Protecting boaters and their vessels, whether they are 20 or 200 feet in length, requires sophisticated knowledge, experience and a degree of creativity. ACE Recreational Marine Insurance® has all this and a more than 200-year history that began in 1792 when our predecessor company wrote the very first marine insurance policy in the United States.
Since then, ACE has been a pioneer in offering marine coverages suited for all sizes and types of pleasure yachts and boats.
Yacht and Boat
Insurance
From ski boats to large
luxury yachts – and all
those in between – you’ll
want to be covered by
the nation’s oldest marine
insurance provider.
We cover your boating lifestyle – whether it’s
cruising, water skiing, entertaining or fishing –
contact a local ACE agent today for details.
ACE Recreational Marine Insurance is the marine marketing and underwriting division of ACE USA, the U.S.-based retail operating division of the ACE Group. Insurance policies issued by ACE are underwritten by the insurance companies of ACE USA that are rated* A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. *Company ratings as of October 1, 2010. This summary of available coverages is intended as general information and is not intended to amend, alter or modify the actual terms or conditions contained in any policy of insurance or its declarations. Exclusions and limitations may apply to some losses. Coverage may not be available in all states. Coverage is governed solely by the terms and conditions of the policy itself. Insurance buyers should consult their agent, broker or other insurance professional if they have questions about their insurance needs.
617058 10/2010 Runabouts
Ski Boats
Personal Watercraft Cruisers
Sport Fishing Vessels Sailboats
Select Charter Boats Mega-Yachts
High Performance Vessels
ace recreational
marine insurance
ace recreational
marine insurance
Marine Expertise and Dedicated Service
ACE’s experienced staff of marine insurance professionals, many of whom are boaters themselves, will help manage all aspects of your yacht and boat insurance and assist with the individual requirements you may have. And if you do suffer damage or a loss to your vessel, our dedicated marine claims specialists will be there to expedite the settlement process for you.
Along with superior service and insurance protection, ACE’s customers benefit also from our comprehensive loss control services. ACE is a leader in promoting maritime safety and our team of highly qualified marine surveyors, engineers and loss control experts are available to assist customers with marine surveys, technical questions and in some cases, onboard consultation.
We invite you to discuss ACE’s outstanding coverage and service with one of our marine insurance specialist agents or brokers.
ACE Recreational Marine Insurance 436 Walnut Street, WA11F
Philadelphia, PA 19105 www.acemarineinsurance.com
ACE Recreational Marine Insurance is a member of the ACE Group, one of the world’s largest property and casualty insurance organizations. The ACE Group of Companies provides a diversified range of insurance and reinsurance products and services through operations in nearly 50 countries around the world.
Personal Property & Fishing Equipment Coverage – Protection is automatically included for the clothing, personal effects and fishing gear of the boat owner and guests. Optional higher limits are available.
Search & Rescue / Emergency Services Coverage – Expenses incurred by an insured in relation to a governmental unit such as the USCG that provide emergency aid and assistance, are included for no additional charge, up to a $10,000 limit.
Towing & Assistance – Our policy includes this coverage, with optional higher limits available.
Tender/Dinghy Coverage – We automatically include this protection, with optional limits and deductibles available. Trailer Coverage – Optional protection is available with a low deductible.
Boat Show & Demonstration Coverage – We automatically provide this coverage, at no additional charge.
Automatic Coverage for Marinas as Additional Insured – Marinas, yacht clubs and similar facilities where insureds keep their vessels are included automatically as Additional Insureds. Hurricane Haul-Out Coverage – Included automatically at no additional charge, clients residing in storm-prone areas are provided with coverage for haul-out and storage fees when necessary to protect an insured yacht during a named storm.
Policy Coverages
Our policies have long been considered the standard by
which others are measured, and our Yachtsman/Boatsman®
Policy provides the most comprehensive coverages along with unique benefits and features, including:
Agreed Value Coverage – We pay the entire agreed amount, with no deductible, for a total loss.
