Summerset Boat Lifts: Does Your Insurance Cover Your Boat Lift?

Monday, August 8, 2016

Does Your Insurance Cover Your Boat Lift?

Insurance is required for a lot of things. You need insurance for your car, insurance for your house, and, for many of us at the Lake of the Ozarks, insurance for your boat. Insurance can be a tricky thing; certain items and circumstances are covered, while others are not. The same goes for boat insurance. While your watercraft is covered, other items, such as your Lake of the Ozarks boat lift, may not be.

Boat Insurance Policies

Under your standard boat insurance policy, other equipment like lifts and hoists are not covered. Typically, you have to buy a premium policy or add extra coverage to include your lift. It's important to know the language of your policy and what's included under your coverage. Take a look at your boat insurance policy; you may even want to talk with an insurance professional. With all the flooding we've seen over the past couple years here at the Lake, you never know what the weather might bring. It's important that you know you're covered for anything that might happen to your boat and your lift.

Additional Insurance

Now that you know you have your boat and lift covered, what about your dock? Many people believe that their homeowners insurance covers the dock, and while your homeowners insurance can sometimes extend to a boat dock, your insurance agent needs to be aware of that dock and its value. When it comes to insuring your dock, its important that you have both physical damage coverage, as well as liability. For the physical damage aspect, you'll need to make sure you understand which situations are covered in your policy, for example, damage from wind, fire or snow collapse.

Owning a boat is a big investment, so protect that investment by looking over your insurance coverage today! Summerset Boat Lifts wants to make sure you're able to enjoy your boat and lift without worrying about risk. Remember, for all your boat lift needs, give the best boat lift dealer at the Lake of the Ozarks a call. From new and used lifts to boat lift service and repair, Summerset Boat Lifts has you covered!