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INAMAR
Insurance Policy Features
INAMAR offers an array of
insurance programs and services to satisfy the unique needs of a wide range of
boat owners. From the smallest
runabout to the largest luxury yacht, INAMAR gives you the option of tailoring
your coverage with highly individualized protection to match your needs.
Our product offering includes the
following types of policies. Please
go to our request a quote page and learn how
to obtain a no-obligation insurance quote for any of these programs:
BoatsmanSM
/ YachtsmanSM
/ Windjammer PolicySM
– The Boatsman Policy for
boats under 27 feet in length, the Yachtsman Policy for power yachts, and
the Windjammer Policy for sailing yachts, are distinctive programs for
insuring vessels used for private pleasure purposes. Each policy provides
broad, all-risk protection at competitive rates, along with liberal
navigational limits.
View
features & benefits
Charter
PolicySM
– INAMAR’s Charter policy provides comprehensive coverage for vessels chartered
for private pleasure purposes, with six or fewer passenger and a licensed
captain on board. Bareboat
chartered sailboats are also eligible for this program.
View
features & benefits
Performance
Boat ProgramSM
– The Performance Boat Program is our insurance program for insuring high
performance recreational boats with speeds of 60 mph or greater.
This program was designed to meet the unique insurance needs of high
performance boat enthusiasts throughout the country.
View
features & benefits
For information about additional insurance products
and services provided by INAMAR, or to obtain valuable boating safety and loss
prevention information, please visit
www.INAMARmarine.com.
Insurance
policies offered by INAMAR are underwritten by subsidiary insurance companies
of ACE INA that are rated* A+ (Superior) by A.M. Best Company and A+ (Strong)
by Standard & Poor’s.
*Company ratings as of May 2009
BoatsmanSM
/ YachtsmanSM
/ Windjammer PolicySM
Physical
Loss or Damage
Provides coverage for
accidental, direct physical loss or damage from an external cause, as well as
salvage charges, with few exclusions. Coverage applies to the vessel itself and
includes sails, machinery and other equipment normally required for the
operation and maintenance of the vessel. Hull
coverage is “agreed value’ on total losses and replacement cost (with no
depreciation) on most partial losses, subject to a deductible.
Liability
Covers the insured’s
liability for property damage, bodily injury or death of another person, as
well as pollution or contamination, resulting from the ownership or use of the
insured vessel. Also covered are legal defense costs, the cost of wreck removal
when required by law, and the owner’s liability to any paid crew, including
Jones Act coverage.
Medical
Payments
This coverage pays for
reasonable medical expenses resulting from injuries sustained by the boat
owner, guest or family members while on, boarding or leaving the covered
vessel.
Uninsured
Boater Coverage
Uninsured Boater
benefits cover damages resulting from bodily injuries received aboard the
insured vessel that its owner is legally entitled to recover from an uninsured
owner or operator of another vessel.
Federal
Longshoremen's and Harbor Workers' Compensation
Covers injury to people
temporarily employed aboard the insured vessel, who fall within the
jurisdiction of the Federal Longshoremen’s and Harbor Workers' Compensation
Act.
Personal
Property Coverage
Personal property
belonging to a boat owner and his/her family is covered, with optional
protection available for guests and volunteer crew.
Property is covered while aboard the covered vessel and while
being loaded and unloaded, subject to a deductible.
Towing
& Assistance Coverage
Reimbursement for
emergency commercial towing service up to $1,500, with no deductible.
Vessel
Trailer Coverage
Provides coverage for
loss or damage to the vessel’s trailer, subject to a deductible, when used
exclusively for transporting the covered vessel within the permitted mileage
range.
More
Information
For
more information about the Boatsman, Yachtsman, or Windjammer
policies available from INAMAR, call
800-324-8577,
or conveniently request a quote
on-line through this website.
The availability of
the Boatsman, Yachtsman, or Windjammer policies may vary by state. An
insured's actual benefits and policy features are dependent upon the specific
options selected.
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Charter
PolicySM
– Features & Benefits
Physical
Loss and Damage
Provides
coverage for accidental, direct physical loss or damage from an external cause,
as well as salvage charges, with few exclusions. Coverage applies to the vessel
itself and includes sails, machinery and other equipment normally required for
the operation and maintenance of the vessel.
