Marine underwriter enhances product offering | Insurance Business Australia
Nautilus Marine Insurance has expanded its marine insurance product portfolio to include a dedicated Personal Watercraft (PWC) Insurance policy.
The PWC insurance policy has been specifically designed for personal watercraft owners Australia wide, and offers them market leading coverage with the opportunity to tailor the insurance cover to suit their Personal Watercraft needs.
All Nautilus Marine policies offer a pay by the month option, allowing customers to spread the financial commitment throughout the year.
Customers have the opportunity to layup the PWC during months when there is no usage, leading to a premium discount.
The Nautilus Marine Personal Watercraft insurance policy offers features and benefits, which it claims are not covered by other insurers. They include a minimum of two years full replacement; cover for water ingress, even when there is no breach of the hull; theft cover when no evidence of forcible or violent removal; genuine manufacturers parts used on repair; cover for PWC with modifications; and $10m legal liability cover including water skiers standard.
“We are proud to deliver a product offering that has really raised the bar in Personal Watercraft coverage,"Nautilus Marine CEO, Lyndon Turner, said. "These key features continue to show Nautilus understands pleasure craft owner’s needs, and we tailor products accordingly.”