Watercraft Insurance Options
Bodily Injury and Property Damage Liability (BI/PD) - Bodily Injury and Property
Damage Liability coverage covers your legal liability for an accident
where there is damage or injury to someone or something else, up
to the limit of liability selected. Your insurance company pays for
the cost to replace or repair damaged property, the medical bills
and wage loss incurred by an injured person and other damages you
are legally obligated to pay as the result of an accident. BI/PD
limits are available up to $500,000 Combined Single Limits (CSL).
Uninsured Boater
Uninsured Boater Bodily Injury coverage pays for medical treatment, wage loss
and other damages you would have received from the other person's insurance company,
had they been insured. Damages are covered up to the limit of coverage you select.
Medical Payments
Medical Payments coverage covers the cost of necessary medical care provided
to you as a result of a boating accident and applies regardless of who is at
fault. Covered people include those in your boat and the named policyholder.
Medical Payments also will pay for injuries caused while water skiing or tubing.
In some states, this coverage applies only after other medical insurance is exhausted.
Comprehensive and Collision
Comprehensive and Collision coverages pay for the cost to repair or replace your
boat if it is stolen or damaged in a covered loss, regardless of who is at fault.
You share in this cost by paying a deductible.
Collision coverage pays for damage caused to your boat when it collides with
another vehicle or object.
Comprehensive coverage pays for damage to your boat caused by an event other
than a collision, such as fire, theft or vandalism.
Actual Cash Value – base policy that pays the market value of your boat
at the time off loss.
Agreed Value – pays the value of your boat that you select at the start
of your policy, regardless of the current market value.
Total Loss Replacement Cost – pays for replacement of your boat with
the newest model if your boat is declared a total loss within its first five
model years.
Replacement Cost Personal Effects - This coverage pays for loss of, or damage
to, personal effects while on board an insured boat or while being carried on
or
off an insured boat. This coverage
is available for all boats and personal watercraft.
On-Water Towing and Labor Coverage Service - This pays for towing
and labor costs up to $1,000 per occurrence. You choose from three
available limit options: $300, $500 or $1,000.
Labor coverage applies when it is performed at the time and place
of disablement, while the boat is in the water. This is a reimbursement
coverage.
Roadside Assistance - Roadside Assistance coverage provides towing
to the nearest qualified repair facility and covers necessary labor
at the time and place
of disablement when the tow vehicle or boat trailer is disabled
due to any of the following:
- Mechanical or electrical breakdown
- Battery failure
- Insufficient supply of fuel, oil, water or other
fluids
- Flat tire
- Lockout
- Entrapment in snow, mud, water or sand within 100 feet
of the roadway.
This coverage extends to the tow vehicle while transporting
the insured
boat/PWC, even if the tow vehicle is insured with another insurance
company.
Fishing Equipment - This coverage pays for loss or damage to
fishing equipment while on board an insured boat or while being
carried
on or off an
insured boat. It provides up to $10,000 of coverage, with a $100
deductible for each loss, and it pays up to $1,000 for damage
or loss to any one item. Theft must be supported by visible evidence
of forcible entry. A tackle box is considered one item regardless
of the number of lures, hooks, baits and other items stored in
the container.
Fuel Spill Liability - BI/PD Liability coverage includes Fuel Spill
Liability coverage for unintentional oil or fuel spills that result
in bodily injury or
property damage for which you are legally responsible because of
an accident arising out of the ownership, maintenance or use of your
insured boat.
Please Note: These insurance coverage descriptions
are intended only as a guideline. All
terms and coverages are defined solely by your policy.
Companies We Represent
Progressive Insurance
and other fine insurance companies
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