Summerset Boat Lifts: Insuring Your Boat Lift

Friday, August 11, 2017

Insuring Your Boat Lift

The Lake of the Ozarks area offers some unique situations when it comes to insurance. If you own a home on the water with a dock, you need to make sure that dock is insured as well. Insurance can be complicated, so it's important that you work with a local agent to ensure you have the proper coverage for not only your dock, but also your Lake of the Ozarks boat lift.

Boat Insurance Policies

Just like with auto insurance, you need boat insurance. What exactly does that boat insurance include though? Unfortunately, your boat lift is not covered under most of your typical boat insurance policies. Those policies just cover the vessel itself. Think about it; your auto insurance doesn't cover your garage does it? So why would your boat dock or lift be any different. Typically you have to buy a premium policy or add coverage to insure your lift. Talk to a local insurance about your options. Your lift is an investment just like your boat and you want to make sure that investment is protected too!

Homeowners Insurance Policies

Many homeowners believe that their dock and lift are part of their property and their homeowners insurance should cover these items. Unfortunately, that's usually not the case. While homeowners insurance can sometimes extend to the dock, your insurance agent needs to be aware of the dock and value of that dock. When ensuring coverage for your dock, it's important that you not only have physical damage, but also liability. Docks can be a dangerous place if caution isn't taken, and you'll want to make sure you're covered if someone were to get hurt on your dock. As for the physical damage coverage, make sure you understand what circumstances are covered, wind, fire and snow all need to be considered. During the winter season, heavy snow storms have been known to severely damage or even collapse docks at the Lake of the Ozarks.

Protect your boat and protect your boat lift, not only with insurance, but also preventative maintenance. Summerset Boat Lifts is here to help with all your Lake of the Ozarks boat lift repair and maintenance needs. Give us a call at 573-348-5073 and be surprised at how fast you see a representative from our boat lift company at the Lake of the Ozarks out on your dock!