Chubb helps protect your watercraft with coverages that are most important to you. Consider these advantages over other insurers' policies.
Replacement Cost: If your watercraft is insured for less than $1 million and is three years of age or less, Chubb will pay the full replacement cost for a total covered loss, even if this amount is greater than the amount of physical damage coverage listed on your policy.
Agreed Value: For boats insured for $1 million or more or that are over three years of age, Chubb offers "agreed value", which essentially settles a covered loss before it occurs. You and Chubb determine the insured value for your watercraft when the policy is issued and that is the amount you would receive for a covered total loss.
12 Months Navigation: Chubb provides year-round navigation coverage with seasonal navigation prices. Many other policies impose time restraints on when you can and cannot use your watercraft.
Precautionary Measures: Chubb will pay up to $1,500 for the reasonable costs you incur to move your watercraft out of harm's way from a hurricane, marina fire or other covered peril.
Emergency Towing and Service: For an emergency other than a covered loss, such as the need for delivery of necessary fuel or towing to the nearest marina or service station, Chubb automatically covers the reasonable costs for towing and service for your watercraft and trailer. What's more, no deductible applies.
This information is advisory in nature. No liability is assumed by reason of the information in this document.