Ironshore Personal Lines Launches Boat, Watercraft Coverage for High-Net Worth Clients

Ironshore’s personal lines unit now offers 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 1 to 5 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.