Notable watercraft insurance coverage features
Agreed value provides certainty
In the event of a covered total loss, we’ll pay the agreed value listed on your watercraft policy without a deductible,1 and for most losses, we’ll pay for repairs without subtracting depreciation.2
In the event of a covered total loss, we’ll pay the agreed value listed on your watercraft policy without a deductible,1 and for most losses, we’ll pay for repairs without subtracting depreciation.2
Coverage for tenders & personal items
Coverage for tenders is automatically included in your policy. And if your personal property or fishing equipment is damaged or stolen, we will pay to replace it, up to the agreed upon limit.
Coverage for tenders is automatically included in your policy. And if your personal property or fishing equipment is damaged or stolen, we will pay to replace it, up to the agreed upon limit.
Emergency towing and assistance
If your watercraft becomes disabled, we will pay for emergency towing and assistance, including the delivery of fuel or necessary parts when your yacht is disabled. There is no deductible for this coverage.
If your watercraft becomes disabled, we will pay for emergency towing and assistance, including the delivery of fuel or necessary parts when your yacht is disabled. There is no deductible for this coverage.
Coverage for damage while on land
If your vessel is damaged while being transported, during dry-docking or while undergoing maintenance at a marina, we will pay to repair it up to the limit on your watercraft insurance policy.
If your vessel is damaged while being transported, during dry-docking or while undergoing maintenance at a marina, we will pay to repair it up to the limit on your watercraft insurance policy.
Use of temporary substitute watercraft
If your watercraft is damaged due to a covered loss and is out of use for more than 14 days, we will pay reasonable expenses up to $1,500 per day for a similar temporary watercraft for up to 7 days.
If your watercraft is damaged due to a covered loss and is out of use for more than 14 days, we will pay reasonable expenses up to $1,500 per day for a similar temporary watercraft for up to 7 days.
Hurricane haul out & storage
If a severe storm, tidal surge or fire threatens your watercraft, we’ll reimburse you for haul-out and storage expenses, up to the limit on your policy.
If a severe storm, tidal surge or fire threatens your watercraft, we’ll reimburse you for haul-out and storage expenses, up to the limit on your policy.
Liability protection
If you are sued or held liable for an incident involving your vessel, we provide coverage for legal defense costs, damages, pollution clean-up and containment, wreck removal and Jones Act coverage for paid crew.
If you are sued or held liable for an incident involving your vessel, we provide coverage for legal defense costs, damages, pollution clean-up and containment, wreck removal and Jones Act coverage for paid crew.
Coverage for search & rescue
If you or one of your passengers are lost at sea, we will cover up to $25,000 for search and rescue operations from a government entity.
If you or one of your passengers are lost at sea, we will cover up to $25,000 for search and rescue operations from a government entity.
Marina as an additional insured
The marina or yacht club where your vessel is docked, moored or stored is included on your policy as an additional insured.
The marina or yacht club where your vessel is docked, moored or stored is included on your policy as an additional insured.
Medical payments & uninsured boater coverage
If one of your passengers is injured on your vessel or in an accident involving an uninsured vessel, your policy includes coverage for medical expenses.
If one of your passengers is injured on your vessel or in an accident involving an uninsured vessel, your policy includes coverage for medical expenses.
Occasional charter coverage
Coverage for occasional boat charter is available by endorsement and includes loss of charter hire income.
Coverage for occasional boat charter is available by endorsement and includes loss of charter hire income.
1. A Named Storm Deductible may still apply if damage is caused by a hurricane, tropical storm or other named storm. 2. Outboard motors, batteries, sails, fabric and protective covers are depreciated if over three years old.
Thoughtful service, proactive support
A proactive approach to risk management
As part of your boat insurance coverage, our team can provide advice on hull inspections, help find qualified hurricane shelters, assist with background checks on crew members and provide guidance on a hurricane or severe weather plan.
As part of your boat insurance coverage, our team can provide advice on hull inspections, help find qualified hurricane shelters, assist with background checks on crew members and provide guidance on a hurricane or severe weather plan.
Claims service that exceeds your expectations
In the unfortunate event that you experience a claim, our adjusters will work directly with you and do their best to deliver a hassle-free claims experience with speed, professionalism and compassion. Your adjuster or Member Advocate will also provide support throughout your claim to help locate another vessel for you to use while yours is being repaired, research surveyors and repair shops and replace lost items.
In the unfortunate event that you experience a claim, our adjusters will work directly with you and do their best to deliver a hassle-free claims experience with speed, professionalism and compassion. Your adjuster or Member Advocate will also provide support throughout your claim to help locate another vessel for you to use while yours is being repaired, research surveyors and repair shops and replace lost items.
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