Why Theft Coverage is Important for Boats Housed Away from Residence

There’s nothing more exhilarating than having your hair being blown back by the wind while navigating through the waters in a boat. Denver, CO has no bigger recreational activity than boating, but owners can feel a bit overwhelm when it comes to buying the right insurance to protect their vessel.

Unfortunately, thousands of boats are stolen or broken into each summer, and it’s especially important to have theft coverage when your boat is housed away from home. Insurance won’t prevent a boat from being stolen, but it can help recover the monetary loss much faster.

The biggest misconception is that a person’s homeowners insurance will cover a boat, and it does if the boat doesn’t have an engine. Think of a sailboat or rowboat, but a $20,000 luxury liner doesn’t fall under this category.

Why? Well, much like an automobile, a boat of this nature is mobile and can travel anywhere, so it will need a separate insurance policy.

Is My Boat Covered for Theft

A standard boat insurance policy will provide limited coverage if your boat has been vandalized, but no coverage for stolen items. To cover your assets, you will need to add an umbrella clause to the policy. The wording states of the risk value taken for having expensive items such as a sound system, large screen television and deep sea fishing equipment being kept on board.

Inventory Your Items

It’s important to keep a detailed inventory record of what is exactly housed on your boat. Take photos or an extended video of the interior and exterior of the boat, and keep them in a safe and secure place. Also, engrave a personal identification code onto all personal items stored on the boat. This will help the local authorities in returning the stolen items back to you. Plus, it may discourage thieves from taking them in the first place.

As you can see, they’re plenty of options to consider when shopping for the right boat insurance policy. At AFI Insurance, we work with clients of Denver, CO to find the best coverage for their boat. To speak with a reputable agent at AFI Insurance, contact us at 866-433-2878.

I’m Renting An RV — Do I Need RV Insurance Coverage?

Taking a vacation in a "house on wheels" is a great way to travel in comfort while seeing the country. While you already have automobile insurance coverage, if you’re planning to rent a motorhome for your next road trip, it’s a good idea to weigh your insurance options before you hit the highway.

It is possible that your existing auto or homeowners insurance policy may offer some coverage, but purchasing additional temporary RV insurance will ensure you are covered for any situation that arises. Ask your AFI Insurance agent what coverage your auto or Denver, CO homeowners insurance may offer.  

What Your Auto Policy May Cover

Your automobile insurance policy may offer some coverage for driving-related accidents while operating your rental motorhome. According to the Family Motor Coach Association, auto insurance covers driving-related accidents such as causing damage to property while backing into a campsite or rear-ending another vehicle. Some auto insurance policies will extend the same coverage you have on your car to your four-wheeled rental RV, such as liability, collision and comprehensive coverage.

Why You Might Need Supplemental Recreational Vehicle Rental Insurance

Driving an RV is a lot more difficult and complex than driving a car. A motorhome is much larger, more difficult to navigate, and trickier to park. Additionally, many Denver, CO rental RV drivers are getting behind the wheel of a big rig for the first time, which increases the likelihood that you might dent another RV, sideswipe a pole, and more.

There’s also the cost factor. Even a minor accident in an RV may result in much higher expenses for damage than a minor fender bender in your family SUV. Because of that, your personal auto policy limits may not fully cover motorhome repairs. Purchasing a temporary RV rental insurance policy can bridge that gap, and can offer higher limits than your auto policy. In addition, a supplemental policy can help cover other costs your auto or homeowner insurance policies likely won’t cover, like reimbursement for expenses such as a hotel or rental car, in the event that your rental motorhome breaks down during a trip.

Before you rent an RV, read your auto and homeowners policies and then call our friendly insurance experts at AFI Insurance. We can detail what coverage might already be available through your existing policies and determine if purchasing temporary insurance coverage is the best option for you.