Boat Docks & Lifts: Schedule on the Inland Marine or Leaver Under Base Form?

With all the water and weather we've had boat docks and lifts have been a very hot topic.

 

Here's a quick summary of coverage options:

 

COVERAGES B/C - BASE FORM:

 

*Coverage Note: Base form can exlcude water damage from flood, surface water, waves, tidal water, or overflow of a body of water.  This became important this year with the unusual amount of rain we had, because when a dock is already fully submerged it becomes subject to wave damage rather than wind directly.  This isn't usually an issue becuase we don't normally have the water volume we've had this year, but it is still a consideration to note.

 

SCHEDULE ON THE INLAND MARINE:

 

*Coverage Note:  There is no exclusion for wave action on the inland marine. 

 

BOAT OWNERS PLUS: 

 

*Coverage Note:  One great feature of this extra endorsement is that you can schedule Boat Equipment on replacement cost.  They will generally allow boat lifts to be scheduled as boat equipment, as long as they also have the boat schedule on the policy.

 

 

Have questions about coverage options?  Call us today!


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