Passenger and Non-passenger Watercraft: Underwriting GuidelinesPassenger and Non-passenger Watercraft: Underwriting GuidelinesGeneral Underwriting Guidelines for both programs include:
No policy can be bound until underwriting has given approval for binding.
All boats located in a storm area must submit a hurricane plan unless Named-Storm coverage is excluded.
MVR points are surcharged 5% for any minor violation. The first violation is waived. Major violations are surcharged at a 20%. At-fault accidents are surcharged 5% per accident. MVRs are required for $300,000 limits and above.
MVR ordering is the responsibility of the agent. If you do not have the capability of running MVRs, contact your underwriter.
A Loss Run report from a previous carrier is required.