Ted,
I remember someone putting a ziplock bag over it with and a rubber band when they had extended period in the water. I have had barnacles on mine and it was not easy to get them out of the small crevices!
The paint usually has copper in it if I am not mistaken. Not sure how this would affect the signal, but I think the bag is a much better idea!
Let us know what you do and how it works out. Post any picts if you can.
Good Luck,
Robert