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 consultation. 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 Runabouts 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 Mega-Yachts High Performance Vessels ACE Recreational Marine Insurance Insurance 436 Walnut Street, WA11F Philadelphia, PA 19105 www.acemarineinsurance.com 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.
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