American Reliable Insurance Company
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To Get Underwriting Guidelines
Available To Texas Residents Only
COVERAGES
REQUESTED
WATERCRAFT LIABILITY
Liability
Only
$10,000
$25,000
$50,000
$65,000
$100,000
$300,000
$500,000
UNINSURED BOAT OWNERS
( Uninsured
Boat Owners limits must equal or be lower than Liability
Limits)
None
$10,000
$25,000
$50,000
$65,000
$100,000
$300,000
$500,000
MEDICAL PAYMENTS
None
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
HULL
COVERAGE
Current Market Value $
Actual
Cash Value
Agreed
Value
Replacement
Cost
( Claim Settlement Value Payable @ Time Of A Covered Loss)
Hull
Deductible Options:
If Watercraft < 16 yrs old
($250 minimum)
1%
2%
3%
5%
Hull Deductible Options
If
Watercraft 16+ yrs old ($500 minimum)
2%
3%
5%
PERSONAL EFFECTS
Misc. Equipment
$
$100-$10,000
Actual
Cash Value Replacement
Cost -
After
D eductible
TOWING
None
$500
$750
$1,000
$2,000
$3,000
$4,000
$5,000
TRAILER
Value
$
$250
to $10,000
Deductible Option:
$250
$500
Minimum Written and Earned Premium Is $100
Label
D ISCOUNT / SURCHARGE
SECTION
UNDERWRITING QUESTIONS
Discounts that apply:
Transfer:
The applicant has maintained continuous, claim free,
insurance on a watercraft for the past year.
I s
the watercraft used in speed contests or racing (except
sailboats), or designed and/or modified for racing?
Yes
No
Boat Safety Course / License: (Check all that
apply)
Is this vessel equipped with a converted
automobile engine, hydrofoils, or other apparatus that
enable it to become airborne? Yes
No
Coast
Guard Course
Coast
Guard Auxiliary
Captain's
License
Is this vessel homemade, an experimental
craft or a collapse able craft? Yes
No
Chapman
Boating School
Marine
Pilot's License
Merchant
Marine License
Is the watercraft used as a residence? Yes
No
Power
Squadron Course
State
Sponsored Course
State
& Federal Maritime Academy
Is watercraft equipped with motors that
exceed the manufactures recommended max. horsepower for hull
design or the hull rating plate?
Yes
No
Protective Devices:
Is watercraft a Ferro cement or iceboat , or
is it under construction?
Yes
No
Alarm
System
Automatic
Fire Extinguishing Equipment
Central
Station
No
Strike Lightning
Is the trailer not specifically manufactured
for use as a boat trailer?
Yes
No
Has any named insured or operator had their
auto, watercraft or rec. vehicle policy cancelled, declined
or non-renewed for underwriting reasons in the past 3 years?
Yes
No
Is
vessel chartered, used for any commercial or organizational
usage, or rented/leased to others?
Yes
No
Surcharges that apply:
Is the watercraft navigated in Mexico?
Yes
No
Boating
Ownership: Less than 3 years of boat ownership.
Is the watercraft held for sale?
Yes
No
Driving
Record:
0-2
points 3-5
points
6-7
points
8
points
+9
points
* See
Underwriting Guidelines
Does the watercraft have existing damage?
Yes
No
Multi-Owner:
None
1
Additional Owner
2
3
4+
Corporate:
The named insured is a corporation for tax
purposes.
Claims
/ Loss:
None
1
2
3
Coastal:
Risk is located in a coastal county.
FAIR CREDIT REPORTING ACT NOTICE:
In compliance with the Federal Credit Reporting Act (Public
Law 91-508), you are advised that the Company may order
reports, which may contain or include information pertaining
to the character, general reputation, personal
characteristic, and mode of living of the applicant and/or
other drivers listed in this application. Upon written
request, the complete nature and scope of the investigation
will be provided.
FRAUD WARNING:
Any person who knowingly and with intent to
defraud any insurance company or other person files an
application for insurance or statement of claims containing
any materially false information or conceals, for the
purpose of misleading, information concerning any fact
material thereto, commits a fraudulent insurance act, which
is a crime, and may subject such person to criminal and
civil penalties.
PRIVACY POLICY:
I have received and read a copy of the
American Reliable Insurance Company/Assurant
Group Privacy Policy. By submitting this application, I am
applying for insurance and, at its expiration, for
appropriate renewal policies issued by American Reliable
Insurance Company. I understand and agree that any
information about me that is contained in, or that is
obtained in connection with, this application of any policy
issued to me may be used by American Reliable Insurance
Company to issue, review, and renew the insurance for which
I am applying.
I hereby declare to the best of my knowledge
and belief that all of the foregoing statements are true and
these statements are offered as an inducement to the Company
to issue the policy for which I am applying. I understand
this policy may be cancelled if this application contains
any false statement, omission, or material misrepresentation
that would have otherwise altered the company's evaluation
of the named insured. I understand that motor vehicle
records may be verified.
Insured's E-Signature
(Enter Full Name Of Person Who Completed
Above Application )
Date Above Application Completed
________________________________________________________________________