With gasoline prices at boat docks exceeding $5 a gallon, Travelers said it is offering a unique premium discount to an expanding number of boaters who own electric powered craft.
The Hartford, Conn.-based insurer said its electric boat discount of up to 10 percent is the first of its kind for the industry.
Chantal Cyr, Travelers vice president for boat and yacht personal lines, said with skyrocketing fuel costs, manufacturers, while not providing specific numbers, "have all reported an increase in demand and sales of electric boats."
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