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Policy Information
We Have The Authority
We are dedicated to provide you with prompt efficient claim service. We are boaters, our claims adjusters are boaters, and as boaters we can relate to your claim problems. Claim settlements must be fair to everyone... fair to the person making the claim, and fair to the people paying the premiums. Paying too much is a wrong as paying too little.
Hull Coverages
We offer an "agreed to value" all risk policy, not an "actual cash value" policy. An "actual cash value" policy accounts for depreciation and is applied to both total and partial losses, with a total loss paid at no more than the depreciated book value.
An "agreed to value" policy gives an assurance of what you will be paid in the event of a total loss and a partial loss is paid with no consideration for depreciation except for sails, out board motors, machinery 10 years or older, canvas covers, cushions, or other specified exceptions.
No survey will be required for the first 10 years.
Liability Coverages
The protection and indemnity (liability) feature of a yacht policy provides broad coverage designed to shield you from the effects of maritime law. Unlike watercraft liability policies, designed for smaller boats, the P&I insurance provided with a yacht policy is much broader in scope. For example, it includes coverage for salvaging a damaged yacht and for your legal liability to remove a wreck. It also includes uninsured boater coverages.
Medical Payments
Without a deductible charge your policy will pay up to $5000 per person if someone receives an accidental bodily injury while in or upon boarding or leaving your yacht.
Optional Coverages
| *Bubbling for in-water lay-up periods. |
| *Liability coverage limits up to $1,000,000 for business owners and professionals. |
| *Claim Free Discounts for three consecutive years of claimes free operation. |
| *Towing and Assistance coverages with No Deductibles. |
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