Progressive Insurance has introduced a new coverage for boaters that offers more complete protection of their propulsion systems. The coverage is called Propulsion Plus, and it pays to repair or replace the lower unit of an outboard motor, or the outdrive of a stern drive motor, in the event of mechanical breakdown. The coverage is available for boats up to 10-years-old, and can be kept until the boat turns 21-years-old.
“Propulsion Plus was created in response to customers asking for expanded coverage for their propulsion units. Both customer surveys as well as our internal data showed that these types of breakdowns were not at all unusual,” said Rick Stern, boat product manager at Progressive.
Propulsion Plus is available as an optional coverage for as low as $38 per year.
Insurance Journal 5/10/2012