Posted on June 24, 2015
As a boat owner you’ve carefully insured your craft – but are you certain your total investment is protected?
We encourage every boat owner to check the specifics of your insurance policies— most do not include the boat lift itself and you may need to purchase this separately.
Standard boat coverage usually applies to watercraft with motors, fishing boats, pontoons, leisure craft, and yachts and it may cover collision damage, property damage liability, bodily injury liability, or comprehensive for your boat. You’ll find that it does not usually include PWCs or small watercraft.
Boat lifts are also not covered under the typical boat and boat dock protection policies. In case of extreme circumstances or dock failure, it is important that you purchase insurance separately for your lift. Exposure is the single biggest factor when determining insurance coverage. Before purchasing separate coverage, check your homeowner’s insurance.