The Need
If you own a watercraft that is valued over $1,000 and is powered by an engine of greater than 50HP or is a sailboat greater than 26ft in length, you should consider adding the Watercraft Coverage endorsement. You will want to have coverage for both the physical damage loss as well as for liability.
What’s Covered?
\We will pay for the direct and accidental loss to the following property while it is afloat, on shore or being transported on land:
- The insured watercraft you describe in the Schedule including permanently attached equipment;
- The motor(s) you described in the Schedule;
- Detachable equipment usually required on board for operation or upkeep of a watercraft. Portable electronic, photographic or water sports equipment, fishing gear, and other property not specifically for marine use are not included;
- The trailer used for transporting the insured watercraft.
- Fast, face-to-face response. We settled 90% of Hurricane Isabel claims in 60 days and 90% of Ernesto claims in 30 days. We have independent agents in 185 locations throughout Virginia.
- Valued customer discounts. If you have both your homeowners and your automobile insurance with us, you get a 25% discount on your automobile policy and a 10% discount on your homeowners policy. If you haven’t had a ticket in three years, you may qualify for a 15% discount on your automobile insurance. And, we offer additional discounts to non-smokers and other responsible policyholders.
- Financial strength. The world’s largest and most authoritative source on insurance carriers’ financial strength and ability to pay claims, AM Best, rates us A- (Excellent). Demotech, a leading financial analysis and actuarial consulting firm, has rated Northern Neck Insurance Company A” Double Prime, unsurpassed in financial stability.
- Convenience. In addition to home and auto insurance, we offer boat, umbrella, home office, equipment breakdown, identity theft and extended replacement coverage. So you can get all of the coverage you need in one place, with one point of contact, when you have a claim or a question—your local independent insurance agent.
This is not an offer to contract. Policies contain limits, exclusions and conditions that are not listed here. For full details about your specific coverage, please consult with your agent and read your policy carefully.
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