Is Your Boat Covered by Your Homeowners Policy?
Find out when, and how much, homeowners insurance covers your boat.
Q. I recently purchased a 20-foot pontoon boat with a 50-horsepower (HP) engine for $10,000. I have auto and homeowners policies with MetLife Auto & Home. What kind of coverage do you offer for my boat?
A. Here’s the bottom line: You’re underinsured. Most auto policies provide zero boat coverage—after all, they’re intended to cover vehicles that travel on dry land. Your homeowners policy provides liability coverage because your pontoon has only 50 HP. (Boats with 51 HP or more and sailboats over 31 feet are excluded from coverage under a homeowners policy.) Your homeowners policy provides $1,500 for watercraft, but that’s not enough for your $10,000 boat.
A separate boatowners insurance policy from MetLife Auto & Home ®will not only give you adequate liability and physical damage coverage, but also covers your family’s medical payments if they were injured while using your boat.
Learn more about boat insurance from MetLife Auto & Home.