Travelers is offering an insurance premium discount of up to 10 percent to owners of electrically powered boats. They are the first insurer in the U.S. to offer this discount.
Travelers defines an electric boat as a vessel 100 percent powered by a propeller driven, electric in-board source where utility power is stored on board. Most electric boats cost between $1 to $2 to fully charge for 10 or 12 hours, compared with conventionally fueled boats that cost about $50 to run for 10 hours.
For more information, visit www.travelers.com.
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