Yacht and Boat Insurance by xiuliliaofz


									From ski boats to large                                          Marine Expertise and Dedicated Service

                                                                 ACE’s experienced staff of marine insurance professionals, many
luxury yachts – and all                                          of whom are boaters themselves, will help manage all aspects
                                                                 of your yacht and boat insurance and assist with the individual
those in between – you’ll                                        requirements you may have. And if you do suffer damage or a
                                                                 loss to your vessel, our dedicated marine claims specialists will                                         ace recreational
want to be covered by
                                                                 be there to expedite the settlement process for you.
                                                                                                                                                                           marine insurance
                                                                 Along with superior service and insurance protection, ACE’s
                                                                 customers benefit also from our comprehensive loss control
the nation’s oldest marine                                       services. ACE is a leader in promoting maritime safety and our
                                                                 team of highly qualified marine surveyors, engineers and loss
                                                                 control experts are available to assist customers with marine
insurance provider.                                              surveys, technical questions and in some cases, onboard

                                                                 We invite you to discuss ACE’s outstanding coverage and service
Protecting boaters and their                                     with one of our marine insurance specialist agents or brokers.
vessels, whether they are 20
or 200 feet in length, requires
sophisticated knowledge,
experience and a degree of
creativity. ACE Recreational Marine
Insurance® has all this and a more
than 200-year history that began
in 1792 when our predecessor
company wrote the very first
                                                                 ACE Recreational Marine Insurance is a member of the ACE
marine insurance policy in the                                   Group, one of the world’s largest property and casualty insurance
United States.                                                   businesses. The ACE Group of Companies provides a diversified
                                                                 range of insurance and reinsurance products and services
Since then, ACE has been              Ski Boats                  through operations in nearly 50 countries around the world.
a pioneer in offering marine
                                      Personal Watercraft
coverages suited for all sizes
and types of pleasure yachts          Cruisers
and boats.                            Sport Fishing Vessels
                                      Sailboats                              ace recreational
                                      Select Charter Boats                   marine insurance                                                                             Yacht and Boat
                                      High Performance Vessels
                                                                 ACE Recreational Marine Insurance                                                                        Insurance
                                                                 436 Walnut Street, WA11F
                                                                 Philadelphia, PA 19105

                                                                 ACE Recreational Marine Insurance is the marine marketing and underwriting division of ACE USA,
                                                                 the U.S.-based retail operating division of the ACE Group. Insurance policies issued by ACE are
                                                                 underwritten by the insurance companies of ACE USA that are rated* A+ (Superior) by A.M. Best
We cover your boating lifestyle – whether it’s                   Company and A+ (Strong) by Standard & Poor’s.
                                                                 *Company ratings as of October 1, 2010.

cruising, water skiing, entertaining or fishing –                This summary of available coverages is intended as general information and is not intended to
                                                                 amend, alter or modify the actual terms or conditions contained in any policy of insurance or its
contact a local ACE agent today for details.                     declarations. Exclusions and limitations may apply to some losses. Coverage may not be available
                                                                 in all states. Coverage is governed solely by the terms and conditions of the policy itself. Insurance
                                                                 buyers should consult their agent, broker or other insurance professional if they have questions about
                                                                 their insurance needs.

                                                                 617058      10/2010
Policy Coverages

Covering all types of yachts and boats is just the first of
many advantages to insuring with ACE. Our policies have
long been considered the standard by which others are
measured, providing the most comprehensive coverages
along with unique benefits and features, including:
                                                                         Policy Coverages (continued)

