In the insurance world, “boats” are usually defined as smaller powerboats and sailboats. Standard insurance policies for boats cover damage to the craft itself, usually on what is called an “all-risk” basis. In this case, all-risk includes damage caused by fire, lightning, theft, vandalism and windstorms.
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25.10.10 Is your boat insured when it’s in storage?
If you own a boat, you’ve probably taken it out of the water by now or plan to in the very near future. If so, do your store your boat in a garage, shed, or your driveway?
Well….what if you did store it in your garage and your garage burns down?