A median of $304,300 in a town where households keep boats, trailers and recreational vehicles at home. What a homeowners policy does about all that is far less than owners assume.
A homeowners policy covers the house and its contents. Motorized equipment is largely outside it.
Three things about what is parked at the house.
Boats, personal watercraft, RVs and anything with an engine are excluded or severely limited on a homeowners form, whether they are on the water or on the drive. The house covers the house. Everything in the driveway generally needs its own policy, and owners routinely assume the opposite.
An unpowered trailer may fall under other structures or personal property depending on the form, usually at a modest limit. Gear stored in it, or in a detached garage, is covered at a reduced off-premises or other-structures figure rather than the full contents limit.
An injury caused by a boat or a recreational vehicle is generally outside homeowners liability regardless of where it happened. That means the most dangerous things a household owns are the ones the household policy is least willing to stand behind.
Everything on the lot that is not the house.
Each needs its own policy or a scheduled arrangement.
Covered at reduced limits if covered at all.
Usually not on the homeowners policy.
List what is kept at the property: boats, trailers, RVs and what each is worth.
