“What kind of coverages does Progressive offer on my boat?”
At Progressive, they drop the common requirements other insurers may force on you such as: marine surveys, navigation plans and travel restrictions.
Get Progressive boat insurance, and you’re automatically covered on all lakes and rivers in the U.S. and Canada plus ocean waters within 75 miles of the coast. No questions asked.
Progressive insures pretty much all watercraft up to $350k in value and 50 feet long.
Why choose progressive? Progressive also protects your pets. Progressive will pay up to $1,000 if your pet is injured during a covered accident (and even give you a $1,000 death benefit for your pet).
I care about this a lot because I have a super cute pet at home! Check out his Instagram here.
Standard boat insurance coverages
Bodily injury & property damage liability (BI/PD)
Pays for damages to other watercraft and injuries to other boaters and passengers. This can also pay for legal expenses if you’re sued.
Comprehensive & collision
Pays for repairs if your boat is damaged or stolen. Plus, they’ll even include free pet injury coverage for dogs and cats with comprehensive and collision. For families who live on their boat with their pet, this is a great option. With comprehensive and collision, you pick what you pay out of pocket (called your deductible). For example, if you file a claim for $3,500 in damages and you have a $500 deductible, you pay $500 out of pocket. Progressive will pay the rest.
Uninsured/underinsured boater (UB/UIB)
In a perfect world, all fellow boaters will have adequate insurance coverage to help pay for damages to your beloved boat. But if they don’t have insurance, or lack coverage, you may have to pay. This coverage will then pay for your injuries/medical bills and lost wages if you can’t work.
You can pick a range of coverage limits to pay for your medical bills (or your passengers’) if you’re in an accident. In some states, this coverage will kick in once your health insurance limits are reached.
Boat insurance coverages that are automatically included in a Progressive Policy
No depreciation on repairs
Progressive will always pay what it costs to return your watercraft to its pre-accident condition or better. For example, let’s say that you hit a submerged object, damaging your 10-year old motor. It may only be valued at $1,000 but costs $3,000 to replace. If it can’t be repaired, it will be replaced.
Unlimited small accident forgiveness
Progressive doesn’t count any small accidents of $500 or less against you or charge you more because of one.
Large accident forgiveness
If you’ve been with Progressive for at least 4 years and have not filed a claim in the last 3 years, we won’t count an accident against you at your next renewal, regardless of what it costs.
Pays the cost of cleaning up a fuel spill, even if your boat sinks.
If your boat sinks, Progressive will cover the costs of removing your boat from the water (if removal is legally required).
If your trailer or tow vehicle breaks down or is disabled, Progressive will pay to tow you to the nearest repair shop. This coverage is provided at no additional cost if trailer coverage is selected.
Even MORE Coverage with Progressive…
Progressive Boat insurance coverage that’s easy to get and easy to love
The following add-on’s are contributing factors on why Progressive is one of the leading boat insurers:
Propulsion Plus® coverage for mechanical breakdowns
You’ve probably heard that insurance never covers common wear and tear or mechanical breakdowns. Think again because Progressive boat insurance does. Progressive will repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown—even if it’s caused by wear and tear.
Sign & Glide® for towing on the water
Progressive will pay for towing, fuel delivery, soft un-groundings and jump starts if your boat breaks down on the water. All you have to do is call our dispatch center (number included on your policy card). Progressive even arranges for the tow and pays the tow operator directly (in most cases).
Total loss replacement for a brand new boat
You can purchase this coverage if your boat is no more than one model year old. If it’s totaled within 5 model years, Progressive will either buy you a new one or give you the amount you originally paid for your totaled boat—your choice. If you’re outside the 5-year window, Progressive will give you the original purchase price you paid. No depreciation. No estimations. Just extra cash for you.
For example, let’s say you bought a brand new boat three years ago for $15,000, but that boat is now only worth $10,000. If you have a total loss, other insurers might just try to give you $10,000 and say that’s what your boat is worth. But a new boat will cost you $15,000+. So we’ll spend the full $15,000+. That’s a real $5,000 difference you get with Progressive.
Full coverage for fishing equipment or carry-on items
You can get full replacement cost up to $10,000 for personal property you carry on your boat such as fishing equipment, scuba gear and even phones or other items that are lost/stolen.
Trailer trip interruption
If your trailer or tow vehicle breaks down, and you’re more than 100 miles from home, Progressive will reimburse you up to $500 to cover food, hotel and other transportation costs.
PS it costs only $10/year
This reduces your deductible by 25% each year that you don’t have a claim. Your deductible can go all the way down to $0. If you have a claim, your deductible returns to its original amount at the next renewal.
As soon as you’re ready to purchase Progressive Insurance for your Florida based Boat or Marine Vessel, contact the independent brokers at North Broward Insurance Solutions.
Kristy Nguyen is a licensed insurance agent for North Broward Insurance Solutions, Inc, a boutique insurance brokerage in Broward County. While Kristy has access to over 100 carriers for all types of property & casualty risks, her specialties include Liability for Marine Artisans and insuring Marine vessels of all sizes.
Kristy can be reached by email (firstname.lastname@example.org) and discuss a plan to insure your vessel, home, houseboat, rental property and all assets within your portfolio. Her insurance services are available throughout the State of Florida.
Published through www.NorthBrowardInsurance.com, located at 1141 Banks Rd, Margate, FL 33063 and reachable by calling 954-368-0060, x 3