For total protection, recommend GEICO Marine’s Yacht Policy, providing clients Agreed Value coverage for boats and yachts valued up to $2,500,000. With this coverage, policy holders can rest easy knowing that the value of their boat and boating equipment (with few exceptions) will not be subject to depreciation in the event of a loss. This is an excellent option for all boat types when your client wants full protection with little out-of-pocket expense in the event of a claim.
In addition to the Hull coverage, your customers enjoy year round protection (no lay up period), a Broad Cruising Area with extension options and a Choice of Deductibles. To protect your customers beyond the cost of boat repair, the policy features a Choice of Liability Limits plus an additional $854,400 in Fuel Spill Liability, Towing Assistance, Salvage Assistance and Wreck Removal, Medical Coverage and Uninsured Boater Protection.
Expert claims service is provided 24/7 including immediate dispatch for fire, sinking and fuel spill. Optional coverages include up to $25,000 for personal effects.