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  1. #1
    Registered User
    Join Date
    Oct 2003

    Read Your Insurance Policy

    In the last few weeks there have been several posts about coverages on boats when they're out of your possession. One was specifically about a boat being at a repair shop and stolen. I believe the insurer was State Farm. At any rate, when the claim was filed, the owner was informed it was an excluded loss and not covered.

    I make it a habit of reading these insurance contracts, even though all those big words make my head hurt. After reading about the previous exclusion of coverage, I re-looked at mine. While it does not exclude coverage while at a marina or repair facility, it specifically excludes losses that occur while the boat is in the possession of another party for the purposes of sale of the craft.

    Probably a good thing to know before you leave your boat with someone. In business, I always request an insurance certificate from all suppliers, vendors, etc. I even ask for certificates of E&O coverage from the accountants and lawyers. It seems now that asking for them from EVERYONE just might be prudent.

  2. #2
    Gold Member Gold Member thedonz's Avatar
    My Boats:
    one ballsy Top Gun, a very fast Skater, one real fun Avance....oh yeah, and two Boston Whalers
    Join Date
    Feb 2003
    Vice City & Tavernier, FL
    for those of you having boats on lifts behind the house, look for exclusions unless the boat is in an enclosed/locked area, I kid you not.................
    It is a Skater Nation!

  3. #3
    Gold Member Gold Member
    Join Date
    Feb 2005
    im reading my policy soon as i get to my desk

  4. #4
    Registered User
    My Boats:
    1990 28 Apache SOLD!, 1990 16 Wahoo DC, 1973 40 Kingscraft
    Join Date
    Jan 2007
    Mansfield, TX
    You would think with all the exclusions it would be a little cheaper.

  5. #5
    Registered Platinum Member
    My Boats:
    39' Sea Ray, 38' Nortech, 18' Taylor SJ
    Join Date
    Jun 2006
    Lake Conroe, TX.
    Read the part about drivers also.

    I know both of my past 2 policies were named driver policies. That means if you decide to tie one on and let your buddy drive home, the boat isn't covered while he is driving. Consequently neither are you if you are twisted up.

  6. #6
    Rob VIP Member Strip Poker 388's Avatar
    My Boats:
    Hustler 388
    Join Date
    Aug 2001
    Yawll scaring me rereading mine

    Boost makes up for Cubic Inchs

  7. #7
    Registered MikaylaHunterCig's Avatar
    My Boats:
    Playcraft tritoon rockin' 496 H.O.
    Join Date
    Oct 2003
    Pacific / Havasu
    Just looked over my policy and emailed my agent as well...

  8. #8
    VIP Member VIP Member lucky strike's Avatar
    My Boats:
    Using LS-3's boat
    Join Date
    Sep 2003
    Pompano Beach, Florida
    Quote Originally Posted by thedonz View Post
    for those of you having boats on lifts behind the house, look for exclusions unless the boat is in an enclosed/locked area, I kid you not.................
    Thanks !

    I just shut the electric off on my lift.

  9. #9
    Mod Squad Enforcer Charter Member Cash Bar's Avatar
    My Boats:
    2009 Skater 3212-- MAD PROPS
    Join Date
    Nov 2002
    On the way to a PR near you
    That was my State Farm policy..... insurance azzholes.
    Your OSO connection to great S. Florida Real Estate.

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