@Matt Jones Here are the exclusions that have been copied and pasted from the carrier's policy.
EXCLUSIONS
We will not pay for:
1. Loss caused by your or a family member’s intentional act.
2. Loss to your covered watercraft which occurs while it is:
a. rented to others;
b. used to carry people or property for a fee;
c. used for any business pursuit; or
d. used in any illegal transportation or trade.
3. Damage caused by or resulting from:
a. wear and tear;
b. smog, humidity, mildew and mold;
c. gradual deterioration of any kind, including, but not limited to, weathering, rust, corrosion, mold infestation or rot;
d. dock rash, marring or scratching; or
e. mechanical, electrical or structural breakdown or failure.
This exclusion (3.) does not apply if the damage results from the total theft of your covered watercraft. Damage caused by or resulting from freezing, thawing and extremes of temperature is covered, but only up to a limit of $500.
4. Damage caused by any manufacturing or latent defect. However, any resulting loss or damage will be covered.
5. Loss due to or as a consequence of:
a. discharge of any nuclear weapon (even if accidental);
b. war (declared or undeclared);
c. civil war;
d. insurrection; or
e. rebellion or revolution.
6. Loss from or as a consequence of the following, whether controlled or uncontrolled or however caused:
a. nuclear reaction;
b. radiation; or
c. radioactive contamination.
7. Loss due to destruction or confiscation by governmental or civil authorities because you or any family member engaged in illegal activities.
8. Loss due to theft, attempted theft or conversion of your covered watercraft:
a. by you, a family member, or any resident of your household;
b. prior to its delivery to you or a family member; or
c. while in the care, custody or control of anyone engaged in the business of selling your covered watercraft.
9. Loss to your covered watercraft resulting from any pre-arranged or organized racing, speed or demolition contest, stunting activity or in practice or preparation for any such contest or activity.
However, this exclusion does not apply to the use of a sailboat in any prearranged or organized racing or speed contest, or in practice preparation for any such contest.
10. Loss sustained while your covered watercraft is used as a permanent or primary residence.
11. Loss to your covered watercraft for diminution of value.
12. Damage caused by insects, animal, vermin, rodents or marine life, other than an impact loss to your covered watercraft.
13. Damage that occurs because your covered watercraft is not in seaworthy condition.
