Progressive has great insurance coverage for boat and watercraft owners. Do you own a jet boat, sail boat, fishing boat, or houseboat? You can protect your investment with Progressive boat insurance. Progressive also covers sea-doo’s and jet-skis. Roadside assistance coverage is also offered by Progressive and will cover your boat if any of the following occur; mechanical or electrical breakdown, dead battery, flat tire (if the watercraft is pulled by a trailer), insufficient fluids or fuel, lost or stolen keys or entrapment. Roadside assistance coverage also extends to tow vehicles while the boat is in transport even if another company covers the vehicle. There is no out-of-pocket cost to you and qualified professionals are there to assist you 24/7. On the water towing and labor coverage is available with $300, $500, or $1,000 limits per occurrence. Tow insurance covers any towing and/or labor cost’s incurred at the time the boat becomes disabled. Unlike the roadside assistance this is reimbursement coverage and does require out-of-pocket expense.
In addition to the tow and roadside assistance packages, you can also purchase comprehensive and collision coverage. There are a variety of coverage’s you can choose from when you purchase your policy. The first type of coverage is the actual cash value payout where you receive the market value of the vehicle at the time of loss. The second type of coverage is agreed value where the pay out is agreed upon when the policy is purchased, regardless of current market value. A agreed value coverage includes vanishing deductibles and is currently only available for boats. The third type of coverage is total loss replacement or purchase price replacement. In this case Progressive will replace your boat or pay the original price of the boat. Total loss also includes vanishing deductibles and can be purchased on new boats no more than one model year old.
Insurance Specialists wants to make sure all of your assets are covered. Please give us a call today and we can make sure Progressive covers your watercraft!