Selective Insurance Company of America, a subsidiary of Selective Insurance Group, Inc., has launched new insurance coverage for personal watercraft and watercraft equipment, including discounts and options for enhancements.
Selective’s expanded watercraft coverage offers the foundational liability, medical payments and physical damage coverage that many boat owners need. Optional endorsements are also available, including towing and assistance expense, watercraft agreed value, watercraft haul out, joint ownership and protection from damages resulting from uninsured watercraft. A suite of deductibles and discounts are available, such as new discounts for watercraft safety course completion, protective devices and newer boats.
Selective’s upgraded watercraft coverage options, which can be attached to any Selective homeowners policy, are currently available in Iowa, Minnesota, New Jersey, Rhode Island, South Carolina, Tennessee, Wisconsin, Illinois and Ohio. This coverage will also be available in Indiana, Maryland and Pennsylvania in late July, and Virginia in the coming months.
Selective Insurance Group, Inc. is a holding company for 10 property and casualty insurance offering coverage through independent agents. The insurance companies offer standard and specialty insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program.
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