Fireman's Fund Insurance Company is offering enhanced coverages for yachts to protect against uninsured/underinsured vessels, vermin damage, contents onboard and an electronics deductible. This addition reportedly positions Fireman’s Fund’s as a market leader with its Prestige YachtSM and Watercraft policies. Fireman’s Fund also announced a lower electronics deductible, expanded coral reef and sea grass coverage, and protection in case of total loss resulting from vermin damage. Vermin damage is reportedly of particular concern in the Pacific Northwest, where muskrats and otters have been known to chew through exposed rubber portions of engine exhausts. Other additions to Fireman’s Fund’s coverage include protection against damage to mopeds, scooters, passports, and other necessary forms of identification while they are onboard. This is a complement to the existing policies that already feature agreed value (to protect against depreciation), coverage for captain and crew under Admiralty Law including the Jones Act, protection against pollution fines up to $25,000 including “sudden and accidental” events, and a broad definition of personal effects. For further information, visit firemansfund.com.
Wednesday, April 2, 2008
Fireman's Fund Adds More Yacht, Watercraft Coverage
Fireman's Fund Insurance Company is offering enhanced coverages for yachts to protect against uninsured/underinsured vessels, vermin damage, contents onboard and an electronics deductible. This addition reportedly positions Fireman’s Fund’s as a market leader with its Prestige YachtSM and Watercraft policies. Fireman’s Fund also announced a lower electronics deductible, expanded coral reef and sea grass coverage, and protection in case of total loss resulting from vermin damage. Vermin damage is reportedly of particular concern in the Pacific Northwest, where muskrats and otters have been known to chew through exposed rubber portions of engine exhausts. Other additions to Fireman’s Fund’s coverage include protection against damage to mopeds, scooters, passports, and other necessary forms of identification while they are onboard. This is a complement to the existing policies that already feature agreed value (to protect against depreciation), coverage for captain and crew under Admiralty Law including the Jones Act, protection against pollution fines up to $25,000 including “sudden and accidental” events, and a broad definition of personal effects. For further information, visit firemansfund.com.
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