Hurricane Haul-out Coverage – what is it?

Hurricane Haul-out coverage reimburses some or all of the expense of having the boat hauled in the event of a hurricane, tropical storm or tropical depression. Most insurance companies automatically include the coverage, some add the coverage by endorsement for an additional premium and others do not provide the coverage. Typically the coverage states that if a named storm is predicted to hit your area within a specific time period, the insurance company will reimburse you to have the vessel hauled out of the water. This coverage usually can not exceed a specific dollar amount and some companies will share in the cost versus paying the total cost.