Optional Coverage Endorsements

Subject Endorsement Name and Form Number Description or Use
Additional Interest Watercraft Joint Ownership Coverage
WT 03 01		 Provides coverage for additional owner of the watercraft.
Watercraft Additional Insured- Lessor
WT 03 02		 Names Lessor as an additional Insured.
Agreed Value Watercraft Agreed Value Coverage
WT 05 02		 Predetermined value of watercraft.
Boat Lift Boat Lift Coverage
WT CW 0016		 Direct or accidental loss to a boat lift that is mobile and not premanently attached to any surrounding structure. ACV coverage applies.
Haul Out Expense Watercraft Haul Out Expense Coverage
WT 03 04		 Will pay reasonable expenses incurred to a covered watercraft to be hauled out of the water when the National Weather Service issues a Hurricane watch or warning for the area where the watercraft is located and relaunched in the same general area when the watch or warning has ended. Maximum limit $500.
Jet Ski / Personal Watercraft Personal Watercraft Coverage
WT 05 01		 Powered by an inboard motor with its primary source of propulsion is a waterjet pump.
Operator Exclusion Named Operator Exclusion Endorsement
WT AK 00 18		 Payment will not be provided for damages, expenses or loss arising out of the maintenance or use of any watercraft by the named excluded operator.
Replacement Cost - Personal Property Replacement Cost - Personal Property
WT CW 0007		 Personal Property will be replaced without adjustment for depreciation and physical condition; Personal property does not include animals, boating equipment, fuel, jewelry, money, watches or permanently attached equipment.
Replacement Cost - Watercraft Replacement Cost Coverage
WT CW 0015		 In the event of a covered total loss, cost to repair or replace the watercraft, outboard motor, trailer to its pre-loss condition plus salvage value, equals or exceeds the actual cash value without adjustment for depreciation and physical condition.
  • Watercraft must be 2 years or less; insured must be first owner.
  • Endorsement applies until model year is 5 years old.
Trip Interruption Trip Interruption Coverage
WT CW 0008		 Lodging and food expenses when insured watercraft becomes inoperable for more than 24 hours due to mechanical or electrical breakdown and over 100 miles from home; Maximum limit $600.
Towing and Disablement Watercraft Increased Limits Towing and Assistance Expense Coverage
WT 03 03		 Pays for the following services if the watercraft or trailer becomes disabled: towing; delivery of gas,oil or repair parts; labor for emergency repair; roadside repair of watercraft trailer .
Uninsured Watercraft Uninsured Watercraft Coverage
WT 04 54 (AK)		 Payment of bodily injury damages due to an uninsured watercraft.