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Yacht and Boat Insurance
Watercraft InsuranceWe provide insurance for many kinds of pleasure craft ? sail and power, inboard or inboard/outdrive. As a general rule, we insure powerboats and sailboats up to 40 feet. We also have a special policy for outboard boats under 18 feet with an outboard engine less than 90 hp and total value under $15,000 . Some insurance companies tempt you to do without Machinery Coverage by offering it as an extra-cost option. Small boats or tenders used to service your watercraft are now automatically covered, subject to certain length, value and hp limitations. Your Unattached Equipment is automatically insured up to 10% of hull value (or $100, whichever is greater). If you need a higher limit you can choose an Additional Unattached Equipment endorsement with a separate deductible. Your personal effects are covered up to $250 if your watercraft is upset or collides with another object. Your watercraft is still fully covered when it's hauled out. Broad Form Liability Coverage protects your financial and property assets if the operation of your watercraft causes injury or property damage to others. Whether you cruise the Atlantic or Pacific coasts, or inland waters anywhere between, Safeco protection sails with you ? up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico . Even when you haul your boat out of the water, it's still protected. Some insurers limit Towing Coverage to as little as $50. . Medical Payments insurance, including coverage for water skiers, protects friends and family you welcome aboard. Coverage for your watercraft Trailer can be included, with a separate deductible. Ask your agent how a Personal Liability Umbrella policy can provide you up to $1 million or more of additional liability coverage.
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