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:
●
Airboats
●
Catamarans
●
Cruisers
●
High Performance Vees
●
Homemade or Kit Boats
●
Hovercrafts
●
Inflatables
●
Manuals
●
Mini sports
●
Pontoon/ Tritoon
●
Runabout
●
Sailboats
●
Sportfish
●
Walleyes
●
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
●
Homeowner
●
Mature operator
●
Married
●
Multi-unit
●
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.
