Announcing the most comprehensive yacht insurance package policy ever available --- the Millennium Mariner ! This new yacht insurance policy offers broader basic coverage, automatically higher limits and "agreed value" protection … all under one policy at very affordable premiums.
Check your yacht policy and ask yourself: "Do I have all these special coverages in my current Yacht Insurance Policy?" Underinsured Boaters Insurance Coverage Automatic lower $250 Electronic Navigation Device Deductible Automatic $3,000 "Unscheduled" Dinghy, Tender and Attached Outboard Motor Coverage Additional Repairs Coverage ( for as long as you own your yacht and continuously insure it with us) Rental Reimbursement Coverage "Limited" Contractual Liability Coverage Hurricane/Named Storm Protection Coverage Chartering Liability Coverage (for "qualified" Insureds) Leased Yacht Coverage If you don't, you should and all at no additional cost!!! It makes good sense to let Old United Casualty Company handle your yacht insurance because Old United is one of the most innovative insurance companies specializing in yacht insurance. Our yacht "package policy" allows you to customize your policy by choosing higher limits or lower deductibles, and all at a minimal additional cost. Old United's Millennium Mariner Yacht Insurance Policy provides superior coverage, higher standard limits, flexibility in customizing your policy and special premium discounts. Various factors other than age, size, value and area of navigation of your yacht are considered in determining premiums. Years of yachting experience, previous yacht and boat ownership, completion of boating education courses, on-board automatic fire protection, as well as anti-theft and navigational equipment are considered when providing you with the most competitive price. Old United's coverage is superior in a number of ways: "All Risk" coverage afloat, ashore or in transit includes hull, machinery, sails and fittings. Also it includes yacht trailers when scheduled separately, and dinghies, tenders, and outboard motors for values exceeding $3,000. when scheduled separately. Unattached equipment and accessories are insured up to 50% of the yacht's hull insured value when stored ashore. "Agreed Value" Policy [except on outboard motors seven (7) years of age or older and certain normal depreciable items outlined in the Policy ---i.e. batteries, upholstery, carpeting, trailer tires, etc.]. Emergency Service Coverage (including yacht trailer roadside service) of $500.* Personal Effects Coverage of $2,500 is included. * Liability Coverage up to $1,000,000 is available. Medical Payments Coverage of $10,000 per accident now on an excess basis for "Insureds" and on a primary basis for passengers and guests. Uninsured/Underinsured Boaters Coverage which now matches the Liability/Protection and Indemnity (P&I) limits chosen (subject to a maximum Uninsured/Underinsured Boaters Coverage limit of $500,000). Longshore And Harbor Worker's Compensation Coverage Liability Coverage for use of Non-owned and Loaner Watercraft. Newly Acquired Property Coverage. Wreck Removal Expense Coverage. Defense Cost Coverage. Contaminant/Fuel Spill Coverage with $500,000 limits is available at a nominal $25 additional premium charge. * Higher levels of coverage are available, subject to a nominal additional premium charge THE MILLENNIUM MARINER PROGRAM'S SPECIFICATIONS Qualifications To be used for yachts more than 26 feet in length with a hull value of $5,000 up to $2 million and 20 years old or less. Normal maximum speed is up to 45 M.P.H. Valuation "Agreed value" except for certain specific scheduled items subject to depreciation as outlined in the Policy. Outboard motors seven (7) years or older are subject to "actual cash valuation".
Coverages And Sublimits 1. Coverage "A": 2. Coverage "B": 3. Coverage "C": 4. Coverage "D": 5. Coverage "E": 6. Coverage "F": Yacht Hull And Equipment (physical damage) $5,000 to $2,000,000. Yacht Liability/Protection & Indemnity (P&I) Options of $50,000, $100,000, $300,000, $500,000, and $1,000,000. Longshore And Harbor Worker's Compensation Statutory Limits. Medical Payments Coverage $10,000 per accident. Uninsured/Underinsured Boater's Coverage Matches whatever Liability/P&I limits chosen by the "Insured", subject to a maximum of $500,000. Personal Effects Coverage Standard coverage at no additional charge is $2,500, subject to a $250. deductible. Higher limits are available up to $25,000 at a higher deductible. 7. Emergency Service/Towing Coverge Standard "no-cost" coverage is $500 with no deductible. Higher limits are available up to $10,000 for yachts valued at $1,000,000 or more. Deductibles Yacht and Equipment are subject to a standard deductible of 1% of the yacht's hull value with options of 2%, 3%, 4%, or 5%. Each policy now automatically comes with a standard lower $250 Electronic Navigation Device Deductible built right into the Policy! Minimum Premiums $250 for sailboats and $300 for powerboats. All new policies are subject to a one-time flat $25 fully earned "policy service fee" (except in states where prohibited by law). OPTIONAL COVERAGES AVAILABLE Contaminant/Fuel Spill Pollution Liability Coverage Endorsement with $500,000 limits at a nominal additional premium charge of $25. Captain / Crew Coverage Endorsement Navigation Limit Extension Endorsement for special trips an "insured" may decide to take in the future. Land Transportation Extension Endorsement "Six Pack" Charter Coverage Endorsement "High-Performance" Coverage Endorsement for "qualified" owners and yachts capable of speeds up to 90 M.P.H. So cruise into the next millennium with the protection and peace of mind you deserve by insuring your yacht with Old United Casualty Company's "Millennium Mariner" Yacht Insurance Policy today! Either call us at 1-800-866-6090, fax us at 1-800-777-2628, or e-mail us at tbankston@vtaig.com for a free, no obligation quote!