As a regional company, Red Shield Insurance Company understands the unique hazards associated with living on the water. We have been writing coverage for floating homes for over 25 years, and while the complexity of the floating home community has changed, our dedication and ability to evaluate each risk on its own merits have remained constant.

Our Marine Broad Form is customized to offer broad coverages, including “Perils of the Sea;” flood, wave wash, stranding and sinking. To maintain flexibility in our underwriting we’ve also developed a Marine Basic Form for floating property which does not qualify for the Marine Broad Form program. The Basic form allows us to insure older floating homes, boathouses and rental floating homes which other companies generally will not write.

Marine Broad Form Policy Overview:

Eligible Risks

  • Owner Occupied Floating Homes 30 years old or newer (1)
  • Personal Property for Tenants
  • Homeowners Secondary Residences (theft exclusion applies to contents)

Coverage Includes

  • Floating Home (2)
  • Other Structures — 10% of Floating Home limit automatically included
  • Personal Property — 50% of Floating Home limit automatically included
  • Accidental Direct Physical Loss (3), including Perils of the Sea and Flood
  • Replacement Cost Coverage of Floating Home
  • Named Perils, actual cash value on personal property coverage
  • Coverage for sinking or partial sinking

Additional Coverages Included

  • Flotation Material — 5%
  • Debris Removal — 10%
  • Sue and Labor
  • Trees, Shrubs and Other Plants
  • Fire Department Service Charge
  • Property Removed
  • Reasonable Repairs
  • Glass
  • Collapse
  • Rebuild at Another Location

Optional Coverages

  • Replacement Cost for Personal Property
  • Replacement Cost for Other Structures
  • Loss of Use
  • Personal Injury
  • Additional Residences Rented to Others
  • Liability Extension for Secondary Residence
  • Earthquake (California ONLY)

Personal or Premises Liability

  • Up to $1,000,000 limits
  • $5,000 Medical Payments (to others) included

Special Limits For

  • Money and Securities
  • Watercraft and Trailers
  • Silverware and Jewelry
  • Antiques, Fine Arts and Memorabilia
  • Firearms
  • Computers
  • Incidental Business Property
  • Cameras / Video Cameras
  • Property of Students
  • Theft of Property from any Motor Vehicle
  • Property away from Floating Home
  • Higher Limits Available

Enhancement Endorsement

  • Expanded Coverage for Damage to Floating Home
  • Debris Removal — Limitation of 10% deleted
  • Ordinance or Law — 10% of Coverage A
  • Movement of Floating Home — $10,000 Limit
  • Additional Living Expense — $10,000 Limit
  • Damage Caused by Named Animals — $5,000 Limit
  • Moorage Fee — $5,000 Limit

Marine Basic Form

Written for Floating Homes that do not qualify for the Broad Form and Boathouses.

For Floating Property Policies through Red Shield Insurance Company® contact your local independent agent.

A signed application is required for policy issuance. Please download and complete our Floating Property Application.

1 Floating homes over 30 years old can still qualify for Marine Broad Form program if electrical, plumbing and roof have all been updated in the last 30 years.
2 A Marine Survey is required for Fiberglass, Metal Barrels and Pontoon Type Flotations.
3 Accidental Direct Physical Loss including “Perils of the Sea” unless specifically excluded in the policy.

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