Coast Underwriters Pleasurecraft Programmes Policy features include:

·       All Risk Coverage from jet skis to small runabouts to large luxury yachts

Ø Standard Coverage:  our preferred coverage for private pleasure use

Ø ACV Coverage:  reduced premium for reduced coverage

Ø Named Perils:  reduced premium for vessels in storage

·         Agreed Value Form

Our coverage is an agreed value - for Standard or ACV - the boat is to be written at its current market value, in other words, what it could be sold for on today's market. 

The only differences between the two coverages are, in the event of a partial loss, STANDARD COVERAGE pays “new for old” and ACV COVERAGE has “depreciation applied”. 

In the event of a total loss, both coverage types pay up to the full insured value.

·         Personal Effects Coverage

$2,000 Limit automatically included with option to increase to desired limit

·         Deductibles

Minimum H&M $500 deductible or 1% of the H&M sum insured, whichever is greater, some exceptions apply

$250 deductible on electronics, tenders, auxiliary outboards, boat trailers and personal effects

·         Protection & Indemnity Limits available up to $5,000,000

Including Waterskiing Coverage

·         EXTRA Coverage

Is automatically included with the P&I coverage starting at $2,000,000, available for 100% pleasure use

Provides for Uninsured / Underinsured vessel coverage

Loss of Use, Additional Living Expense

Towing up to $500 per tow, $50 deductible

·         Other coverages available (subject to underwriters approval)

Incidental business and/or charter use

Liveaboard (permanent residence)

·         Vessels not insured

Catamarans, Trimarans, Ferro cement, F/G over wood hulls, Houseboats, High Performance (over 50 MPH) boats, Floating homes, Propane appliances with a continuous burning pilot light

·         Broad Navigating Limits

Trading area #2A for vessels under 26’  

Trading area #3 for vessels 26’ and over

Discount for Inland (fresh water) use only

·         Surveys

Current condition & detail surveys by an approved marine surveyor are required on all vessels aged 15years and older, as well as all home built and certain custom built vessels.

Color photos are accepted on outboard motor boats; and small (under 22’) runabouts up to 20 years.

·         Claims paid without depreciation for protective covers, sails and running gear (Standard Coverage)