Your boat represents a significant investment, but it’s not just the hull you need to worry about. All those electronics, fishing gear, and accessories can add up to thousands of dollars. At Tim Huber Insurance in St. Augustine, FL, we help boat and watercraft owners understand how their coverage protects against theft of valuable equipment.

What Does Your Policy Cover?

Most boat insurance policies include coverage for permanently attached equipment, such as GPS units, fish finders, and radio systems. This coverage typically applies to items that are bolted down or hardwired into your electrical system. However, the definition of "permanently attached" can vary between insurers, so it’s important to review your specific policy language.

Personal property coverage is another key component. This protects removable items like fishing rods, tackle boxes, life jackets, and portable electronics. Many policies set limits on personal property coverage, often around 10% of your boat’s insured value.

Understanding Policy Limitations

Here’s where things can get complicated. Many policies only cover theft when there is evidence of a break-in, such as signs of forced entry. If someone takes your unsecured fishing gear while you’re grabbing lunch, you might not be covered. Some insurers also exclude coverage for theft of items left in open areas, such as on deck or in unlocked compartments.

High-value electronics often require special consideration. For example, a $5,000 fish finder might exceed your standard limits, necessitating additional coverage or a scheduled item endorsement.

How to Protect Your Investment

The best strategy combines proper insurance with smart security practices. Document your equipment with photos and serial numbers, use locks, and consider removing valuable portable items when leaving your boat unattended.

Tim Huber Insurance in St. Augustine, FL, can review your current coverage and help ensure your valuable boat equipment is properly protected.