Do you enjoy boating on Carter Lake? Many do. Summer weekends at Carter Lake are jam-packed with happy boaters and other water lovers who take advantage of this pristine location near Omaha. As a responsible boat owner, you probably want to ensure you’re covered with boat insurance, which you can get with Insurance Solutions LLC serving Omaha, NE. Every policy should be carefully read, but one of the most common questions we’re asked is if boat insurance covers personal property inside the boat.
Personal Property May be Covered
Most standard boat insurance policies include some level of coverage for personal property. However, coverage limits and exclusions vary, so you must review your policy carefully. For instance, high-value items like expensive fishing equipment or specialized electronics may not be fully covered unless additional riders or endorsements are added to your policy. Policies also define what qualifies as personal property and may exclude certain types of items, such as cash, jewelry, or items used for business purposes. The best thing to do is, if you don’t see your valued items covered, you may want to get with us to review available supplemental coverage.
How Coverage is Applied Matters
It’s also essential to consider how personal property coverage is applied. Some policies cover items damaged, stolen, or lost only while on the boat, while others may extend coverage to items in transit or stored elsewhere, such as in a dock locker. Additionally, you should verify whether your policy offers replacement cost coverage or depreciated value coverage for personal items, as this affects how claims are settled.
If your personal property is essential to your boating activities—and most people have at least some valuable personal property aboard—it is vital to discuss your needs with your insurance rep at Insurance Solutions LLC, serving Omaha, NE. Contact us to learn more.
