|
You
may already know that Chubb is one of the leading insurers of large yachts,
but you may not realize that Chubb covers smaller watercraft as well. Like
our homeowners and valuable articles policies, Chubb's Masterpiece yacht
policy offers owners of boast large and small a breadth of coverage not
found in other policies. Take a look to what makes Chubb policy different.
12 Months
Navigation. Chubb covers
full-year navigation, unlike many other insurers who require a "lay-up"
period. However, our rating structure is based on regional navigation
season.
Mechanical
Breakdown/Faulty Repair. Chubb covers
loss due to mechanical breakdown and/or faulty repair; other insurers
exclude it from their policies.
Ice And/Or
Freezing. Chubb covers losses
resulting from ice and freezing; most other companies exclude losses caused
by these events.
Broad Navigation Limits.
Other insurers require notification
if you're taking your boat away from its insured location.
Comprehensive Coverage
For Boat-Related Equipment
Trailers.
Chubb
provides up to $3,500 of replacement cost coverage for trailers, subject to
a $250 deductible. Other companies usually charge additional premiums and
often write the coverage for actual cash value or on a stated value basis.
Sails And Outboard Motors.
Chubb will replace all sails or outboard motors - "new for old," including
spinnakers - provided they are less than three years old.
Electronic Navigational
Equipment. Chubb
covers this equipment, subject to a $250 deductible. Other insurers
typically impose a $500 deductible.
Fishing Tackle.
Chubb covers up to $10,000 for a loss to your fishing tackle and that of
your guests and crew while they are on board the watercraft, subject to a
$250 deductible.
Watercraft Equipment
On Shore. Chubb covers this up to the full amount for physical
damage on the policy. Most insurers restrict this coverage to 50%.
+ Much More
Chubb Claims Reporting 24 hrs- 7 Days
Call 1-800-CLAIMS-0 (252-4670)
**This information is advisory in nature.
No liability is assumed by reason of the
information in this document.
see actual policies for conditions, restrictions of coverage's.
|
