Personal Watercraft Program

Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR Personal Watercraft program is available to all agencies appointed by ACE for recreational marine insurance. The program is offered currently in 42 states and the District of Columbia and will be available on a national basis in the coming months. The new INAMAR Personal Watercraft program includes personal property, trailer, towing and overland transit coverage, and medical payments, as well as uninsured boaters coverage equal to the liability limit, and includes the option of covering multiple PWCs under one policy. Other marine programs are available through INAMAR to protect a variety of yachts and boats of all sizes, as well as marine-related businesses such as yacht clubs, marinas, and boat dealers.

Dollars: Limits: ACV physical damage; liability limits to $300,000; deductibles $250/$500/$1,000; medical payments $1,000; personal property $500; towing $150; uninsured boater equal to liability limit; trailer coverage included no charge; pollution liability $500,000.

Carrier: ACE American Insurance Co. (admitted), rated “A” (excellent) by A.M. Best and “A+” (strong) by S&P.

States Available: All except California, Florida, Louisiana, Maine, Maryland, Michigan, Virginia and Washington.

Contact: Peter Lafontaine, (215) 640-2609, or peter.lafontaine@ace-ina.com.