When you purchase boat insurance, it’s important to understand the exclusions that may apply to your policy. These are events or circumstances that are not covered by your insurance.
Some common boat insurance exclusions include:
- War and terrorism. These events are typically excluded from all types of insurance.
- Damage caused by wear and tear. This is considered to be a normal part of owning a boat, so it’s not covered by insurance.
- Damage caused by intentional acts. If you damage your boat on purpose, your insurance company will not cover the repairs.
- Damage caused by overloading your boat. If you overload your boat, and it sinks or is damaged, your insurance company may not cover the repairs.
- Damage caused by improper maintenance. If you don’t properly maintain your boat, and it’s damaged as a result, your insurance company may not cover the repairs.
It’s important to read your boat insurance policy carefully to understand the exclusions that apply. This will help you avoid any surprises if you have a claim.
Here are some additional tips for understanding boat insurance exclusions:
- Ask your insurance agent to explain the exclusions in your policy.
- Keep a copy of your policy in a safe place so you can refer to it if you have any questions.
- Be aware of the activities you participate in while boating. Some activities, such as waterskiing or wakeboarding, may not be covered by your insurance.
By understanding the exclusions that apply to your boat insurance policy, you can be sure that you’re covered in the event of an accident.
Boat insurance exclusions can vary from policy to policy, so it’s important to read your policy carefully to understand what’s covered and what’s not. By understanding the exclusions, you can be sure that you’re covered in the event of an accident.