Agreed Value Coverage – We pay the entire agreed amount, with            Personal Property & Fishing Equipment Coverage –                                    Additional Advantages of being an ACE Customer
no deductible, for a total loss.                                         Protection is automatically included for the clothing, personal                     To further satisfy your every marine insurance need, we
                                                                         effects and fishing gear of the boat owner and guests.                              also provide such advantages as:
Replacement Cost Loss Settlement – Repair or replacement of              Optional higher limits are available.
covered property is paid for without deduction for depreciation for                                                                                          •	 Among	the	Most	Liberal	Navigation	Limits
most partial losses.                                                     Search & Rescue / Emergency Services Coverage –
                                                                         Expenses incurred by an insured in relation to a governmental                       •	 Convenient	Electronic	Payments	by	Credit	Card	or	Direct	Debit
Liability Protection – Limits of coverage to suit your personal          unit such as the USCG that provide emergency aid and                                •	 Premium	Discounts	for	Qualifying	Customers
needs, including: legal defense costs, pollution and contamination       assistance, are included for no additional charge, up to a
coverage, wreck removal and Jones Act coverage for paid crew.            $10,000 limit.                                                                      •	 Access	to	Informational	Website	with	Boat	Safety
                                                                                                                                                                and Maintenance Tips
Medical Payments – Reasonable medical and related expenses               Towing & Assistance – Our policy includes this coverage,
are included for all those onboard, or boarding or leaving the           with optional higher limits available.
covered vessel. These benefits are provided on a per person basis,
                                                                                                                                                             ACE Programs and Endorsements
rather than per occurrence. Optional and customized limits are           Tender/Dinghy Coverage – We automatically include this                              ACE has designed a variety of programs and endorsements to
available.                                                               protection, with optional limits and deductibles available.                         serve the precise insurance needs of yacht and boat owners.

Uninsured Boater Coverage – Pays for bodily injury to persons            Trailer Coverage – Optional protection is available with a low                      Yachtsman/Boatsman® Policy
aboard the insured watercraft who are injured by an uninsured            deductible.                                                                         comprehensive, all-risk and agreed value protection for a wide
owner or operator of another vessel.                                                                                                                         range of yachts and boats
                                                                         Boat Show & Demonstration Coverage – We automatically
Oil Pollution Act of 1990 (OPA Coverage) – If you purchase               provide this coverage, at no additional charge.                                     Partial Loss Actual Cash Value Endorsement to
Liability coverage, our policy provides coverage in addition to the                                                                                          Yachtsman/Boatsman® Policy
Liability limit up to the required OPA statutory limits, regardless of   Automatic Coverage for Marinas as Additional Insured –                              an economical alternative to meet the needs of cost-conscious
the amount of the Liability limit chosen. If the OPA statutory limit     Marinas, yacht clubs and similar facilities where insureds keep                     boaters that offers significant savings to those who want to
is increased in the future, our policy will automatically increase the   their vessels are included automatically as Additional Insureds.                    protect their vessels fully with agreed value protection in the
applicable OPA limit to match the new higher statutory limits.                                                                                               event of a total loss, but opt for an actual cash value (ACV)
                                                                         Hurricane Haul-Out Coverage – Included automatically at                             option for partial losses
Marine Environmental Damage Coverage – Protection is                     no additional charge, clients residing in storm-prone areas are
automatically provided up to $10,000 per occurrence, for fines           provided with coverage for haul-out and storage fees when                           Paragon YachtSM Endorsement
and penalties for marine environmental damage, as defined by the         necessary to protect an insured yacht during a named storm.                         designed exclusively for finer, high quality vessels valued between
policy terms. This coverage limit is in addition to the insured’s                                                                                            $1 million and $5 million, providing many additional benefits
applicable Liability and OPA limits.
                                                                                                                 Photo provided courtesy of Spencer Yachts   Elite Yacht Program®
Federal LHWCA – When liability coverage is purchased, coverage                                                                                               superior coverage with unique benefits for larger luxury vessels
is automatically provided for those employed aboard the vessel                                                                                               valued at more than $5 million, including many deductible-free
who are within the jurisdiction of the Federal Longshore and Harbor                                                                                          coverages
Workers’ Compensation Act.
                                                                                                                                                             Personal Watercraft Policy
                                                                                                                                                             competitively priced coverages for a range of models

                                                                                                                                                             Performance Boat Policy
                                                                                                                                                             designed to cover higher speed vessels that exceed 55 mph

                                                                                                                                                             Charter Policy
                                                                                                                                                             Six-Pac and other occasional charters may qualify for this
Whether you’re interested in coverage for a large                                                                                                            coverage, and a more affordable Departure Charter PolicySM
yacht or small runabout, or a policy to cover pleasure,                                                                                                      is also available that provides actual cash value benefits
corporate or occasional charter use, ACE can offer
the protection you need.                                                                                                                                     Please contact one of our independent agents or brokers
                                                                                                                                                             for more details.

To top