We know that a total loss is stressful enough – so we eliminated the deductible to get you back on the water as fast as possible. Disappearing Deductible Option: Your SkiSafe policy provides that if your boat insured for its Replacement Cost or Agreed Value is a total loss, the deductible is completely waived.Coverage Packages: Depending on the individual risk and options you select, SkiSafe offers these unique coverage packages: Skipper’s Basic Captain’s Enhanced and Admiral’s Custom, where you can mix and match your preferred coverage options.We won’t depreciate your boat or tell you it is worth less than the agreed value.Ĭhoose from coverage package and deductible options, plus available discounts. Agreed Value Coverage: SkiSafe’s Agreed Value coverage ensures that if your boat is a total loss, we will pay you the agreed value that you asked us to insure the boat for upon starting your Skisafe policy.With this option, SkiSafe will replace your new boat even if it costs more than you paid. Replacement Cost Coverage: SkiSafe’s Replacement Cost coverage provides that if your new boat is a total loss within the first 36 months after purchase, we will buy you a brand new version of the same boat, with the same options, features and equipment that you had right before the loss.That’s why our boat insurance policy covers the risks that even the safest boater may encounter. Unlike the named perils policy many companies offer, which limits coverage to only those losses identified in the policy, SkiSafe recognizes that covering a few common losses and excluding all others leaves boaters without a life jacket. All-Risk Coverage: Your SkiSafe policy covers your boat, trailer and insured property for almost all physical damage – fire, theft, collision with a submerged object, glass damage, storm damage, auto accident – and more.Watercraft coverage is available exclusively through SkiSafe, a Tower Hill partner. The boat’s age, size, model and location are all important factors in determining the right mix of options for physical damage, contents and liability coverages. **Coverage does not increase the Coverage A or Coverage B limits.Watercraft insurance policies provide coverage for jet skis and boats of all sizes, ranging from sailboats and bass boats to yachts. *(a) Artwork, photographs, collectibles, or memorabilia, including but not limited to, porcelain or other figurines, and sports cards (b) Rare books or autographed items (c) Jewelry, watches, precious and semiprecious stones, or articles of gold, silver, or platinum (d) Furs or any article containing fur which represents its principal value or (e) Personal property used in any business Payment will be for the shortest time required to repair or replace the damage or permanently settle your household elsewhere.ġ5 Days (no waiting period for home closings or homes with continuous flood coverage) $30,000 Subject to $250,000 maximum for both Coverages A and D. ![]() $250,000 or the Coverage A Flood limit (whichever is less)**Ĭoverage D – Increased Cost of Compliance Limit $100,000 or 10% of Coverage A (whichever is less) for detached garages and/or other structures (reduces the Coverage A limit)Īctual Cash Value (Replacement Cost is available) Maximum total insured value (TIV) $1.25 millionġ0% of Coverage A for detached garages (reduces the Coverage A limit)
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