When it comes to boat insurance, coverage for engine damage can vary from one company to the next. Damage to outboards and aft transmissions is one of the most common issues faced by boat owners and their insurance agents. It's important to review the partial losses section of your policy to understand the replacement cost and depreciated value.
Your boat insurance
may cover a broken engine if the problem is not related to a lack of maintenance or expected maintenance on your part.Insurance companies typically consider it the responsibility of the boat owner to keep their vessel in good working order. Some boat insurance policies may also cover the replacement of fishing gear and personal property, such as scuba gear, marine binoculars, or any item that is lost or stolen. It's important to note that the terms, definitions, and explanations provided here are for informational purposes only and do not replace or modify any definitions or information contained in individual policies. If you have an agreed value policy, your insurance company can repair or replace a newer engine without deducting depreciation.
It may also cover the replacement cost of personal property while on board or while being transported on or off an insured vessel. Collision coverage pays for damage to your boat, motor, trolling motor, trailer, and permanent and portable navigation equipment if you have an accident with another boat or object. Boat insurance generally doesn't cover general maintenance or wear and tear, including gradual wear and tear, damage caused by insects, mold, or damage caused by animals or marine life. So it's important to determine if a broken engine meets the requirements of your policy and if your boat insurance also covers similar damage, such as problems with the lower unit or the engine block.
When it comes to boat insurance coverage for motor damage, it's essential to understand what is covered by your policy. It's important to review the partial losses section of your policy to determine what type of coverage you have for engine damage. Additionally, some policies may cover the replacement of fishing gear and personal property while on board or being transported on or off an insured vessel. However, it's important to note that boat insurance generally doesn't cover general maintenance or wear and tear, including gradual wear and tear, damage caused by insects, mold, or damage caused by animals or marine life.
Therefore, it's essential to determine if a broken engine meets the requirements of your policy and if your boat insurance also covers similar damage such as problems with the lower unit or the engine block.
