Ironshore's personal lines unit is offering an endorsement option for personal watercraft coverage for high net worth insured homeowners.
Ironshore's watercraft program provides “All Risk” coverage for watercraft, including jet skis and boats. Coverage can be obtained for multiple boats and personal watercraft for Ironshore homeowner insureds with primary coverage on property valued at $1 million or more in selected states nationwide.
Ironshore coverage is underwritten on an agreed-value basis for personal watercraft of up to $750,000 in value, with hull deductibles ranging from one to five percent. High value homeowner insureds can secure protection for vessels of higher value if so qualified under Ironshore's luxury yacht program, which provides coverage for vessels valued above $750,000 and up to $10 million.
“Ironshore recognizes that many of its high value homeowner insureds own coastal properties and enjoy recreational water activities with various personal watercrafts,” stated Daniel Olmsted, the vice president of personal lines for Ironshore. “Ironshore's new personal watercraft program offers insureds a comprehensive solution for protection of high valued properties and owners' personal vessels in a seamless, all-in policy coverage basis.”
Learn more: www.ironshore.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].