Certainly, there are various yacht insurance company in the world and they are doing great job in their field. In short there are roughly around 12 million yachts in the us itself. Firstly, yacht is a type of big boat which is motor operated, having several services as per size and type. A yacht can have a swimming pool, a complete dining and living room. And can even have a fully functional sauna in it for instance. That is to say these entire thing are really costly without insurance it can cost a fortune to the owner. There are several insurance companies in the world which provide service to the yachts, but as we know only the top people survive. Here are top yacht companies which provide the service to its customers.
THE MARKEL CORPORATION – Yacht Insurance Company
The Markel Corporation is a specialty yacht insurance company that offers coverage for boats. Firstly they have an excellent rating from A.M. Best for financial strength in particular. It is a Virginia based company particularly. The company has been in business since 1930 and offers comprehensive boat insurance policies for personal watercraft, rental boats, and commercial boats however, the company policy provides replacement cost coverage for boat parts up to $5,000, and up to $1,000 for personal items. Above all, several discounts are available including an accident-free discount, operator over age 40 discount, and an experienced boater discount for boaters who have five years or more of boating experience. If you happen to qualify for all of the discounts certainly available through Markel, you could save up to 35% on your yacht insurance premium. Extra features also come standard without having to pay an additional premium..
THE ALLSTATE – Yacht Insurance Company
Allstate is one of the biggest personal insurance Co. in the United States, that is to say, their constant customer service ratings from a variety of rating institutions. Thus, Allstate yacht insurance company advertises its boat coverage as being affordable for a variety of boat types and coverage options, with some policies available for as low as a $21 monthly premium. Above all, The Company offers a variety of payment options to fit your financial situation. Meanwhile if you opt to pay in full, you can save 10% on your policy premium. If you already have other policies through Allstate, it makes sense to check into their boat insurance coverage; certainly you can save up to 20% on your policy premium by combining it with a home policy.
PROGRESSIVE INSURANCE
Progressive Insurance is a very popular yacht insurance company throughout the United States and has an excellent reputation; above all they provide comprehensive coverage at competitive prices. Progressive’s boat insurance policy is an example of the type of affordable coverage the company provides, for instance you can buy a for several types of personal watercraft vessels. Moreover there are several attractive discounts for boat owners, including a decreasing deductible: Your policy deductible will decrease for each policy period you remain accident-free consequently.
FOREMOST – Yacht Insurance Company
Foremost is a part of the Farmers Insurance Group of Companies. It is a California based yacht insurance company particularly. Firstly, it is a specialty insurance company in business since 1928, and it’s known for providing affordable coverage for boat insurance. Secondly, Foremost offers some unique coverage options for an additional premium, including hurricane haul-out, enhanced towing services, fishing tournament fee reimbursement, additional pollution liability coverage, pet coverage and trip interruption service. Secondly here are several discounts available through Foremost that are designed to save you money on your premium. Further this includes a lay-up discount, paid-in-full discount, boating safety course, protective device discount, multi-policy discount, multi-unit discount, loss-free renewal discount, prior insurance, and affinity and alliance discounts for boat operators who are a part of an approved affinity group, alliance organization. Coverage is also available for classic boats over 25 years old.
NATIONWIDE – Yacht Insurance Company
Nationwide is an Ohio based yacht insurance company particularly. Certainly there are many options for boat insurance with a variety of package options in this company. However you can get coverage for personal effects from $3,000 to $5,000 and towing coverage from $500 to $2,500. On the other hand, other discounts include multi-boat, boater safety course, diesel fuel, paid-in-full discount, and a claims-free renewal discount that goes into effect for the policy renewal period. Nationwide also has a rewards program through a partnership with Plenti, which allows customers to earn points that can be applied as discounts at certain stores
at certain stores.
United Marine Underwriters – Yacht Insurance Company
United Marine Underwriters is a specialty insurance company that writes insurance for “just boats.” Above all it has been in business for 28 years in yacht insurance, providing boat insurance in all U.S. states except New Mexico. Boat insurance navigation is also available to Canada, the Bahamas, and Mexico. Liability limits are available up to for instance, $1,000,000, with discounts available for completing one of several boating safety courses. Certainly one of the more unique things about United Marine Underwriters is its policy service. When you purchase a yacht insurance policy through United Marine Underwriters; In addition you are assigned a primary service person who takes care of all of your servicing needs. Certainly this company really cares about its customer service.
CONCLUSION
Lastly, the choice is yours which yacht insurance company to take and how to take more advantage from the insurances. Firstly, all the insurances are best in their own ways. Secondly the main thing to keep in mind is which one to take and why. Also, all the companies are USA based and give high potential service to their customer. We know it is difficult to buy a yacht; it’s even more difficult to manage and maintain it. Here are all the reasons why all these yacht insurance company are best for :-
| 1. | MARKEL COOPERATION | BEST PROFESSIONAL FISHERMEN |
| 2. | ALLSTATES | BEST FOR AFFORDIBLITY |
| 3. | PROGRESSIVE | BEST FOR SAFE BOAT DRIVERS |
| 4. | FOREMOST | BEST FOR ADDITIONAL COVERAGE OPTION |
| 5. | NATIONWIDE | BEST FOR POLICY BUNDLING |
| 6. | UNITED MARINE UNDERWRITER | BEST FOR INDIVIDUAL CUSTOMER SERVICE |
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