Umbrella Liability Coverage including Performance CATS and VHULLS now available!
10-13-2010 | 12:54 PM
#1
Thread Starter
HP Marine Ins. Specialist
Joined: Mar 2008
Posts: 985
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From: Insuring any kind of boat
Umbrella Liability Coverage including Performance CATS and VHULLS now available!
Wake Zone is proud to announce that we can now offer performance CAT and VHull owners a package market (auto, home and umbrella) that does NOT exclude performance boats.
Most of the umbrella products out there today exclude any boat capable of over 60mph from the umbrella coverage. This umbrella allows up to 90 mph as a general rule. However, exceptions have been made for larger accounts.
Wake Zone can now offer it's clients a package market for home, auto and umbrella and include your performance boat in the umbrella.
The best part is, by putting your home, auto, rental homes on this program, you will get a 20% discount on each policy, then, if you add the umbrella to your account, you get an additional 10% across all policies!
While it is preferred that we are the agent on your boat insurance, it is not required to obtain access to our new market. You can elect to leave your boat insurance with your current carrier/agent.
The product is currently available in the following states: AZ, CA, CT, FL(only parts), IA, IN, KS, MD, MO, OH, OK, VA, WI
Coverage is provided by an A+ Rated Admitted Carrier
PLEASE NOTE: This product is available through a preferred market. This means that anyone with a bad driving record, bad credit and/or insurance score will not be considered. You must have a primary boat insurance policy in place and inforce in order for the umbrella policy to extend over your boat coverage.
Available: 12/01/2010: NJ, TX
To get a quote on the package with umbrella call Stacy at 866-728-9757 ext 101.
An umbrella is designed to extend the liability of the underlying, primary insurance polciies. Here is an example of how the umbrella works. - see picture.
Most of the umbrella products out there today exclude any boat capable of over 60mph from the umbrella coverage. This umbrella allows up to 90 mph as a general rule. However, exceptions have been made for larger accounts.
Wake Zone can now offer it's clients a package market for home, auto and umbrella and include your performance boat in the umbrella.
The best part is, by putting your home, auto, rental homes on this program, you will get a 20% discount on each policy, then, if you add the umbrella to your account, you get an additional 10% across all policies!
While it is preferred that we are the agent on your boat insurance, it is not required to obtain access to our new market. You can elect to leave your boat insurance with your current carrier/agent.
The product is currently available in the following states: AZ, CA, CT, FL(only parts), IA, IN, KS, MD, MO, OH, OK, VA, WI
Coverage is provided by an A+ Rated Admitted Carrier
PLEASE NOTE: This product is available through a preferred market. This means that anyone with a bad driving record, bad credit and/or insurance score will not be considered. You must have a primary boat insurance policy in place and inforce in order for the umbrella policy to extend over your boat coverage.
Available: 12/01/2010: NJ, TX
To get a quote on the package with umbrella call Stacy at 866-728-9757 ext 101.
An umbrella is designed to extend the liability of the underlying, primary insurance polciies. Here is an example of how the umbrella works. - see picture.
Last edited by WakezoneINS; 11-30-2010 at 12:08 PM.
10-13-2010 | 07:38 PM
#7
Thread Starter
HP Marine Ins. Specialist
Joined: Mar 2008
Posts: 985
Likes: 0
From: Insuring any kind of boat
10-15-2010 | 11:12 AM
#8
Thread Starter
HP Marine Ins. Specialist
Joined: Mar 2008
Posts: 985
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From: Insuring any kind of boat
UPDATE ON STATE AVAILABILITY (on this particular program):
Below is an overview of the states that will be available as of January 1, 2011.
Southwest/West Coast:
WA, UT, CO, NM, TX, NV
Midwest:
KS, NE, MN, IL, AR, KY, MI
Southern States:
MS, AL, GA, SC, NC, LA
Atlantic/New England:
NH, VT, NY, PA, VA, WV, NJ(12/01)
Below is an overview of the states that will be available as of January 1, 2011.
Southwest/West Coast:
WA, UT, CO, NM, TX, NV
Midwest:
KS, NE, MN, IL, AR, KY, MI
Southern States:
MS, AL, GA, SC, NC, LA
Atlantic/New England:
NH, VT, NY, PA, VA, WV, NJ(12/01)
10-19-2010 | 08:59 PM
#10
Thread Starter
HP Marine Ins. Specialist
Joined: Mar 2008
Posts: 985
Likes: 0
From: Insuring any kind of boat
The "low down" on Florida
Here is the deal with Florida -
We do not require a homeowners policy to be with us for Florida business but will require auto and other specialty lines for umbrella policy to be issued.
The package will do a renters policy, but not a "homeowners" policy. It also includes the autos, motorcycles, other toys and umbrella.
There are different rules for each product line in the following counties:
• Duval
• Palm Beach
• Broward
• Dade
• Orange
• Hillsborough
• Pinellas
We do not require a homeowners policy to be with us for Florida business but will require auto and other specialty lines for umbrella policy to be issued.
The package will do a renters policy, but not a "homeowners" policy. It also includes the autos, motorcycles, other toys and umbrella.
There are different rules for each product line in the following counties:
• Duval
• Palm Beach
• Broward
• Dade
• Orange
• Hillsborough
• Pinellas
