Boats, even small ones, are complicated to take out of storage, even from a secure facility. The bigger the boat or ship, the more that needs to be checked and prepped.
Big "I" Markets partner Chubb is sharing their updated "Coming Out of Lay-Up" tip sheet, along with a full length "Coming Out of Lay-Up" brochure. Developed by Chubb's team of highly experienced marine specialists, these education resources are designed to help yacht and boat owners store their vessels safely over the winter and ensure readiness for spring.
We encourage you to share this valuable information with your clients whenever possible. You can download the PDFs from the following links:
Chubb Recreational Marine
has been a leading provider of boat and yacht insurance for decades, offering comprehensive policies for private pleasure watercraft of all sizes. The Yachtsman®/Boatsman® Policy provides all-risk protection for a wide range of pleasure boats and yachts, including select occasional charter opportunities, along with many unique benefits and features.
Elite Yacht® Program (70' or larger, valued at $3 million or greater, having a full-time paid captain)
The Elite Yacht® Program is Chubb's exclusive program to fulfill the specialty insurance needs of luxury yacht owners with vessels valued at $3 million or greater. Exceptional yachts require specialized insurance protection and the Elite Yacht Program provides significantly increased benefit levels for a broad range of coverage, along with many other valuable and unique policy features. Log into www.bigimarkets.com for full details.
Yachtsman®/Boatsman® Policy - Yachts (27' or greater and up to $3 million in value)
Length: Minimum 27' - no maximum
Hull values: No minimum - $3 million maximum
Private, recreational watercraft
Available in all states except Alaska and limited availability for permanently moored Florida risks: Florida eligibility is only available for preferred vessels over $1 million in value with a permanent, full time captain employed
Owners/Named insured must be 21
Vessel owners should be experienced in similar size/type vessels. Refer first time boat owners or those making a jump of 10' or more.
No high-performance vessels
Condition and Valuation surveys required at 10 years of age for salt water risks. 20 years of age for fresh water risks.
Lay-ups - afloat or ashore
Yachtsman®/Boatsman® Policy - Small Boats (less than 27')
- Length: no minimum - maximum under 27'
- Hull values: no minimum - no maximum
- Private, pleasure use watercraft
- Both bass boats and pontoon boats on inland waters acceptable.
- Available in all states except Alaska
- Some availability for permanently moored Florida watercraft
- No high-performance boats
- Owners/Named insured must be 21
- Some boating experience is desired - refer first time boat owners
Personal Watercraft (PWC)
- Owners/Named insured must be 21
- Licensed driver
- Personally owned
- Recreational use only
- No more than two unrelated owners
- Speed up to 60 mph
- Seats 2-3 people
- 7 ft. up to 16 ft. in length
- No modifications
- Water-jet propulsion
- Owner and Operators must have clean MVR (0-2 points)
- MVRs required if operator under 25 years old
Sail over to www.bigimarkets.com
and choose any of these products from the personal products menu to review full coverage details or to submit a quote.