Replacement Cost Loss Settlement – Repair or replacement of covered property is paid for without deduction for depreciation for most partial losses.
Liability Protection – Limits of coverage to suit your personal needs, including: legal defense costs, pollution and contamination coverage, wreck removal and Jones Act coverage for paid crew. Medical Payments – Reasonable medical and related expenses are included for all those onboard, or boarding or leaving the covered vessel. These benefits are provided on a per person basis, rather than per occurrence. Optional and customized limits are available.
Uninsured Boater Coverage – Pays for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.
Oil Pollution Act of 1990 (OPA Coverage) – If you purchase Liability coverage, our policy provides coverage in addition to the Liability limit up to the required OPA statutory limits, regardless of the amount of the Liability limit chosen. If the OPA statutory limit is increased in the future, our policy will automatically increase the applicable OPA limit to match the new higher statutory limits. Marine Environmental Damage Coverage – Protection is automatically provided up to $10,000 per occurrence, for fines and penalties for marine environmental damage, as defined by the policy terms. This coverage limit is in addition to the insured’s applicable Liability and OPA limits.
Federal LHWCA – When Liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the Federal Longshore and Harbor Workers’ Compensation Act.
Ph ot o pr ov id ed c ou rte sy o f S pe nc er Y ac ht s
Whether you’re interested in coverage for a large yacht or small runabout, or a policy to cover pleasure, corporate or occasional charter use, ACE can offer the protection you need.
Additional Advantages of being an ACE Customer
To further satisfy your every marine insurance need, we also provide such advantages as:
• Among the Most Liberal Navigation Limits
• Convenient Electronic Payments by Credit Card or Direct Debit • Premium Discounts for Qualifying Customers
• Access to Informational Website with Boat Safety and Maintenance Tips
ACE Programs and Endorsements
ACE has designed a variety of programs and endorsements to serve the precise insurance needs of yacht and boat owners. Yachtsman/Boatsman® Policy
Comprehensive, all-risk and agreed value protection for a wide range of yachts and boats.
Partial Loss Actual Cash Value Endorsement to Yachtsman/Boatsman® Policy
An economical alternative that offers significant savings to those who want to protect their vessels fully with agreed value protection in the event of a total loss, but opt for an actual cash value (ACV) option for partial losses.
Paragon YachtSM Endorsement to
Yachtsman/Boatsman® Policy
Designed exclusively for finer, high quality vessels valued between $1 million and $5 million, providing many additional benefits. Elite Yacht Program®
Superior coverage with unique benefits for larger luxury vessels valued at more than $5 million, including many deductible-free coverages.
Personal Watercraft Policy
Competitively priced coverages for a range of models. Performance Boat Policy
Designed to cover higher speed vessels that exceed 55 mph. Charter Policy
Six-Pac and other occasional charters may qualify for this coverage, and a more affordable Departure Charter PolicySM
is also available that provides actual cash value benefits. Please contact one of our independent agents or brokers for more details, or visit www.acemarineinsurance.com to learn more.
www.acemarineinsurance.com
Small Boat Insurance Programs
Tailored coverage for vessels less than 27’ in length
The ACE Boatsman
®Policy and its many special endorsements are designed exclusively for all types of
smaller pleasure boats, with the highest level of tailored protection offered at competitive rates. As one
of the nation’s leading marine insurance providers, the specialists at ACE Recreational Marine Insurance
understand the need for customized service and coverages, and how best to provide the features needed to
protect both boat owners and their vessels.
Customized Coverages and Options
At ACE, we know that each boat and boat owner is unique and we have the capability to customize policies
with a multitude of optional coverages and policy types. In addition, the ACE Boatsman Policy automatically
provides among the most liberal navigational limits available, with coverage while on land, inland waters, or
in the coastwise waters of the Continental United States, Alaska, Hawaii or Canada. Our Boatsman Policy
also provides medical payments benefits on a per person basis, rather than per occurrence, which is an
important distinction.
