The Right Protection for Your Leisure Time Activities!
Powerboats, Sailboats & Houseboats Insurance
Not all insurance policies are the same. That's because some companies only offer watercraft insurance as an accommodation to their customers while others specialize in meeting the unique needs of boat owners. And, the differences don't stop there, as there are many important variations from one specialty policy to another.
The American Modern First Choice program is one of the best at providing the broad coverage and "user friendly" features you need in a boat insurance policy. The companies of the American Modern Insurance Group (American Modern) are leaders in providing physical damage and liability insurance to boat owners throughout the United States. The right combination of insurance and safe operations will greatly enhance your time on the water -- all year long.
- Why It's Good to Have a Specialty Policy
- Boat Coverages
- The Extras That Make our Policies Special
- Handy Options and Benefits
- Read Your Policy Carefully
- How to Obtain an American Modern Policy
- Boating Insurance and Safety
Why It's Good to Have a Specialty Policy
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A Policy Designed to Meet Your Needs. At American Modern, our focus is on providing quality protection for just a few select types of insurance, including manufactured homes, motorcycles and boats. Our specialty focus helps us better understand the products we insure, so we can provide a policy that is designed to meet your needs.
Not all Boat Policies are the Same. Items like homes and cars are insured on standardized insurance forms, so for the most part everyone gets the same basic coverage regardless of the carrier. But with boats, there are no standard insurance forms. Each carrier develops their own policy, which results in some policies being very comprehensive, others being very basic, and most being somewhere in between. Plus, some carriers understand boat owners needs better than others. With so many choices out there, it's a good idea to go with a carrier that specializes in boat insurance.
Specialty Policies Protect You against Lots of Things That Can Happen. Sometimes you can cover your boat by adding an endorsement to a policy you already have. But, that coverage is usually pretty basic. To obtain increased coverage limits, as well as coverage options such as uninsured watercraft and emergency towing, you need the protection of a specialty policy.
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Boat Coverages
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- Physical Damage Coverage. Covers damage to your boat. We provide Agreed Value coverage for boats new to ten years old and Market Value for older boats, with the option to upgrade to Agreed Value coverage for larger boats.
- Liability Coverage. You can be held liable for injuries that happen to others while you are boating. Our policies provide both liability protection and coverage for bodily injury to family and non-family members, which means you're protected from those unforeseen events that can occur on the water.
- Medical Payments. Pays medical bills resulting from an accident that happens as a result of operating your boat. Provides protection to policy limits for the policyholder, immediate family members, as well as non-family members involved in the accident. And the limit is per person, not per accident.
- Trailer Coverage. This optional coverage protects the trailer you use to tow your boat.
- Partial Loss Replacement Cost on Parts. If a part on your boat breaks and the part is less than two years old, we'll pay to fully replace the part. You can also upgrade to the Extended Partial Loss Coverage, which replaces parts up to five years old if damaged due to a covered loss (available for new boats, future model years, or unused one year old model years).
- Advantage Endorsement. Optional protection that includes the following coverages:
- Uninsured Watercraft - protects you when another boater collides with the boat you are operating and that boater is not properly insured.
- Non-owned Watercraft Liability - extends your policy's liability coverage to any boat you operate.
- Personal Effects Coverage - protection for personal belongings stored inside the boat that are suddenly lost, stolen or damaged.
- Emergency Assistance and Towing - protects you if your boat breaks down on the water; and even if your trailer breaks down while you are taking your boat somewhere.
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The Extras That Make our Policies Special
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American Modern offers some nice "extras" you may not find with other carriers:
- No Required Lay-Up Period. Allows you to use your boat for a longer period of time during the year.
- Coverage during Tournament Participation. We allow you to compete in water-skiing or fishing contests without excluding coverage.
- Coverage in U.S, Canadian and Mexican Waters. Many policies specify exactly when and where you can use your boat - to the point of naming specific lakes and waterways! With American Modern, you're covered wherever you operate your boat in U.S, Canadian and Mexican (not south of Rio Santo Tomas) waters.
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Handy Options and Benefits
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- Many Deductible Options Available. Talk to your agent about which one is right for you.
- Convenient Payment Options. We offer our customers many flexible ways to pay the premium on their policies. They can pay it all at once, or in two or four installments. We also take debit cards, Discover®, MasterCard®, Visa® and American Express®.
- Fast and Reliable Claims Service. Our customers can report a claim online or over the phone, any time day or night. Call during business hours, and a customer service representative can take your claim personally. We also have after-hours and weekend service for emergencies!
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Read Your Policy Carefully
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Our site contains general descriptions of the policies and coverages we provide. While you may use our site to help you understand the different types of coverage
available, remember that this site does not describe all of the terms, conditions, limitations or exclusions in your policy, nor does it modify or change any definitions
expressly stated in any contracts of insurance. Our policy and coverage offerings also vary from state to state. We encourage you to speak to your insurance agent
and to read your policy contract to fully understand your coverage.
How to Obtain an American Modern Policy
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We have Agents located throughout the country. To find one in your area, please us or contact Customer Care Services Monday through Friday, 8 a.m. to 7 p.m. Eastern Standard Time.
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( Note: Not all products available in all states. )
( Note: Not all products available in all states. )
Last Updated on April 13, 2006
