Set Sail Worry-Free with Small Boat Coverage from Markel and NYCM Insurance Agency, Inc. - NYCM Insurance Blog

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May 19, 2021

Set Sail Worry-Free with Small Boat Coverage from Markel and NYCM Insurance Agency, Inc.

With boat season right around the corner, we know that many people are anxious to get out on the water. We are excited to set sail on expanding our partnership with Markel to offer small watercraft coverage! Continue reading to learn more about this exciting new coverage option!


What Types of Boats Are Covered?

The Markel Small Boat Program is designed to cover watercraft up to 26 feet long.  This product line is open to a large variety of boats, and offers very competitive rates for the following types of watercraft:




      High Performance Vees

      Homemade or Kit Boats




      Mini sports

      Pontoon/ Tritoon





      Personal Watercraft (PWC)


What Does the Coverage Include?

This small boat product line offers distinct advantages when it comes to coverage features, options, and expertise which ensures that customers are well protected. Whether it be an older watercraft, something more unique or something brand new - coverage can be tailored to accommodate risks that are otherwise hard to place.

Program coverage features include:

      Hull and equipment coverage

      Replacement cost, agreed value or actual cash value settlements

      Deductible waived for most total losses

      Diminishing deductible (25%) for each loss - free term, down to $100

      Broad navigation

      No lay-up restrictions

      Wreck removal

      Consequential damage coverage

      Ice and freezing damage coverage

      Non-owned coverage

      Ultimate drive coverage

   Optional coverage

   Payments to repair/replace drive in the event of a mechanical breakdown due to wear and tear or defect

      Watercraft liability to $1,000,000

      Uninsured watercraft equal to limit of liability up to $500K

      Personal effects coverage

      Pollution liability


What Sort of Discounts Are Available?

We know when shopping for insurance, every dollar counts. While your insurance agent should be able to provide you with a comprehensive list of discounts that you may qualify for, here is a snapshot of what discounts are available in this program:

      Experienced boater


      Mature operator



      Outboard propulsion


Why Choose This Product Line?

If a tailored experience and impeccable customer service is a priority, this may be the best option for you!  Markel’s dedicated underwriting and claims teams specialize in watercraft coverage making it easier to provide prompt, responsive service. If you have a boat that is uncommon or otherwise hard to find coverage for, this product line can offer creative solutions for your unique situation. Flexible payment options, and eco-friendly document delivery seal the deal!


So, How Do You Get Covered?

With some of the best coverage in the marketplace, a knowledgeable claims and underwriting staff, top-notch service, and longevity in the industry, Markel is happy to introduce their marine insurance source. If you live in the state of New York and are looking for small boat coverage, click the button below to find a trusted NYCM Insurance agent.