ACE Boatsman
®Programs and Endorsements
Boatsman
®Policy –
Comprehensive, all-risk and agreed value protection for a wide range of boats, less
than 27’ in length
Boatsman
®Policy with Actual Cash Value Endorsement –
A more affordable policy that provides actual
cash value coverage for the hull for a discounted premium, along with other benefits
Boatsman
®Endorsements –
Our valuable policy endorsements enable you to serve your clients with the
highest degree of tailored small boat coverage. These include, among many others:
s 2EPLACEMENT#OSTFOR/UTDRIVE5NITSAND/UTBOARD-OTORSn
For an additional premium, this endorsement
provides replacement cost coverage for outboard motors and outdrive units, five years old or newer.
s 3PECIAL3PORT&ISHERMAN#OVERAGE%NDORSEMENTn
For an additional premium, your clients can purchase
optional fishing gear coverage limits of $2,500 or $10,000 with a $100 deductible. This endorsement also
includes replacement cost coverage for outboard and outdrive units, 10 years old or newer.
.ICHE-ARKETS3ERVEDBY!#%
ACE Recreational Marine Insurance offers a variety of programs with the flexible options needed by
experienced owners of specialized small boats, including:
Bass Boats –
We can generally accommodate these vessels with speed capability to 60 mph, used in
tournaments and in fresh water and/or brackish water.
Pontoon Boats –
Coverage is available for these boats, less than 10 years old and used in inland waters.
Older Boats –
We offer options for small boats 20 years and older, and a special program for classic and
vintage power and sail boats.
0ERSONAL7ATERCRAFTn
Please see side two of this sheet for details.
Please contact ACE’s Small Boat Underwriters to discuss other niche vessels you need to place, or to learn
more about those listed above.
#OVERAGEFEATURESOFTHE!#%"OATSMAN
®Programs are continued on the other side,
ALONGWITHINFORMATIONABOUTOUR0ERSONAL7ATERCRAFT0ROGRAM
617227 2/2010 !#%2ECREATIONAL
-ARINE)NSURANCE
3MALL"OAT#ENTER
Operations & Processing
Freddie Burch One Beaver Valley Road Wilmington, DE 19850 freddie.burch@acegroup.com Phone: 302 476-6942 Toll free: 800 979-2628 Fax: 302 476-6960 3MALL"OAT 0RODUCT-ANAGEMENT Bruce Wixson 436 Walnut Street WA 11F Philadelphia, PA 19106 bruce.wixson@acegroup.com Phone: 609 927-0878 Fax: 609 927-0879
© 2010 ACE Recreational Marine Insurance® is the marine marketing and underwriting division of ACE USA, the U.S.-based retail operating division of the ACE Group of Companies.
Insurance policies issued by ACE are underwritten by the insurance companies of ACE USA that are rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. *Company ratings as of February 1, 2010.
This summary of available coverages is intended as general information and is not intended to amend, alter or modify the actual terms or conditions contained in any policy of insurance or its declarations. Exclusions and limitations may apply to some losses. Coverage may not be available in all states. Coverage is governed solely by the terms and conditions of the policy itself. Insurance buyers should consult their agent, broker or other insurance professional if they have questions about their insurance needs.
ACE Boatsman
®#OVERAGE&EATURES
s !GREED6ALUE#OVERAGEn
We pay the entire agreed amount, with no deductible, for a total loss
in the Boatsman
®Policy.
s 2EPLACEMENT#OST,OSS3ETTLEMENTn
Repair or replacement of covered property is paid for without
deduction for depreciation on most partial losses with the Boatsman
®Policy.
s !CTUAL#ASH6ALUE%NDORSEMENTn
Provides a cost-savings to your client by covering the insured
boat up to its current market value in the event of a total loss, with consideration given to depreciation
and condition of the vessel at the time of loss. With this endorsement, payments made for Partial Loss
Settlement are reduced by depreciation of damaged items, and the policy deductible will be applied.
