1. The AAIS Boatowners and Yacht Programs
Two watercraft programs for the price of one
Pam Nykaza
Senior product development specialist, inland marine
Joseph Harrington, CPCU
Director, corporate communications

2. Three programs All cover privately owned watercraft Boatowners Program
Yacht Program
Boat and Outboard Motor class of Personal Inland Marine program

3. Eligibility Boatowners Yacht Program Craft 30 feet or less in length
Personal watercraft (e.g., “Jet Skis”)
Travel 50 mph or less (does not apply to personal watercraft)
Maximum value of $75,000
20 years or less in age
Yacht Program
26 feet or more in length
No restriction on speed
Minimum value of $50,000
No restriction on age of craft

4. Program Structure (Boatowners and Yacht)
Coverages Provided
Property
Personal Liability And Medical Payments
Uninsured Boater
Optional Coverages
Stand-alone or endorsement coverage

5. Property coverage (Boatowners and Yacht)
Covered property
Described boats and boat trailers
Additional coverages
Boating equipment and emergency towing
Newly acquired watercraft and trailers up to 30 days
Yacht only: Equipment on shore, non-owned yachts, recharging of fire equipment, boating-related personal property, and storm protection

6. Property coverage, cont. (Boatowners and Yacht)
Open perils coverage
Standard exclusions (war, nuclear hazard, etc.)
Marine exclusions (marring/bubbling, delamination; marine life)
Exclusion for residential or business use (except to entertain clients)
Loss settlement
ACV settlement written into BT base form
Agreed value settlement in Yacht form
Alternatives available by endorsement

7. Liability coverage (Boatowners and Yacht)
Personal Liability
Covers BI/PD arising from ownership or use of insured craft and trailers
Medical Payments
Covers permitted occupants of insured craft
Uninsured Boaters
Analogous to UM coverage under auto policies

8. Program status Boatowners Yacht
Forms, manual rules, and loss cost rating information filed and approved countrywide
Rating manual includes 11 territories covering U.S. inland and coastal waters
Rating factors and credits/surcharges for experienced operators, multiple owners, and other criteria
Yacht
Advisory forms and manual rules

9. Affiliation “Two for one” For information on affiliating
Boatowners and Yacht programs each available for no additional charge to companies with paid affiliations for either one
For information on affiliating
Rick Maka, director of marketing
AAIS, ext. 222