As with other waterfront structures, docks are susceptible to the forces of nature. Each year, docks are exposed to various weather-related threats, including gales, intense rainfall, hurricanes, tornadoes, hail, and storms. The answer to Are docks covered by homeowners insurance is complex and varies depending on your policy and the circumstances surrounding the damage. Here is the detail of you question.
Does homeowners insurance cover docks
If you have a homeowner’s insurance policy in Florida, it will likely to covers docks unless your policy specifically excludes them. Normally, these policies include coverage for structures not connected to your house, like docks, up to 10% of your dwelling coverage. However, this coverage could have been reduced or eliminated altogether when you purchased the policy.
Here are some important things to remember about dock coverage:
- Coverage Exclusions: Your policy won’t cover losses caused by certain water-related events such as waves, tsunamis, or storm surges, regardless of whether rain caused them.
- Policy Type: Make sure to check if you have an HO-3 policy for homeowners.
- Coverage Amount: Double-check that the coverage amount (listed as Coverage B) is enough to protect your dock.
- Review Exclusions: Take a look at the exclusions section of your policy to see what’s not covered.
If you’re unsure about your dock coverage, it’s a good idea to get in touch with your insurance company and talk about your specific policy.
Does Boat Insurance Cover My Boat Dock?
Boat insurance policies do not cover boat docks. You must carefully evaluate your policy and requirements to ensure that you have the proper coverage to safeguard your investment.
Some insurance companies may also offer separate plans for boat docks and other structures on your property. These policies may offer more extensive coverage for your mooring and other structures, but they may be more expensive than adding additional coverage to your existing boat insurance policy.
Does flood insurance cover docks
Docks are generally not covered by flood insurance because flood insurance typically covers things that are stationary and under water. A dock, however, is standing over water. However, there might be some standalone policies that cover docks if they are damaged by moving waves.
Are docks covered by homeowners insurance | Conclusion
In summary, whether or not your dock is covered by homeowners insurance depends on the type of dock you have, the cause of the damage, and the coverage limits of your policy. It is always a good idea to review your policy or speak to your insurance agent to ensure you have the appropriate coverage for your dock.