Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

The Five Non‑Negotiable Coverages for Boat & RV Storage

28 Apr 2026 · 1 min

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In this segment, the presenter outlines the five essential, non‑negotiable insurance coverages required for boat and RV storage facilities. He emphasizes that Commercial General Liability (CGL) is the foundational policy, recommending a baseline of $1 million per occurrence and $2 million aggregate, especially for waterfront locations, and advises discussing higher limits for greater exposure. He then describes Commercial Property Insurance, which protects the physical structures, gate systems, lighting, and surface improvements, while noting that it excludes tenant‑owned vehicles, which must be covered separately. The speaker stresses the importance of understanding exactly what each policy covers and excludes, and of consulting a broker to ensure appropriate limits.

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Generally, you have 5 coverage types, and all 5 are non-negotiable. Here's what each one does and what's specific about boat and RV. Commercial general liability, CGL, is the foundation for any commercial property insurance program. It covers bodily injury and property damage claims arising from operations on your premises. $1 million per occurrence, $2 million aggregate is the starting point here near waterway facilities. With higher exposures should discuss higher limits with their broker. Commercial property insurance covers your physical structures and improvements, the gate system, the lighting, covered structures, surface improvements. This policy does not cover tenant vehicles. That's a separate coverage type. Make sure you understand exactly what your property policy covers and what it excludes.