Does my homeowners insurance cover my boat? Jesse L.- Ocracoke, NC

Jesse,

The answer to this question lies in the specifics of each claim. We will try to give you as much information as possible, however, keep in mind that you should refer to your homeowners insurance policy.

Typically, coverage for watercrafts on your homeowners insurance policy is limited at best. However, some coverage may be offered and it’s good to know what is.

The first thing to consider is where the loss occurred. Most homeowners insurance policies will only cover losses that occurred to your boat on your property- for example in your driveway or in your garage.

Secondly, it depends on the type of claim. Some homeowners insurance policies will provide coverage for wind and hail damage- but only if the boat is located in a fully-enclosed building such as a shed or garage on your property.

In addition, there may also be exclusions on theft coverage. For example, theft claims may only be covered not only if the watercraft is enclosed and on your property at the time of loss.

If your home insurance policy does provide coverage for your watercraft it will vary from state to state. In North Carolina, for example, a standard homeowners insurance policy would only cover up to $1500 for loss of or damage to your boat.

Also included in this type of coverage are boat  trailers, furnishings,equipment and outboard motors.

Again for specifics on your policy- you should refer to your specific homeowners insurance policy. Thanks for visiting HomeInsurance.com!