ºÚÁϲ»´òìÈ

For immediate release
New York Press Office: (212) 346-5500; media@iii.org Ìý

NEW YORK, January 24, 2020 — Reporters covering this weekend’s Progressive ºÚÁϲ»´òìÈ and seeking insights on how to insure recreational watercraft can contact the (Triple-I).

Boat insurance policies provide coverage to repair a policyholder’s boat if the vessel is damaged or destroyed due to a collision, striking a submerged object, fire, theft, vandalism, windstorm, or lightning.

Other boat insurance coverages include:

• Damage caused to someone else’s property
• Medical payments, for injuries to the boat owner and other passengers
• Bodily injury, for injuries caused to another person
• Guest passenger liability—legal expenses incurred by someone using the boat with the owner’s permission
• Hurricane haul-out provisions to keep the boat out of harm’s way
• Full salvage coverage—includes wreck removal
• Consequential damage coverage for major events, such asÌýa sinking
• Fuel spill liability protection for cleanup or third-party property damage caused by a boat’s accidental discharge
• Personal effects coverage for expensive equipment, such as watersports toys or fishing gear
• Ice and freeze coverage for damage to a boat’s engine and water systems

Boat insurers price their policies based largely on the boat owner’s experience and background, and the boat’s make, model, age, market value and cruising area.

The Progressive ºÚÁϲ»´òìÈ New York Boat Show concludes on Sunday, Jan. 26, at the , 655 West 34th Street, New York, NY 10001.

RELATED LINKS

Article:

The I.I.I. has a full library of educational videos on itsÌý. Information about I.I.I. mobile apps can be foundÌýhere.

THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.

ºÚÁϲ»´òìÈ Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500;Ìý