Do you have an Insurance Rider for your Fishing Gear???

[NCLaker]

It's a good idea to know what you have for tackle, last count I was over 600 on crankbaits - not including the muskie lures or rapalas in my trout vest, which I would guess would be about 75, not kidding. I also save all my receipts when I buy tackle. Think about what you have invested. I put an insurance rider on my boat policy and home to include my fishing gear just in case! I know it's an addiction, but you never know what there bitting on and the kids will want the same lure!

This quote is out of the Walleye-Pearch forum. May502's comment on insurance got me thinking. I don't have any special insurance on my fishing gear. With the $1000s in rods/reels/lures many of you fishstuffaholics have, it wouldn't suprise me if they required additional coverage. Kinda like what they do with jewelery and computer equipment.

(1) Do insurance companies have a cap on fishing equipment coverage?

(2) If it got stolen with your boat or out of your boat, would it be covered under boat coverage or home owners?

(3) Would a rider on your homeowners also cover your ice fishing stuff in addition to open water?

Losing your equipment would suck, but losing it and finding out it was not covered would really suck

[2thepointsetters]

I have $6000 extra insurance for gear on my boat. It was only an extra $40 on the policy. I had to document all the gear with photos. Well worth it if you ask me.

[eyeinsure]

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I would definetly insure your fishing equipment, the cost effectiveness is a no brainer.

[DonBo]

I'm with 2thepoint. I have 3G's on just my rods and tackle box.

A ryder tacked on to my boat insurance.

[Northlander]

I also have a policy that takes care of all my tackle if stolen or the boat sinks. Well worth the cost. I just took pics of all my sticks/cranks yesterday and I need to do all rods etc. Every time I buy a new graph, trolling motor or other big purchase I take a pic and save it on 2 disks.

[delmuts]

i carry $2000 on mine. i didn't have to document mine due to my agent is a buddy and he knows how much i have.

[Fish Fry Guy]

I too have extra for gear in the boat. As for ice fishing gear, a couple years ago my vehicle was stolen along with a bunch of gear within. Luckily, I took the vexilar, underwater camera, lures & rods in the house with me that night, but the theif got away with my fishtrap, heater, auger, tipups, lamp & misc. gear. Those items were covered under my homeowners policy. Big thing to point out is the deductable..... My deductable is $1,000 and the stuff in the stolen car was valued at just over $1,000, so it was really just a wash & more of a pain to re-purchase all of it. After that experience, I just don't leave it for chance anymore. All my main gear for the boat, electronics, trolling motor, etc are removed from the boat when not in use and I bring in all rods into the house. I don't even keep it in the garage since they often get broken into as well. Luckily my wife is great and "allows" me to keep my stuff in my fishing room down in the basement. All the loading & unloading to and from the boat is a pain, but at the end of the day I just don't want to have anything stolen. I live in the metro but grew up in rural MN. Back home growing up, we left all the gear in the boat all the time with no worry. Times have changed I guess. At the end of the day, insurance riders are very cheep considering the cost to replace all our fishing toys.

[harvey lee]

Yes, along with photo's of all my gear.

[Down Deep]

I've buy my boat insurance from a boat association The policy is underwritten by a major insurance company. The nice thing about this policy is that is designed for boat owners and is not just a menu item off a general agents list. I have a stated value policy. My policy will cover any loss up to a stated value. As an example if my boat is insured for $20,000 the policy will pay that amount if there is a total loss. Of course there are checks and balances on this coverages. The company is not going let you insure a row boat for $50K

For my contents I have a stated value which is 1/2 of my boat value. This is more than the contents so I won't have any problems with a claim. This company also provides insurance for boat towing, road calls and towing, and fuel spills, and higher personal injury protection than most menu companies. These are good coverage's to have if you ever need them.

[sweept]

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[Sandmannd]

Hmmmmm, now I have to call my insurance agent. I don't think I have enough coverage for all my toys. Does this type of coverage cover theft at all?

[tunrevir]

I have a rider for 40 a year that covers 5 grand. Should get me by in most instances if I ever need it. Might be cutting it close with all of my salmon gear and riggers though.

Tunrevir~

[harvey lee]

The only way to really know what you have for coverage would be to talk with your agent. All companies offer a different type package.

[Tom7227]

i carry $2000 on mine. i didn't have to document mine due to my agent is a buddy and he knows how much i have.

That won't mean jack when you are dealing with a claims rep 1000 miles away who doesn't know you or your agent. I'd take the pics.

One thing I do is to write the purchase data, retailer and $$ amount right on the manual, and for many other things write the purchase date on the item with a dry marker.

[harvey lee]

I agree Tom. I have many sales reciepts and a photo of every thing I believe. Once a year I like to update my photos. My father got all his gear stole in Canada one time including the boat. He told me it was almost impossible to remember everything he had in the tackle boxes and boat.

[WingDing2]

I found out the hard way...When I lived in a Apt. ago some years my garage was broken into and the thieves completly cleaned my boat out!! I thought insurance would cover it and I was wrong. They only covered the items that were fixed in the boat like the graph and trolling motor batteries. All my tackle, rods and loose gear was a cmplete loss. Just one of the rods w/reel was $300. I now have a rider that covers all of my gear, from tackle to life jackets. Make sure you ask for a rider!

[Northlander]

About 13 years back some a--holes burned down my garage and I lost all my outdoors stuff from mowers to boats. It was nearly impossible to remember everything and then I still forgot stuff. I had 2 years to remember these things. After that I was SOL.

[jigginjim]

I talked, with the insurance agent, to get all of my equipment covered.

[Pickelfarmer]

I just bought a boat this last spring and my insurance agent said that my extra stuff in my boat is automaticly covered on my boat.Up to $600.00. that should cover everything I keep in my boat.I HOPE.

[NCLaker]

PF, you may want to clarify what they mean by "on my boat". As Wingding2 mentioned his will cover things that are "fixed" to the boat (graph tolling motor) but not loose stuff like fighing rods & tackle.

[Pickelfarmer]

PF, you may want to clarify what they mean by "on my boat". As Wingding2 mentioned his will cover things that are "fixed" to the boat (graph tolling motor) but not loose stuff like fighing rods & tackle.

I did do just that. I called my agent this morning and he said that my policy covers $600.00 for things that are "FIXED" to my boat I.E. Graphs,Trolling motors, just as you stated. I asked him about my fishing gear its self (poles,tackel, even life vests) that kind of thing and he said that I pay extra for that coverage. I guess when we set up my police He asked me about it and I oppted to get only $500.00 for my equipment.(Call me cheap I guess) but my fishing gear is not high quality by any means so I think this will cover me. He says I pay about $3.50 extra a month for this coverage so I think thats not to bad. $600.00 seems kind of low though for graphs and trooling motors. I think I might call him back and see if I can get that raised a little.

[BobT]

This might be a silly questions but what about the outboard? Is that part of the "fixed" parts and if so, $600 definitely won't cover.

Bob

[NCLaker]

For my boat, they asked for the make, model, Serial number when they wrote up the policy. So it did cover the OB motor as part of the policy. Your agent should also ask about your trailer if they are doing their job.

If your agent does not ask for this information on your OB, you should clarify coverage - for most boats that is were most of the money is.

[Pleasant]

Yes