We want our clients to understand what their boat insurance policies cover as well as their exclusions. Knowing the exclusions can help you avoid costly surprises in the event of a claim.
Common Exclusions in Standard Boat Insurance 
There are situations and losses that standard policies typically do not cover, including:
- Damage from gradual deterioration, corrosion or lack of maintenance
- Repairs due to engine failure or electrical issues unless caused by a covered event
- Items like fishing gear, electronics or personal effects, unless you add specific coverage
- Using your boat for business or charter purposes
- Damage caused by unlawful or intentional acts
How to Fill the Gaps in Your Boat Insurance
You may consider the following endorsements to close gaps in your coverage:
- Add-on personal effects coverage: This covers your valuables and equipment on board if damaged by covered risks.
- Uninsured/underinsured boater coverage: This can help with your losses protection if you’re involved in an accident with an uninsured, at-fault boater.
- Increased liability limits: This offers higher financial protection in case of serious accidents or injuries caused when operating your boat.
- Commercial boat insurance: This can offer necessary coverage if you use your boat for business or commercial purposes.
Each boat has unique circumstances and insurance requirements. Our team is here to help you review your current policy, identify any gaps and recommend solutions tailored to your needs.
Contact PAC Insurance today to discuss your coverage options and get a personalized quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.