4 Common Insurance Exclusions for Boats

Boat insurance can be complicated. You may think that you’ve got all the bases covered only to find out that there are exceptions in your policies. Here are four common boat insurance exclusions to remember before you buy a policy.

Normal Deterioration

Boats and engines may be covered if damaged by fire, windstorm, theft, or vandalism. However, boat policies, such as from a boat insurance Newark DE company, usually will not cover the ordinary wear of a boat as the boat ages. Engine and machinery failure because of aging or negligence are also common exclusions in boat policies.

Improper Storage

You should store your watercraft safely and under a cover when not used to protect it and prevent additional risk, which may cause a claim to be denied. This can protect it from the elements and reduce the risks of deterioration. When transporting your boat, it should be properly secured.

Unnamed Operators

Just like with auto insurance, you will be asked to list those who are allowed to drive your boat. These drivers are called “named operators”. Your policy may not pay for repairs or replacement for an accident caused by someone not named who causes an accident while driving your watercraft.

Additional Equipment

Some boat insurance policies don’t cover accessories and special equipment. For example, a trailer is typically not included and many states require trailers to have their own auto policies. There are also trailer covers, retractable awnings, and winches that may not be covered. You may want to consider adding coverage for any equipment not covered.

It’s important for you to know what exclusions are, and how they could affect claims you might make in the future. Boat owners should take care when shopping for coverage so they get the right type of policy for their needs.