Should boaters purchase insurance for paddle boards and kayaks?
Smaller boats, such as paddle boards, kayaks, canoes, skiffs and sailing dinghies are becoming increasingly expensive. More and more boaters who have these vessels are thusly considering purchasing insurance in case of damage.
Even when using an older and/or cheaper vessel like this,.though, watercraft insurance can still provide important liability protection. Without liability protection, even a paddle boarder or kayaker might be held financially responsible for a tragedy such as drowning.
An insurance agent who specializes in boat policies can help paddle boarders and kayakers determine whether their risk exposure merits purchasing a boat policy.
Are boats covered by homeowners insurance?
Coverage for boats isn’t necessarily a standard feature of homeowners insurance policies, but it’s found within a good number of homeowners policies. Before relying on a homeowners policy for insuring a boat, however, homeowners should carefully read the terms of their policy.
When homeowners’ policies provide coverage for boats, they often limit the type of boat that’s covered. Terms frequently restrict the length of the boat (e.g. to boats 15 feet or shorter) and/or the power of the boat (e.g. to 50hp or less). Obviously, power isn’t relevant for paddles and sails.
An insurance agent who specializes in boat policies can help homeowners sort through the details of their particular homeowners’ policy and boat. If coverage for a boat isn’t available through a homeowners policy, either because no coverage or insufficient coverage is offered, a separate boat policy is probably in order.