s ,IABILITY0ROTECTIONn
Limits of coverage to suit your clients’ personal needs, including: legal defense
costs, pollution and contamination coverage, and wreck removal.
s -EDICAL0AYMENTSn
Reasonable medical and related expenses are included for all those onboard,
boarding or leaving the covered vessel. These benefits are provided on a per person basis, rather than
per occurrence. Optional and customized limits are available.
s 5NINSURED"OATER#OVERAGEn
Pays for bodily injury to persons aboard the insured watercraft who are
injured by an uninsured owner or operator of another vessel.
s ,ONGSHOREAND(ARBOR7ORKERS#OMPENSATION!CT,(7#! n
When liability coverage is purchased,
coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of
the LHWCA.
s 0ERSONAL0ROPERTY&ISHING%QUIPMENT#OVERAGEn
Protection is automatically included for the
clothing, personal effects and fishing gear of the boat owner and guests. Optional higher limits are available.
s 4OWING!SSISTANCEn
We automatically include this coverage, with optional limits available.
0ERSONAL7ATERCRAFT
ACE also offers comprehensive and affordable coverage for Personal Watercraft (PWC) of various model
types, length, speed and passenger capabilities. Our coverage includes Property, Liability, Medical
Payments, Uninsured Boater and Towing & Assistance benefits, with optional trailer coverage available
as well. Please contact the ACE Small Boat Center at 1-800-979-BOAT (2628) to learn more about the
ACE Personal Watercraft Policy.
0ERSONAL7ATERCRAFT0OLICY#OVERAGE&EATURES
s0ROPERTYn
Protects an owner’s investment in their PWC with various deductible options.
s,IABILITY0ROTECTIONn
Limits of $25,000, $50,000, $100,000, $300,000 and $500,000 are available.
s-EDICAL0AYMENTSn
Reasonable medical and related expenses are included, with coverage options of
$1,000, $2,500, $5,000 or $10,000.
s0ERSONAL0ROPERTYn
Coverage is included for $500 at no additional charge.
s5NINSURED"OATER#OVERAGEn
Pays for bodily injury to PWC rider(s) who are injured by an uninsured owner
or operator of another vessel. Coverage amount is the same as the Liability Limit.
s4RAILER#OVERAGEn
Automatically included is coverage for the PWC trailer.
s4OWING!SSISTANCEn
$150 of coverage is provided, at no extra charge.
Small Boat Insurance Programs
!#%2ECREATIONAL -ARINE)NSURANCE
3MALL"OAT#ENTER
Operations & Processing
Freddie Burch One Beaver Valley Road Wilmington, DE 19850 freddie.burch@acegroup.com Phone: 302 476-6942 Toll free: 800 979-2628 Fax: 302 476-6960 3MALL"OAT 0RODUCT-ANAGEMENT Bruce Wixson 436 Walnut Street WA 11F Philadelphia, PA 19106 bruce.wixson@acegroup.com Phone: 609 927-0878 Fax: 609 927-0879
www.acemarineinsurance.com
Yachtsman Insurance Programs
Tailored coverage for vessels 27 feet or greater in length,
up to $5 million in value
ACE Recreational Marine Insurance® and its predecessor companies have been providing yacht insurance since 1792,
offering the most comprehensive policies available for both private pleasure or charter exposures. If you are seeking coverage for a personal yacht, corporate yacht or charter vessel, ACE has an array of specialty products to fulfill your needs.
Customized Coverages and Options
Our skilled underwriting staff provides the utmost attention to detail while focusing on specialized benefits for personal property, fishing equipment and tender/dinghy coverage, along with navigational limits designed to meet your needs and experience. With our regional yacht offices located in prime boating communities across the country, we’re confident you’ll be impressed with our superior degree of product knowledge and boating expertise.
ACE Yachtsman
®Programs and Endorsements
Serving the precise insurance needs of various segments of the yacht market has been a consistent hallmark of ACE Recreational Marine Insurance. One way we accomplish this is through our exceptional Yachtsman® Policy and
its many valuable policy endorsements, which are available subject to underwriting approval, and provide a range of cost-saving, enhanced or tailored protections unmatched in the marketplace.
