What exactly does our boat insurance policy cover? What about the damage that happens out of the water? If Midwest storms or an Omaha, NE tornado destroys the storage building, is your boat covered by Guardian Insurance’s boat insurance?

Does boat insurance cover damage that happens in storage?

In most cases, boat insurance policies cover damage while your watercraft is stored safely, such as in a dry dock or storage facility. However, the extent of coverage might vary based on the insurance provider and your policy.

Reading through your policy details to understand what is covered and the possible exclusions is essential. For example, if the damage is caused by a lack of maintenance or some wear and tear, the insurance company may not cover it. Additionally, if the damage occurred because of your negligence, such as using inadequate storage, the insurance company may not pay for the damages.

Damage caused by floods or storms can happen even when your boat is stored securely. Insurance policies may offer comprehensive coverage for such instances, but the coverage amount will depend on your policy limits and deductibles.

Most boat insurance policies require a specific level of coverage for storage, mainly when your boat is stored during off-season months. It’s essential to review your policy annually with your insurance agent to discuss your coverage and ensure you have the correct amount of coverage, as some policies may have limited coverage or even exclude storage coverage.

Reach Out To Us

As a boat owner in Omaha, NE, it’s vital to understand what your boat insurance policy covers. As a leading Midwest insurance agency, Guardian Insurance offers customizable boat insurance policies to protect your valuable watercraft. Contact us to learn more!