Hull coverage is “agreed value’ on total losses and replacement cost (with no
depreciation) on most partial losses, subject to a deductible.
Liability
Covers
the insured’s liability for property damage, bodily injury or death of another
person, as well as pollution or contamination, resulting from the ownership or
use of the insured vessel. Also
covered are legal defense costs, the cost of wreck removal when required by
law, and the owner’s liability to any paid crew, including Jones Act coverage.
Alcohol-related claims are excluded under this policy, as are any claims
arising from swimming, diving and parasailing.
Medical
Payments
This
coverage pays for reasonable medical expenses resulting from injuries sustained
by persons aboard the vessel or while boarding or leaving the covered vessel.
Uninsured
Boater Coverage
Uninsured
Boater benefits cover damages resulting from bodily injuries received aboard
the insured vessel that its owner is legally entitled to recover from an
uninsured owner or operator of another vessel.
Federal
Longshoreman’s and Harbor Workers’ Compensation
Covers
injury to people temporarily employed aboard the insured vessel, who fall
within the jurisdiction of the Federal Longshoremen's and Harbor Workers'
Compensation Act.
Personal
Property Coverage
Personal
property belonging to the owner, family and clients are covered while aboard
the covered vessel and while being loaded and unloaded.
Fishing equipment is covered while temporarily stored ashore, excluding
mysterious disappearance and/or theft.
Towing
& Assistance Coverage
Reimbursement
for emergency commercial towing service up to $500, with no deductible.
Vessel
Trailer Coverage
Provides
coverage for loss or damage to the vessel’s trailer subject to a deductible.
More
Information
For more information
about the Charter Policy
available from INAMAR, call
800-324-8577,
or conveniently request a quote
on-line through this website.
The availability of the Charter
Policy may vary by state. An insured's actual benefits and policy features are
dependent upon the specific options selected.
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Performance
Boat ProgramSM
Physical
Loss or Damage
Provides
coverage for accidental, direct physical loss or damage to the insured vessel
while afloat, ashore or in transit within 250 miles of the owner’s home
address, subject to exclusions. Coverage
is provided on an actual cash value basis for both total and partial losses.
Mysterious disappearance and/or theft without visible signs of forced
entry are excluded. Loss or damage
to machinery inside or outside the vessel and any salvage charges are limited
to 25% of the property damage coverage limit.
Minimum deductible is 3% of the insuring amount or $1,000 whichever is greater.
Named operator exclusion applies.
Liability
Covers
the insured’s liability for property damage, bodily injury or death of another
person resulting from the ownership or use of the insured vessel. Also covered
are legal defense costs, pollution & contamination, and the cost of wreck
removal when required by law. The
owner’s liability to any paid crew is not covered under this policy.
Medical
Payments
This
coverage pays for reasonable medical expenses resulting from injuries sustained
by the vessel owner, guest or family members while on, boarding or leaving the
covered vessel.
Uninsured
Boater Coverage
Uninsured
Boater benefits cover damages resulting from bodily injuries received aboard
the insured vessel that its owner is legally entitled to recover from an
uninsured owner or operator of another vessel.
Federal
Longshoreman’s and Harbor Workers’ Compensation
Covers
injury to people temporarily employed aboard the insured vessel, who fall
within the jurisdiction of the Federal Longshoremen's and Harbor Workers'
Compensation Act.
Personal
Property Coverage
Personal
property belonging to the vessel owner and family is covered.
Property is covered while aboard the covered vessel and while being
loaded and unloaded.
Towing
& Assistance Coverage
Reimbursement
for emergency commercial towing service up to $500, with no deductible.
Vessel
Trailer Coverage
Provides
coverage for loss or damage to the vessel’s trailer, subject to a deductible.
More
Information
For more information
about the Performance Boat program available from INAMAR, call
800-324-8577,
or conveniently request a quote
on-line through this website.
The availability of the
Performance Boat Program may vary by state. An insured's actual benefits and
policy features are dependent upon the specific options selected.
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