American Modern's Yacht product differs from the Boat product not just in the length of the craft, but also in the options that can be added to customize the yacht’s coverage. This gives you, the agent, much more flexibility to build a package of coverage well-suited to the vessel.
When to write
The Yacht program accepts vessels 27 to 64 feet in length and up to $1M in value. Smaller craft may be eligible for the Boat program.
What’s eligible
- Cruiser
- Sport fish
- Sailboat
- Pontoon performance up to 120 mph
- Houseboat (can be longer than 64 feet)
Important options
- Hull damage (includes ensuing loss) with deductible between 1% and 10%
- Named storm coverage with deductible from 1 to 20%
- Boat lift
- Bow-to-stern protection
- Diminishing deductible
- Pro angler
- Chartered fishing guide
- Occasional charter
- Rental reimbursement
- Tournament fee reimbursement
- Trailer physical damage
- Travel loss
- Nautical collectibles
Included coverage
Insure for either full coverage or just liability, and choose an agreed-upon value total loss settlement, replacement cost, or actual cash value.
- Hull damage (includes ensuing loss) with deductible between 1% and 10%
- Named storm coverage with deductible from 1% to 20%
- Boat lift
- Bow-to-stern protection
- Diminishing deductible
- Pro angler
- Chartered fishing guide
- Occasional charter
- Rental reimbursement
- Tournament fee reimbursement
- Trailer physical damage
- Travel loss
- Nautical collectibles
This product or individual options may not be available in your state. Check the program manual for coverage definitions, limits, conditions, limitations, and exclusions. A full program guide can be found under the Forms tab in AMsuite.
Available in the Following States
- Arizona
- Idaho
- Iowa
- Minnesota
- Montana
- Nebraska
- North Dakota
- Oregon
- South Dakota
- Washington
- Wisconsin
- Wyoming
