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SPECIALIZED COVERAGES
We've responded to the needs of our Boat and
Personal Watercraft policyholders by offering enhanced coverages.
Our coverages, often featuring the highest limits offered
in the industry, are more unique, comprehensive and encompass
more risks, protecting you 24 hours a day.
AGREED VALUE COVERAGE
Our EXPANDED Agreed Value Coverage pays the
Purchase Price in the event of a total loss regardless of
the Actual Cash Value. On partial losses, there is no depreciation
except on: outdrive units or outboard motors greater than
five years old, batteries, sails, plastic and canvas coverings.
For boats two years old or less, the sales receipt will serve
as the Rating Base. If a sales receipt is unavailable, the
Rating Base may be determined by referring to a BUC or ABOS
guide. The Rating Base must be updated every three years by
either a new marine survey or by referring to the BUC or ABOS
guide. (Coverage Not Available for Personal Watercraft)
TOTAL LOSS REPLACEMENT
Our UNIQUE Total Loss Replacement Coverage
is available on new boats purchased within the preceding 13
months. In the event of a total loss, this coverage replaces
the current boat with a new boat that is, to the extent possible,
the same make and model, and which contains comparable equipment.
If the boat is not available, then a comparable model will be
substituted for boats five model years old or less. For boats
over five model years old, we will pay the Rating Base. (Coverage
not available for personal watercraft.)"
ACTUAL CASH VALUE COVERAGE
Actual Cash Value is the most economical choice
when it comes to insuring a boat or personal watercraft. The
Actual Cash Value is determined by the market value, age and
condition of the watercraft at the time of the loss. In the
event of a total loss, this coverage will pay the lower of
the Actual Cash Value or the Rating Base.
DIMINISHING DEDUCTIBLES
(Included with Agreed Value & Total Loss
Replacement Coverages) Diminishing Deductibles is included
at no extra charge with Agreed Value and Total Loss Replacement
Coverages. Diminishing Deductibles provides a reduction of
twenty-five percent (25%) in Comprehensive and Collision deductibles
for each claim-free renewal period. When the fourth consecutive
claim-free renewal period is reached, there will be no deductible.
Deductibles return to their original amounts when a Comprehensive
or Collision claim is paid. Any type of non deductible related
claim (e.g., Liability, Roadside Assistance, etc.) does not
affect the diminishing deductible level. (Coverage Not Available
for Personal Watercraft)
REPLACEMENT COST FISHING EQUIPMENT
This coverage pays for damage to fishing equipment
while on board an insured watercraft or while being carried
on or off an insured watercraft. It provides $2,500 coverage,
one of the highest limits available in the industry, with
a $250 deductible for each loss due to theft and pays up to
$250 for damage or loss to any one item, except for electronic
equipment for which the maximum limit is $500. (Coverage Not
Available for Personal Watercraft)
REPLACEMENT COST PERSONAL EFFECTS
This coverage pays for loss of, or damage to,
personal property while on board an insured watercraft or
while being carried on or off an insured watercraft. This
coverage is available for all watercraft, including PWC’s.
Examples of personal effects include clothes, portable radios,
CD players and cameras. The limit for loss to all fishing
equipment under this coverage is $300. Additional coverage
for fishing equipment may be purchased separately under Replacement
Cost Fishing Equipment coverage. Personal effects does not
include permanent equipment or portable boating equipment.
Coverage is available up to $5,000. There is a $100 deductible
for theft.
ROADSIDE ASSISTANCE
Roadside Assistance coverage provides towing
to the nearest qualified repair facility, and necessary labor
at the time and place of disablement, when the tow vehicle
or watercraft trailer is disabled due to: mechanical or electrical
breakdown, dead battery, flat tire, lockout, insufficient
supply of fuel, oil, water or other fluids, or entrapment
in snow, mud, water or sand within 100 feet of the roadway.
This coverage extends to the tow vehicle, while
transporting the watercraft, even if the tow vehicle is insured
with another insurance company!
This service is ”Sign and Drive,”
meaning no out-of-pocket expenses are required; all the policyholder
has to do is sign the receipt and they’re back on their
way. Immediate roadside assistance can be obtained 24 hours
a day, 7 days a week, anywhere in the US or Canada. Roadside
Assistance coverage is included with Full Coverage policies
for Pleasure Boats and PWC’s with trailers—for
no extra premium!
ON WATER TOWING AND EMERGENCY SERVICE
This coverage provides on-water towing and other
emergency services in the event the policyholder’s insured
boat becomes disabled while in the water. Available coverage
options: $300, $500 or $1,000 per occurrence. No deductible
applies. (Coverage Not Available for Personal Watercraft)
MEDICAL PAYMENTS
This coverage pays for injury to a covered person
while in the boat, riding a personal watercraft, or water-skiing.
No deductible applies.
UNINSURED BOATERS
Pays a covered person occupying a boat or personal
watercraft for bodily injuries caused by the owner or operator
of an uninsured boat or personal watercraft.
FUEL SPILL LIABILITY COVERAGE
(Included with Liability Coverage) Progressive’s
Liability Coverage includes coverage for unintentional oil
or fuel spills that result in bodily injury or property damage
and that the insured becomes legally responsible for because
of an accident arising out of the ownership, maintenance,
or use of the insured watercraft. The limit of coverage is
based on the liability limits selected by the insured.
WRECKAGE REMOVAL COVERAGE
(Included with Comprehensive & Collision
Coverages) Progressive will pay reasonable costs incurred
by the insured for any attempted raising, removal or destruction
of the wreckage of an insured watercraft resulting from any
loss for which Comprehensive and Collision Coverages are provided.
The limit of liability varies based on whether or not the
insured is legally required to raise, remove or destroy the
watercraft. See policy contract for details.
NAVIGATIONAL AREA
The policy provides coverage for navigation
of all inland lakes, rivers and navigable waterways of the continental
US and Canada including ocean water 50 miles or less from the
coast of either the US or Canada. It does not include the territory
or territorial waters of any country other than the US or Canada.
*These descriptions do not consitute a contract. Your policy
is your contract please read it carefully.
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