Boat/Watercraft Insurance

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Safeco provides insurance for many kinds of pleasure craft – sail and power, inboard or inboard/outdrive. As a general rule, we insure powerboats and sailboats up to 40 feet. We also have a special policy for outboard boats under 18 feet with an outboard engine less than 90 hp and total value under $15,000. Whether you insure a single watercraft or an entire fleet, you get the quality protection and outstanding claims service for which Safeco is famous.

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Some insurance companies tempt you to do without Machinery Coverage by offering it as an extra-cost option. With Safeco, you’re covered both for hull and machinery damage if you strike an object in the water – with no depreciation on repair of machinery – and at no additional cost.

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Small boats or tenders used to service your watercraft are now automatically covered, subject to certain length, value and hp limitations.

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Your Unattached Equipment is automatically insured up to 10% of hull value (or $100, whichever is greater). If you need a higher limit you can choose an Additional Unattached Equipment endorsement with a separate deductible.

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Your personal effects are covered up to $250 if your watercraft is upset or collides with another object.

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Your watercraft is still fully covered when it’s hauled out.

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Broad Form Liability Coverage protects your financial and property assets if the operation of your watercraft causes injury or property damage to others.

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Whether you cruise the Atlantic or Pacific coasts, or inland waters anywhere between, Safeco protection sails with you – up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. Even when you haul your boat out of the water, it’s still protected.

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Some insurers limit Towing Coverage to as little as $50. Your Safeco watercraft policy automatically includes up to $500 in towing costs through the Emergency Assistance Package.

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Medical Payments insurance, including coverage for water skiers, protects friends and family you welcome aboard.

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Coverage for your watercraft Trailer can be included, with a separate deductible