How to Document Your Boat and Equipment for Insurance Purposes

Documenting your boat and equipment is a crucial step in securing boat insurance coverage. Whether you’re a seasoned sailor or a weekend enthusiast, having detailed records can make all the difference in the event of a claim.

How to Insure Your Boat Properly

The following steps can help insure your boat properly:

1. Create an Inventory list. Start by making a detailed inventory of all equipment on your boat. Include items such as electronics, fishing gear, safety equipment and personal belongings. Note the make, model, serial numbers and purchase dates. This list will be invaluable in case of a claim.
2. Take photographs and videos. Visual documentation is essential. Take clear, high-resolution photos and videos of your boat and equipment from various angles. Capture any identifying marks or features. This visual evidence can help substantiate your claims and provide proof of ownership.
3. Gather purchase receipts and ownership documents. Collect all purchase receipts, bills of sale and ownership documents. These should include information about the seller, purchase price and date of acquisition. Keep these documents organized and easily accessible.
4. Record maintenance and upgrades. Maintain a log of all maintenance and upgrades performed on your boat and equipment. Include dates, descriptions of work done and receipts. This record demonstrates that your boat is well-maintained and can affect the valuation during a claim.
5. Store documents securely. Store all documentation in a safe place, such as a waterproof container on your boat and digital copies in cloud storage. This can help you access your documents even if physical copies are damaged or lost.
6. Review and update regularly. Review and update your documentation regularly. Add new equipment, remove items no longer on board and update maintenance logs. Keeping your records current can help maintain accurate insurance coverage.

Learn More

For boat insurance near you, contact Gamecock Insurance Agency.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.