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
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.