive Car Insurance, you will be required to pay for boat insurance, which can easily be an additional $100 per month. Of course, there is also regular boat maintenance that will need to be done to ensure that the boat is in safe operating condition. This can add up over time. Not to mention, if you live in a climate where it gets cold during the months of winter, then you will need to pay to have your boat stored and shrink wrapped during the colder months of the year. Be sure to keep these additional expenses in mind and make sure that you can comfortably afford them!