What it does
The homeowners forms cover only small watercraft (in the 05 11 edition, for example, sailboats under 26 feet and outboard power of 25 horsepower or less, with exceptions). This endorsement schedules other owned or rented watercraft for liability.
Who needs it
Recreational boat owners who want liability on the homeowners policy instead of a boat policy.
Quoting and selling notes
- A boat or yacht policy also covers hull and medical payments; business use (charters) is excluded.
Editions and availability
Editions in use and where they apply: 03 22 (40 jurisdictions); 10 00 (12 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, PR, TX, VI, WA).
Section II changes affect umbrella placement. The ISO personal umbrella (DL 98 01) needs its own excess endorsements for business pursuits, home business, home day care and home-sharing exposures, so confirm the umbrella responds before relying on a homeowners endorsement for a business-type exposure.
