Are boats covered by homeowners insurance?
Boat coverage isn’t a standard feature of all homeowners insurance policies, but many do include some coverage for boats. Before relying on homeowners insurance for boat coverage, boaters should first check their homeowners policy’s specifics with a knowledgeable agent.
When homeowners insurance provides coverage for boats, the coverage is often restricted to smaller watercraft. The policy may limit the boat’s length (e.g., to boats 15 feet or shorter), the boat’s power (e.g., to 50 hp or less) or both. Both considerations should be checked, since even non-power watercraft can exceed a length restriction.
If a smaller boat is indeed covered by a homeowners policy, then another boat policy is probably unnecessary. If homeowners doesn’t extend coverage, though, a boat policy is probably advisable.