PURE Watercraft Coverage
Specialized Protection for Responsible Boat Owners
PURE’s policies provide members with comprehensive coverage and exceptional claims service. Whether you own a sailboat or powerboat,
a small boat or luxury yacht — or something in between — our Watercraft Insurance policy is tailored to meet your specific needs.
A Few of Our Notable Coverage Features
Agreed Value. In the event of a covered total loss to your watercraft,
PURE will pay the Hull coverage amount listed on your policy without
application of your standard deductible (a Named Storm deductible
may still apply).
Replacement Cost. PURE will pay to repair your vessel without
deducting for depreciation on most covered partial losses. Actual
Cash Value settlement may apply on sails, outboard engines, canvas
and batteries that are more than three years old and vessels that are
for sale.
Navigational Limits. Whether navigating close to home or far away,
PURE offers coverage for cruising itineraries across the globe.
Personal Effects. If personal property or fishing equipment is damaged
or stolen from your vessel, PURE will pay to repair or replace it, up to
the limit that you choose. Subject to a $250 deductible.
Tenders. Coverage is automatically included and can be tailored to
your specific needs.
An Unrivaled Experience for High Net Worth Individuals
With PURE’s watercraft coverage, you will benefit from the same
exceptional claims, risk management and member advocate services
for which PURE is known.
Liability Protection. PURE provides coverage for legal defense costs,
damages, pollution clean-up and containment, wreck removal and
Jones Act coverage for paid crew.
Best-in-Class Claims Handling. At the time of a loss, claims are
reported to licensed adjusters, so your clients tell their story once
and the settlement process begins immediately. What’s more, our
highly-experienced in-house adjusters handle claims fast, efficiently
and empathetically. A single adjuster means a single point of contact
even when the claim involves multiple kinds of damage.
Emergency Towing & Assistance. If your vessel becomes disabled –
even if it is caused by an event not covered by the policy – PURE will
pay the towing and emergency assistance costs without application
of a deductible.
A Proactive Approach to Risk Management. Our team of risk
managers provides a range of loss prevention services aimed at
helping your clients better protect their watercraft, including advice
on hull inspections and help finding qualified hurricane shelters.
Uninsured Boater. If you or your passengers are injured due to the
actions of an uninsured boater, PURE provides coverage up to the
limit that you choose.
The PURE Member Advocate®. This concierge-level team of
professionals eliminate hassles associated with reducing risks and
resolving claims. They’re standing by to research surveyors and
repair shops, assist with background checks for your crew and even
locate temporary watercraft at the time of a claim.
Medical Payments. PURE will cover the reasonable medical and
related expenses should one of your passengers be injured aboard
your vessel.
Longshore and Harbor Workers’ Compensation Act (LHWCA).
Coverage is automatically provided for those employed aboard your
vessel who are within the jurisdiction of the LHWCA.
Marine Environmental Damage. PURE automatically provides
coverage for fines and penalties for marine environmental damage.
Hurricane Haul-Out. PURE will reimburse haul-out and storage
expenses that you incur, subject to the limit in your policy, to protect
your vessel from a named storm.
The PURE Situation RoomTM. This online resource is filled with analysis
and advice on risks facing the high net worth. In the event members
encounter a major risk – like catastrophic weather that may affect
their watercraft– we’ll alert them and offer advice, resources and the
assistance of Member Advocates to help.
Thanks to a low cost of capital, careful member selection, and
proactive risk management, PURE members report an average
annual savings of more than 25%.*
HIGH VALUE HOMEOWNERS | AUTOMOBILE | JEWELRY, ART & COLLECTIONS | WATERCRAFT | PERSONAL EXCESS LIABILITY
Average annual savings on homeowners insurance for members reporting prior carrier premiums from Jan ‘11 through Dec ‘17. Actual savings, if any, may vary. ©2017 PURE. LD#100113 EXP100114. PURE®
refers to Privilege Underwriters Reciprocal Exchange, a Florida-domiciled reciprocal insurer & member of PURE Group of Insurance Companies. PURE Risk Management, LLC, a for profit entity, (PRM) serves as
PURE’s Attorney-In-Fact for a fee. PURE membership requires Subscriber’s Agreement. Coverage is subject to insurance policies issued & may not be available in all jurisdictions. Visit pureinsurance.com for details.
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