Agent Portal: Foremost: Boat

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Included, Optional Coverage, Discounts

Boat Guide

Included

Package Features Saver Plus Elite PWC PWC Elite Pontoon Pontoon Elite
Actual Cash Value Settlement X X X
Agreed Value Settlement X X X X
Total Loss Replacement Cost X X X X
Watersports Liability X X X X X
Diminishing Deductible X X X X
Depreciation Waiver X X X X
Hurricane Haul-Out X X X X
Tournament Fee Reimbursement X X
Boat Lift/Hoist/Cradle X X X
Dinghy X
Bahamas and Mexico Waters X
Pet Coverage X X
Extended Pollution Liability X X X
Trip Interruption X X X
Enhanced Towing X X
Loss Forgiveness X X X
Guaranteed Renewal X X
Deductibles
  • Available Deductibles (may vary by package): $250, $500, $1,000, $2,500, $5,000, as well as 1%, 2%, and 5%.
Personal Liability
  • $10,000 to $500,000
  • Includes pollution liability
  • Wreck removal included
Medical Payments
  • Up to $10,000
UIM Bodily Injury
  • Up to $500,000
Total Loss Replacement Cost
  •  Covers the total loss at replacement cost.
Watersports Liability
  • Liability coverage for watersports such as waterskiing, tubing, and wakeboarding.
Diminishing Deductible
  • We will reduce any applicable deductible by 25% for each consecutive year a watercraft is insured in the Marine Choice program without a paid loss.
Depreciation Waiver
  • Depreciation will not be applied to any partial loss payments on certain items such as outboard motors, outdrive power units, sails, carpeting, and batteries.
Hurricane Haul-Out
  • If a Tropical Depression, Tropical Storm, Hurricane or Nor’Easter watch or warning is issued for the location of the watercraft, this coverage will reimburse the costs to have the vessel moved by a professional.
Tournament Fee Reimbursement
  • Provides reimbursement for out-of-pocket fishing tournament entry fees if the insured is unable to participate in a tournament due to a covered loss.
Boat Lift/Hoist/Cradle
  • Provides up to $2,000 for covered damage to an insureds boat lift, cradle, or hoist.
Dinghy
  • Provides up to $10,000 coverage for a covered loss to a dinghy primarily used as the tender to the insured watercraft.
Bahamas and Mexico Waters
  • Navigation coverage is extended to Bahamian waters and Mexican waters.
Pet Coverage
  • If Personal Property coverage is purchased, up to $1,000 is provided for injuries or death to a cat or dog occurring as a result of a covered loss while on the watercraft.
Extended Pollution Liability
  • In addition to the limit of Personal Liability purchased, we will pay up to the statutory limit as specified in the Oil Pollution Act of 1990.
Trip Interruption
  • Reimbursement for lodging, meals, rental and transportation costs due to a covered loss of the watercraft or disablement of the trailer.
Enhanced Towing
  • In addition to our standard towing coverage services, we will also pay up to $250 per disablement for the cost of gas and oil.
Loss Forgiveness
  • If an insured has not incurred a loss over a three year period, the first non-liability loss will not be surcharged.
Guaranteed Renewal
  • We will offer a renewal on subsequent terms if the risk remains within our underwriting standards.
Other Highlights
  • Online Services Available.

Optional Coverage

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Towing and Assistance
  • If the watercraft is disabled while afloat or away from safe harbor or the trailer is disabled, we will pay for: • The cost of emergency labor performed at the site of disablement; or • Towing to the nearest place where needed repairs can be made; or • Delivery of gas, oil or battery; however, unless an Elite Package is purchased we do not pay for the cost of the items.
Trailer Coverage
  • Deductibles include: $250 and $500
Replacement Cost Personal Property
  • Covers the personal property in the vessel.
  • $100 deductible applies

Discounts

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Boating Safety Course/License
  •  5% – 20%.
  • This additive discount will apply if any owner/operator has taken approved  boating safety courses or holds approved marine licenses.
Protective Device
  • 2% – 10%
  • This additive discount applies to a watercraft when one or more of the following are part of the watercraft: Automatic Fire Extinguishing Equipment, Central Station Monitoring System, Alarm System (High Water/Fire/Theft), No Strike Lightning System, Theft Recovery System, Dock Assist, NMMA Certification or PWC Brake System.
Multi-Policy
  • 8% – 16%
  • Available when the Named Insured maintains one or more additional personal lines or life policies with Foremost, Farmers Bristol West universal or variable universal policy, have a face amount of $50,000 or greater, be issued to an adult and be in force.
Multi-Unit
  • 10% – 15%
  • This discount applies when two or more watercraft are insured on the same policy.
Affinity and Alliance
  • 5%
  • Operators who are members of an approved affinity group or alliance organization will receive a discount.
Paid in Full
  • 10%
  • This discount will apply to new business when the Named Insured elects to pay the premium in full when the policy is issued.
Loss Free Renewal
  • 10%
  • This discount will apply to a policy after three years of loss-free experience.
Prior Insurance/Transfer
  • 3%
  • This discount will apply if the First Named Insured had watercraft insurance for at least one full year with a company other than Foremost or Farmers. Up to a five-day gap between the effective date of our policy and the prior insurance date will be allowed. Applies to the first term only.
Lay-Up
  • 3% – 5%
  • This discount will apply to watercraft that are laid up and stored out of water for at least three months.
Insured Age
  • 7%
  • This discount will apply when the First Named Insured is 55 or older.

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