Watercraft or supplementary boat hull coverage is an optional add-on for HO-5 policies in select states. It provides extra money to repair or replace a boat if it is damaged. Insureds can find coverage up to $10,000 for boats up to 26 feet long, along with coverage for other property including:
- Trailers
- Furnishings
- Accessories
- Equipment
- Parts
- Outboard engines or motors owned by the insured
This endorsement is only available for HO-5 policies in select states. If you do not see it as an option on the Coverage tab, it is not currently available in your state.
Coverages
Personal Liability (Coverage E) and Medical Payments to Others (Coverage F) apply to watercraft. However, they do not apply if the boat is used for:
- Racing: Organized speed contests (though sailing races are still covered)
- Renting: Letting others pay to use the boat
- Charging for Rides: Using the boat like a taxi for people or cargo
- Work Tasks: Use by employees whose main job is to handle the boat
Exclusions
Watercraft/supplementary boat hull does not cover the following:
- Watercraft over 26 feet in length
- Personal watercraft (e.g., jet skis)
- Trailers not designated or principally used to transport watercraft
- Moorings, slips, or docks
- Equipment that is not normally used to operate or maintain your watercraft
- Fishing tackle
- Property used at any time or in any manner for any "business" purpose
- Damages from wear and tear, rot, animal, freezing.
Openly will pay the total loss amount minus a $250 deductible. This coverage does not trigger any other policy deductibles.
For further assistance or to request state-specific policy forms, please reach out via our webform or Live Chat.
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.