Yachtsman® Policy – Unparalleled, all-risk and agreed value protection for a wide range of pleasure yachts of varying
types and sizes, including select occasional charter opportunities, and providing the most comprehensive coverages along with unique benefits and features.
Yachtsman® Policy with Partial Loss Actual Cash Value Endorsement – A cost-saving alternative to meet boaters’
needs during these economically challenging times. This endorsement offers significant savings to those who want to protect their vessels fully with agreed value protection in the event of a total loss, but opt for an actual cash value (ACV) option for partial losses. Other details and benefits include:
• Available for yachts more than ten years old
• Provides Agreed Value coverage for Total Losses or Constructive Total Losses
• Partial Losses may be subject to depreciation and settled on an Actual Cash Value basis • Substantially reduced pricing to save you money
Paragon YachtSM Endorsement – Designed exclusively for finer, high quality vessels with hull values between $1 million
and $5 million, this endorsement provides many additional benefits, including:
• Electronic Navigation and Communications Equipment Coverage, with no deductible • Firearms Coverage
• Rental Reimbursement Coverage
• Passport and Proof of Identification Replacement Coverage • Bottom Inspection Coverage
• Captain and Crew Liability Coverage • Personal Property Coverage for Crew
• Moped, Motorbike and Motorcycle Coverage, while onboard and not in use • Unscheduled Fine Arts Coverage
Tournament Sport Fishing Endorsement – Tournament sport fishermen who own higher valued vessels will be
interested in this coverage, with its added benefits such as:
• Increased Fishing Tackle Benefits
• Expanded Coverage for Vessels with Full-Time Captains • Occasional Charter Coverage Available
We invite you to learn more about our full range of yacht insurance programs by visiting www.acemarineinsurance.com.
Coverage features of the ACE Yachtsman
®Policy are continued on the other side.
617271 11/2010
ACE Recreational Marine Insurance
Yacht Product Manager Bruce Wixson 436 Walnut Street WA 11F Philadelphia, PA 19106 bruce.wixson@acegroup.com Phone: 609 927-0878 Fax: 609 927-0879
© 2010 ACE Recreational Marine Insurance® is the marine marketing and underwriting division of ACE USA, the U.S.-based retail operating division of the ACE Group. Insurance policies issued by ACE are underwritten by the insurance companies of ACE USA that are rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. *Company ratings as of November 1, 2010.
This summary of available coverages is intended as general information and is not intended to amend, alter or modify the actual terms or conditions contained in any policy of insurance or its declarations. Exclusions and limitations may apply to some losses. Coverage may not be available in all states. Coverage is governed solely by the terms and conditions of the policy itself. Insurance buyers should consult their agent, broker or other insurance professional if they have questions about their insurance needs.
Yacht Policy Coverage Summary
Insuring a full range of yachts is just the first of many advantages to insuring with ACE. Our yacht policies have long been considered the standard by which others are measured, providing unparalleled coverage along with unique benefits and features through various policy types.
ACE Yachtsman
®Policy
All-risk coverage and agreed value protection for a wide range of pleasure yachts of varying types and sizes, including select occasional charter opportunities.
Agreed Value Coverage – We pay the entire agreed amount, with no deductible, for a total loss.
Replacement Cost Loss Settlement – Repair or replacement of covered property is paid for without deduction for
depreciation for most partial losses.
Liability Protection – Limits of coverage to suit your personal needs, including: legal defense costs, pollution and
contamination coverage, wreck removal and Jones Act coverage for paid crew.
Medical Payments – Reasonable medical and related expenses are included for all those onboard, boarding or leaving
the covered vessel. These benefits are provided on a per person basis, rather than per occurrence. Optional and customized limits are available.
Uninsured Boater Coverage – Pays for bodily injury to persons aboard the insured watercraft who are injured by an
uninsured owner or operator of another vessel.
