San Diego residents who own waterfront properties within or outside the county’s limits often have boats, and some store their vessels in boathouses near their properties. If you have a boathouse, it’s important to read your homeowners insurance policy thoroughly because the coverage provided for a boathouse may not be adequate. The staff at American Tri-Star San Diego explains why you might need additional coverage for your boathouse.
Why the Term “Residence Premises” Is Important
A standard feature of any San Diego homeowners insurance policy is the definition of the residence premises. Your policy might state it covers structures on the residence premises set apart from the dwelling or home by a clear space, but it includes structures connected to the home by only a utility line, fence, or other connection. However, even if the dock and boathouse are located on your property, they may not meet the definition of being on the residence premises.
Why Boathouses May or May Not Be Covered
Depending on the wording of the policy, a boathouse may or may not be covered in the event of fire or other damage. Most homeowners insurance policies state structures on the premises are covered, but a boathouse located on a dock over a navigable waterway is technically located on government land, not the insured’s property. This can become even more ambiguous if the dock is one of many on public or other private land and the insured is merely given access to the dock through an easement agreement.
Boathouses Need to Be Declared
One of the easiest solutions to ensuring your boathouse is covered is making sure it is listed on the declarations page of your policy, specifically the area where the insured and the agent can describe the property in greater detail. Adding a statement such as “including a dock and attached boathouse” can clear up confusion and make sure the insurance agency is aware the structure exists and is considered part of the residence premises.
An Endorsement Can Be Added
If the insurance carrier objects to the declaration, another option is adding the dock and boathouse to the policy with an endorsement. Coverage for a structure away from the residence premises can provide a specific coverage limit with a modest increase in your premium. Because some underwriters do not like to simply include the boathouse and dock on the declarations page, this option means your boathouse is still insured in the event of a covered loss.
Whether your boathouse is at your primary residence or at your vacation property by the lake, it’s important to make sure it’s covered in case of potential damage. Get in touch with American Tri-Star to see what options are available for covering your boathouse. In addition to affordable homeowners insurance, we also offer commercial, health, RV, motorcycle, and cheap San Diego car insurance. Give us a call today at 619-272-2100 and one of our knowledgeable agents would be happy to assist you.