Although no one wants to be involved in an accident boating can be a risky activity.
Boatus yacht policy. Whether you boat inland or coastally well insure your boat anywhere you cruise in the US. PI includes all of the required liability coverage bodily injury property damage wreck removal and coverage related to the US. Serviced by boating experts and backed by the nations second largest auto insurance company our.
Harbor Workers Longshoreman coverage provides compensation for dock workers who might be injured while temporarily working aboard the yacht. We agree to provide the insurance coverage described in this policy in return for your payment of the premium when due and full compliance by every insured with the terms conditions and warranties described in the policy. Yacht insurance policy can help you protect property liability and lives.
Our policy is backed by a highly respected underwriter and we have the ability to settle claims in-house. Agreed Hull Value Coverage. Longshore Harbor Workers Act and the Jones Act.
Broad Cruising Area. The coverage under the physical damage portion of the policy should be what is termed Agreed Value. In most instances a boat is classified as a vessel that is 26â² long or smaller and a yacht is 27â² and larger.
The industry standard yacht policy always includes whats termed Protection and Indemnity Liability or PI. Watercraft liability will cover expenses related to the injury of persons aboard the vessel as well as property damage to other boats Your boat motor electronics personal property and trailer will also be covered by a basic policy for things like collisions sinking fire or theft. This provides the boat owner with the assurance that if there is a total loss whatever value appears on their declarations page as the.
BoatUS and GEICO Marine have teamed up to bring boaters a great boat insurance policy at a great price. It includes liability coverage for bodily injury or damage to the property of others and. We are passionate about yachts and our policy provides peace of.