AAIS BOATOWNER COVERAGE FORM ELIGIBILITY

(July 2024)

Eligible boats are those with a length no greater than 30 feet, manufactured within the last 20 years, have a maximum value of $75,000, and with maximum operating speed of 50 mph.

Ineligibility, besides boats that fall outside of the criteria above and other situations that fail to qualify for coverage under the boatowner program, includes machines that can also travel on land, air powered (including hover) craft, homemade boats, any boats operated with a home-built or converted auto engine, and boats used as a regular residence.

There are other ineligible situations include sailboards, craft used in business activity, converted military crafts, experimental crafts, hydrofoils, hydroplanes, ice boats, boats used in racing/competitive/stunt activities, and craft that operate underwater.

Example: Chelsea are Lora are sisters who own a powerboat which they use at Lake Leisure Resort. In the summer, the resort is notorious for boating parties. They found a lucrative side hustle. For the last couple of seasons, they have operated “Party Favors,” a service in which they make the rounds of the lake, delivering orders of food and package alcohol. This is an ineligible business use of their boat!