Oil Pollution Act of 1990 (OPA) Coverage – If you purchase Liability coverage, our policy provides coverage in
addition to the Liability Limit up to the required OPA statutory limits, regardless of the amount of the Liability Limit
chosen. Additionally, if the OPA statutory limit is increased in the future, our policy will automatically increase the applicable OPA limit to match the new higher statutory limits.
Marine Environmental Damage Coverage – Protection is automatically provided up to $10,000, per occurrence, for
fines and penalties for marine environmental damage, as defined by the policy terms. This coverage limit is in addition to
the insured’s applicable Liability and OPA Limits.
Longshore and Harbor Workers’ Compensation Act (LHWCA) – When Liability coverage is purchased, coverage is
automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.
Personal Property & Fishing Equipment Coverage – Protection is automatically included for the clothing, personal
effects and fishing gear of the boat owner and guests. Optional higher limits are available.
Search & Rescue / Emergency Services Coverage – Expenses incurred by an insured in relation to a governmental
unit such as the USCG that provide emergency aid and assistance, are included for no additional charge, up to a $10,000 limit.
Towing & Assistance – Our policy includes this coverage, with optional higher limits available.
Tender/Dinghy Coverage – We automatically include this protection, with optional limits and deductibles available. Trailer Coverage – Optional protection is available with a low deductible.
Boat Show & Demonstration Coverage – We automatically provide this coverage, at no additional charge.
Automatic Coverage for Marinas as Additional Insured – Marinas, yacht clubs and similar facilities where insureds
keep their vessels are included automatically as Additional Insureds.
Hurricane Haul-Out Coverage – Included automatically at no additional charge, insureds residing in storm-prone
areas are provided with coverage for haul-out and storage fees when necessary to protect an insured yacht during a named storm.
Yachtsman Insurance Programs
ACE Recreational Marine Insurance
Yacht Product Manager Bruce Wixson 436 Walnut Street WA 11F Philadelphia, PA 19106 bruce.wixson@acegroup.com Phone: 609 927-0878 Fax: 609 927-0879
Writing PWCs with ACE is easy!
1. Determine eligibility. Please see eligibility criteria chart on side 2.
2. If eligible, determine premium based on rates shown below. Use Rate Table 1, 2 or 3 based on mooring state. 3. To bind, enter the risk information into ORCA and click the Bind button on the Rate/Premium page.
4. To issue, fax or mail the completed and signed PWC application to your normal underwriting or service office. Important Note: Policy includes a $1,000 theft deductible if PWC is not securely locked when not in use.
Determine premium as follows: All premiums include:
1. Property – Select premium based on Deductible and Engine CCs. Trailer Coverage ($100 ded.) 2. Liability – Select premium based on coverage limit. $150 Towing & Assistance Limit 3. Medical Payments – Select premium based on coverage limit. Uninsured Boater Coverage 4. Annual Premium – Add Property, Liability and Medical Payments premiums.
