I am going through a claim with Foremost (Division of Farmers) as we speak. There is essentially two types of coverage on your boat, what they call the hull and personal property. Each category in my plan has a $500 deductable. Essentially, what it comes down to in my case with Foremost is, if you can take out of the boat it is personal property (coverage $1000). If it is attached to the boat (hull, engine, including stereo, marine equipment, upgrades such as towers) it is covered in the Hull categorty (coverage up to $40,000). From what I have learned over the last few months is that your tower is part of the hull and each insurance company is different in terms of the impact it will have on your rates. Since boating accidents happen less often than car accidents they are not quick to up your rates, but each case is handed seperately.
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