Boats can be expensive to maintain. Seemingly simple things like routine engine maintenance can cost thousands. It’s understandable to ask whether boat insurance in Broomfield, CO can help cover the cost.
Will It Cover Maintenance Costs?
In most cases, your policy will not cover standard maintenance. Many policies also exclude gradual wear and tear, and your claim may be denied if there’s damage and you neglected regular maintenance beforehand.
There are a few exceptions. Some policies cover mechanical breakdowns, such as if the engine fails. Others may offer wear-and-tear add-ons for newer models. It’s important to speak with an agent here at Aspen Gold Insurance Brokers to learn about your options.
Other Common Exclusions
Boat insurance is usually designed to cover accidental or unexpected damage, such as damage from accidents or weather-related incidents. Because of that, there are several exclusions.
Weather deterioration is one of the most common exclusions. This means your boat has more wear and tear because it was exposed to the elements, such as sun and rain. It’s important to make sure your boat is properly covered so you don’t have to deal with this.
Many policies also exclude insect and rodent damage. People who store their boats at a marina are less likely to deal with this, but it’s still possible. Owners who store their vessel at home in their garage may deal with rodents chewing through wires or insects creating a nest in the engine. Both of these situations can cause significant damage, so it’s best to use proper storage methods, pesticides, and to frequently check on your vessel while it’s being stored.
Agents here at Aspen Gold Insurance Brokers can help you learn everything you need to know about your coverage. Contact us today. We’re currently serving the Broomfield, CO area.