Rate Table 1 – Applies to states of: AL, AZ, CA, GA, HI, LA, MS, NC, NV, NM, SC, TX, WA
PWC 850 CCs or Over 850 Personal Medical Medical Uninsured Property Less CCs Property Liability Liability Payments Payments Boater Deductible Premium Premium (Included) Coverage Premium Coverage Premium (Included)
$250 $180 $260 $500 $25,000 $40 $1,000 Included Same as
($100 ded.) Liability Limit
$500 $153 $221 $500 $50,000 $60 $2,500 $15 Same as
($100 ded.) Liability Limit
$1,000 $144 $208 $500 $100,000 $80 $5,000 $20 Same as
($100 ded.) Liability Limit
$300,000 $120 $10,000 $35 Same as Liability Limit
$500,000 $150 Same as
Liability Limit
Rate Table 2 – Applies to FLORIDA
PWC 850 CCs or Over 850 Personal Medical Medical Uninsured Property Less CCs Property Liability Liability Payments Payments Boater Deductible Premium Premium (Included) Coverage Premium Coverage Premium (Included)
$250 $270 $338 $500 $25,000 $60 $1,000 Included Same as
($100 ded.) Liability Limit
$500 $230 $287 $500 $50,000 $90 $2,500 $15 Same as
($100 ded.) Liability Limit
$1,000 $216 $270 $500 $100,000 $120 $5,000 $20 Same as
($100 ded.) Liability Limit
$300,000 $204 $10,000 $35 Same as Liability Limit
$500,000 $300 Same as
Liability Limit
Rate Table 3 - See other side
ACE Recreational Marine Insurance 436 Walnut Street WA11F Philadelphia, PA 19106 main 215 640-2609 facsimile 215 640-5025 recreational.marine@ acegroup.com www.acemarineinsurance.com 617203 11/2010
We know our ABCs of PWCs
ACE Recreational Marine Insurance
Personal Watercraft Rate Card
© 2010 ACE Recreational Marine Insurance is the marine marketing and underwriting division of ACE USA, the U.S.- based retail operating division of the ACE Group. Insurance policies issued by ACE Recreational Marine Insurance are underwritten by the insurance companies of ACE USA that are rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. Company ratings as of November 1, 2010.
Determine premium as follows: All premiums include:
1. Property – Select premium based on Deductible and Engine CCs. Trailer Coverage ($100 deductible) 2. Liability – Select premium based on coverage limit. $150 Towing & Assistance Limit 3. Medical Payments – Select premium based on coverage limit. Uninsured Boater Coverage 4. Annual Premium – Add Property, Liability and Medical Payments premiums.
Rate Table 3 – Applies to states of: AK, AR, CO, CT, D.C., DE, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, ND, NE, NH, NJ, NY, OH, OK, OR, PA, RI, SD, TN, UT, VA, VT, WI, WV, WY
PWC 850 CCs or Over 850 Personal Medical Medical Uninsured Property Less CCs Property Liability Liability Payments Payments Boater Deductible Premium Premium (Included) Coverage Premium Coverage Premium (Included)
$250 $137 $198 $500 $25,000 $30 $1,000 Included Same as
($100 ded.) Liability Limit
$500 $116 $168 $500 $50,000 $46 $2,500 $15 Same as
($100 ded.) Liability Limit
$1,000 $110 $158 $500 $100,000 $61 $5,000 $20 Same as
($100 ded.) Liability Limit
$300,000 $91 $10,000 $35 Same as Liability Limit
$500,000 $114 Same as
Liability Limit
PWC Eligibility Criteria
Standard Submit to Underwriting Unacceptable
Owner • Licensed Driver • Primary owner < 21 years old • Owner leased units
• Personally Owned • Underage owner (<18 years)
• Pleasure Use • Timeshares
• No more than 2 unrelated owners • More than 2 owners (other than family) • Corporate ownership
PWC Unit • Speed up to 60 mph • Speed > 60 mph • Stand-up Jetski (max. 1 passenger)
• Seats 2-3 people • PWCs for sale • Out-of-business manufacturers • 7 ft. up to 16 ft. in length • More than 16 ft. in length • Modified from stock • No modifications • Pre-existing damage • Water-jet propulsion
Use • Pleasure Use • Racing or speed tests
• Stunt or demo events • Business or commercial use • Rentals
Operators • Clean MVR (0-2 points) • 3 or more points on license • Primary operator < 18 years old
• No watercraft losses in past 3 years • Watercraft loss in past 3 years • Any DUI or similar infraction • Minimum 1 year experience
• Minimum operator age 16
• MVRs required if operator < 25 yrs old
Exposure • Florida mooring location • Any risk in 5 boroughs of N.Y. City
• Liability Limit > $500,000 • Off season storage at an unsecured location • Liability only ACE Recreational Marine Insurance 436 Walnut Street WA11F Philadelphia, PA 19106 main 215 640-2609 facsimile 215 640-5025 recreational.marine@ acegroup.com
