Does Homeowners Insurance Cover Boating Accidents?

While homeowners insurance does cover boating accidents to a certain extent, it is important to know exactly what is and what is not covered under your policy. At Mountainview Insurance, we understand how important it is to ensure that you are properly insuring your property. That is why we always encourage our clients to purchase boat insurance, so that they will be properly covered for all kinds of boating accidents.

What Boating Accidents are Covered Under Homeowners Insurance?

Homeowners insurance can help cover your boat in the event of it being damaged or stolen; however, it is important to note that the actual amount of coverage will vary depending on who is providing the insurance. In most cases, homeowners insurance will cover damage to the boat caused by fire, explosions, windstorms, hail, vandalism, falling objects, and any other cause listed in your homeowners insurance policy.

What questions should you ask before purchasing home insurance?

Since homeowners insurance is meant to protect your home and the objects within it, it is important to note that any boating accidents, including a collision with another boat or stationary object, that occur away from your home will not be covered by homeowner’s insurance.

Things that most people don’t know about homeowners insurance

Coverage Provided While Operating the Boat

The liability part of a home insurance policy can help cover costs in the event that you injure someone or damage someone’s property. Most home insurance policies provide minimum coverage for expenses pertaining to any legal or restitution costs. There are, however, some limitations placed upon this coverage on account of the size and horsepower of the boat in question. While liability insurance that falls under a homeowners policy will usually only cover small boats and vessels, it is always a good idea to check with your insurance provider to find out what kinds of boats are covered under your specific policy.

Find out what homeowner’s insurance does not cover.

In order to get more comprehensive coverage for your boat, it is always a good idea to talk to your insurance broker about the different types of boat insurance available to find out which policy will work best for your situation.

If you would like to learn more about how homeowners insurance can help cover boating accidents, or if you are interested in one of our home insurance or boat insurance policies, please get in touch with Mountainview Insurance at 604-557-0255 or by filling out a contact form on our website.