Typical broad exclusions include dishonest, intentional, and illegal acts, fraud, wars, seizures, and nuclear radiation. The marine exclusions include wear and tear, deterioration, corrosion, osmosis, electrolysis, or design defects. Check with your agent for a full list of exclusions that apply to your specific policy. During the lay-up period the vessel is out of commission and is not used for any boating activities. In New England, the typical lay-up period is from November 1st to April 1st.
Credits are available for longer lay-up periods.
For instance, a navigational warranty may limit navigation north of Cape Hatteras, North Carolina during the hurricane months of June 1st to November 1st. If a policy is written for a pleasure craft then it is subject to a pleasure use warranty which means the vessel may not be chartered. Charter endorsements are available to broaden coverage for commercial purposes. This is the liability portion of the marine policy. Protection and Indemnity will cover you if you are sued for negligence, causing damage to another vessel, or injury to an individual.