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Seaworthy Launches Boat and Yacht Insurance Program

Seaworthy Insurance Co., which began in 1989 offering specialized boat insurance products to Boat Owners Association of The United States (BoatU.S), has launched a new line of commissionable boat insurance policies sold exclusively through insurance agents and brokers. Now a member of the Berkshire Hathaway Insurance Group, Seaworthy Insurance Co.’s new agent program offers four types of policies: pleasure boat, yacht, super yacht, and charter vessel.

Both pleasure boat and yacht policies are also available as liability only, and include wreck removal, salvage coverage, and fuel spill liability. Super yacht policies include coverage for crew, tenders, and offer broad cruising limits including the Mediterranean, Caribbean, Panama Canal and the Pacific. Charter policies are available on both “Six-Pack” and inspected vessels, and offer valuable coverage options including a low electronics deductible and coverage for the loss of a charter booking.

All Seaworthy policies offer hurricane preparation coverage that pays 50 percent of the cost to haul or move a vessel out of harm’s way.

The Seaworthy Web-based rating and quote system has a single screen to allow agents to obtain a quick quote for their customers. Agents can then e-mail the quote, print applications and binders as well as review client billing, account information and claims status.

Seaworthy is rated “A+” rating by A.M. Best. The claims service is provided by Seaworthy staff in conjunction with the industry-leading BoatU.S. Insurance Claims Division.

Source: Seaworthy Insurance, www.SeaworthyInsurance.com

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