Boatsman® Policy Terms and Coverages
Physical Loss or Damage
The Boatsman Policy provides coverage against direct external physical loss or damage to an insured vessel in the coastal or inland waters of the Continental U.S., Alaska, Hawaii and Canada. Coverage includes protection for the insured vessel while afloat, on shore, or being transported, as well as reimbursement of salvage costs. Hull coverage is “agreed value” for total losses and replacement cost (with no depreciation) for most partial losses, subject to a deductible.
Liability
This coverage pays costs related to property damage or another person's injury or death that the insured is legally obligated to pay, arising from the ownership or use of the insured boat, including legal defense costs. Pollution and contamination coverage is also provided up to the Liability limit or $800,000 whichever is greater.
Medical Payments
Covers medical expenses up to $5,000 for a boat owner, guest or family member who is injured while on, boarding or leaving the covered boat (including waterskiing). The coverage limit applies on a “per person” basis.
Uninsured Boater Coverage
Covers damages resulting from bodily injuries received aboard the insured boat that its owner is legally entitled to recover from an uninsured owner or operator of another vessel. A coverage amount is included that is equal to the Liability limit subject to a maximum limit of $2,000,000.
Federal Longshoremen's and Harbor Workers' Compensation
Provides coverage (when Liability is purchased) for any liability the insured boat owner incurs under the jurisdiction of the Federal Longshoremen's and Harbor Workers' Compensation Act, during the term of the policy.
Personal Property Coverage
Covers fishing equipment and personal effects of the boat owner and family while aboard the boat and while being loaded and unloaded, subject to a $100 deductible. A basic limit of $2,500 is included and can be increased for an additional premium. A separate $2,500 fishing equipment limit is also available.
Towing & Assistance Coverage
Reimbursement for emergency commercial towing service up to $500, with no deductible.
Vessel Trailer Coverage
Provides coverage for loss or damage to the vessel’s trailer, subject to a $250 deductible.
*The information, material and descriptions contained herein are intended to be a summary in nature and only provide a general overview of the types of coverage and concerns boaters should consider when selecting insurance for their boat or yacht. Any description(s) of insurance coverage herein shall not amend, modify, replace, alter or otherwise change the terms, conditions, limits, provisions, exclusions or endorsements contained in any policy issued by us. Please consult your policy for precise terms, limits, exclusions and conditions. The description(s) and material(s) contained herein shall not provide a basis for a legal relationship between us and any potential or existing customer and gives no cause to anyone for claims, demands, assertions or other rights towards us, either on a contractual or a non-contractual basis. All rights reserved.
The availability of the Boatsman Policy may vary by state.
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