Agreed Value Hull & Equipment
This coverage pays the agreed value for your boat as described on your declarations page if your boat is declared a total loss. For partial losses, there is no deduction for depreciation except for machinery inside the boat over five (5) years old, sails, protective covers of any type, batteries and outboard motors.
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Deductible Options
Deductible options available are 1% (min. $250), 2% (min. $500) or 4% (min. $1,000) of the hull value.
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Watercraft Liability
This coverage will pay damages for bodily injury or property damage for which you are legally liable through ownership, maintenance, or use (including while partaking in watersports activities) of your boat. Limits available range from $25,000 - $1,000,000.
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Medical Payments
This excess coverage (after any other medical coverage) will pay the cost of necessary medical treatments resulting from an accident causing bodily injury to any person while in, upon, boarding or leaving your insured boat. $5,000 Medical Payments coverage is included at no charge with every policy.
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Towing
This coverage (included at no charge) will reimburse the reasonable costs you may incur, not to exceed an annual aggregate of $500, resulting from the following services to your boat if help is not available and you must obtain commercial assistance:
- Towing to the nearest place where necessary repairs can be made.
- Delivery of gas, oil, parts or loaned battery (excluding the cost of the items themselves) or emergency labor, while away from safe harbor.
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Uninsured Boater
This coverage will pay damages you are legally entitled to receive from an uninsured owner or operator of a watercraft, other than your watercraft, if bodily injury results from an accident to you while aboard your watercraft. Liability must arise out of the ownership, maintenance or use of an uninsured watercraft. $25,000 Uninsured Boater coverage is included at no charge with every policy, with the option to purchase coverage up to $300,000.
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Personal Effects
This coverage may be purchased to protect the contents that you keep on the boat. This coverage is excess to any other valid and collectible insurance. Some examples of personal effects are:
- Camera
- Binoculars
- Water skis
- Personal Floatation Devices
$1,000 of Personal Effects coverage is included at no charge, with the option to purchase up to an additional $1,500 of coverage. This coverage is subject to a $250 deductible.
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Pollution Liability (optional)
This coverage will pay on your behalf those reasonable costs and expenses, up to $500,000, resulting from unintentional spillage of a contaminant from the insured vessel. Please see your policy endorsement for specific details.
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Fishing Equipment (optional)
This coverage provides protection up to a maximum of $2,500 for covered fishing equipment. The maximum amount that will be paid per item is $250, except for electronic devices, where the maximum amount that will be paid per unit is $500. All losses under this endorsement are subject to a $250 deductible per occurrence.
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