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Personal Lines: Watercraft

Watercraft

Peace of Mind protection for your watercraft, including:

  • Liability
  • Uninsured Boaters
  • Crew Liability
  • Hull Coverage

  • Watercraft styles and sizes vary greatly from 22 foot sailing boats to 100 foot luxury yachts. No matter what your taste, whether it is to take a moonlit sail or to feel the wind in your face as you speed along in your powerboat, if you own a boat, you've made a substantial investment. Not all companies are equal when it comes to watercraft protection.

    In the event of a total loss, wouldn't you feel safer knowing you have a policy that will protect you adequately? Unfortunately, not all policies provide the coverages needed to put you back in the position you were in before the claim.

    Here are some highlights of the products that our companies offer that are not included on a typical watercraft policy::

  • Agreed Value coverage - most policies offer coverage on an Actual Cash Value basis, which is replacement cost minus depreciation. We offer Agreed Value coverage, which pays based on the Agreed amount stated in the policy. This could save you 10-15% on depreciation on your watercraft including motors.
  • Emergency lodging due to breakdown of your watercraft.
  • Towing and Labor costs.
  • Automatic coverage included for trailers up to $5,000.
  • Extended coverage for trips over 50 miles from the US Coast.
  • Coverage for Joint Ownership.
  • $5,000 built in loss assessment coverage for marina slip.

    * Please note that not all options are available on all policies. These are typical options that are available within the individual programs and are specific to each company.
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