Boat Owners Insurance

Replaces total losses with the latest model (new-for-old) or, if not available, a comparable model. Available on new personal watercraft purchased within the preceding 13 months. Once the coverage is purchased, it can remain in place through the 10th model year. For personal watercraft 5 model years old or less at the time of a total loss, the insurance company will replace the personal watercraft with the latest model, or if not available, a comparable model. For personal watercraft older than 5 model years at the time of a total loss, the insurance company will pay the purchase price.

Uninsured Personal Watercraft Bodily Injury Coverage pays for medical treatment, wage loss, and other damages sustained as a result of a personal watercraft accident where the liable boater does not have liability coverage.

The Actual Cash Value option is the most economical choice when it comes to insuring a personal watercraft. The Actual Cash Value is determined by the market value, age and condition of the personal watercraft at the time of the loss.

This coverage is included at no extra charge along with Total Loss Replacement and Agreed Value. Disappearing Deductibles provides a reduction of 25% in Comprehensive and Collision deductibles for each claim-free renewal period. When the fourth consecutive claim-free renewal period is reached, your deductible diminishes to $0. If a Comprehensive or Collision claim is paid, deductibles are reset to the selected level.

Pays for towing and labor costs on a reimbursement basis up to $1,000 per occurrence. You choose from the three available limit options: $300, $500 or $1,000. The labor coverage applies when it is performed at the time and place of disablement, while the personal watercraft is in the water.

In the event of a total loss, our expanded Agreed Value guarantee pays you the amount originally spent for the watercraft or the appraised value, with no deduction for depreciation and no deductible.