Insurance - Not using Boat
#1
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Insurance - Not using Boat
I have a question, currently have a cat that is in stroage at my house in heater garage. Not sure when will be using it 1-2 years or maybe even selling? Can I get a policy that will cover just fire/theft?
#4
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Hope this helps.
Let me know if my office could be of assistance in the future.
Devin Wozencraft
#5
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Markel offers a storage and transit policy. Basically, this is an inland marine policy that covers the exposures/losses that would occur while storing or transporting the boat. You can contact any Markel broker to get a quote. http://www.markelmarine.com/find-an-agent/
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#9
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If your boat is valued at more than $1000 (some policies up to $1500) then no. Homeowners policies do not cover any type of vehicle, Recreational vehcile or watercraft even while stored in the garage unless it is specifically endorsed to your home policy for the full value of the boat.
Many people assume that when they store their boat in the garage, it is covered by their home insurance when in reality it is not. If the home burned down with the boat in the garage. Your homeowners insurance would give you the policy sublimit ($1,000) and that is it.
If you read your home policy, you'll find the exclusion and the sublimit on the policy form.
Good rule of thumb, if you can insure it on a separate policy, it is not covered by your home insurance.
Examples:
Jewelry worth over $1500, Fine Arts, Silver etc
ATVs
Motorhome
Motorcycles
Boats
PWCs
Autos including antique collector cars
Many people assume that when they store their boat in the garage, it is covered by their home insurance when in reality it is not. If the home burned down with the boat in the garage. Your homeowners insurance would give you the policy sublimit ($1,000) and that is it.
If you read your home policy, you'll find the exclusion and the sublimit on the policy form.
Good rule of thumb, if you can insure it on a separate policy, it is not covered by your home insurance.
Examples:
Jewelry worth over $1500, Fine Arts, Silver etc
ATVs
Motorhome
Motorcycles
Boats
PWCs
Autos including antique collector cars
#10
Gold Member
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I am not too smart, but I don't think you can have an umbrella policy cover anything that is not covered by an underlying policy.