Hagerty has over 30 years of experience providing coverage for those boat owners who enjoy vintage boats and the gratification of restoring their own classic boats. Only a handful of states – Arkansas, Hawaii, and Utah – require boaters to purchase boat insurance for their watercraft. USAA Yacht Insurance is similar to the boat insurance, except Markel Specialty is the partner with USAA, and the price of yachts can be in the millions versus less than the average $27,000 for a nice boat. How and where you boat determines the type of coverage you need. If your Yacht is worth more than $150,000 or is longer than 32 ft, you’ll need a special kind of insurance for. There are some exceptions to this rule, however, so it’s important to check with your insurer to see if engine damage is covered in your policy. Boat insurance covers you in the event your boat is damaged or involved in an accident. If you set the deductible on your boat insurance policy at EUR 150, EUR 200 or EUR 335, you become eligible for our no. Cost of Boat Insurance. Let’s see if an blown engine qualifies, and if similar damage, like lower unit or engine block troubles, is furthermore covered by boat insurance. Best Boat Insurance for. Replacement cost value is the amount it will take to replace your property or belongings without any deduction for depreciation. Foremost’s boat. What does boat insurance cover? When it comes to insuring your boat, the answer is not always clear. You can choose from several different coverage levels to make sure you’re adequately protected. 16 feet or less with 50 horsepower or less. There's no deductible on most total losses, and. The amount you pay per month for boat insurance depends on how valuable your boat is, what insurance plan you choose, and a number of other factors. But, if your provider believes the damage was preventable (like with routine maintenance), they may not reimburse you. Best for Boat Collectors. Factors like the boat's cost, the condition, and your history all come into play. The national trend among harbours, marinas and waterways authorities toward the. The average cost of boat insurance is $200 to $500 a year —although for a really big or expensive boat (like a yacht or sailboat), insurance can cost around 1–5% of the boat's value. " Otherwise, HO-3 and HO-6 policies are quite similar in how they cover personal property, liability and additional living expenses. What coverage you get likely won’t be enough for the full replacement of your. This type of coverage may also be helpful if you tend to store your boat during the long winter months when your boat is not in use. Normally excluded from policies, this affordable “wear and tear” add-on coverage pays to repair or replace the lower unit of an outboard motor, or the upper and lower units of a stern drive motor in the event of a mechanical breakdown. Boats come in a range of sizes, have different values, and include distinctive features, which can alter the cost of a policy. How much youll pay for boat insurance depends on the level of insurance coverage you want, as well as the size, horsepower, type and value of your boat. Boat insurance policies may also help cover damages due to theft or vandalism. address. Multi-policy discount: You have another policy with Progressive; you can bundle and save on boat insurance. Call them at 913-342-0011 or email them for more info. Covers your boat, engines, and boating equipment. CHATHAM. Our watercraft coverage provides protection for boats between $3,000-$500,000 in value. In short, renters insurance covers what you own. However, depending on the policy, this may or may not extend to water skiers you are. Propulsion Plus mechanical breakdown: Propulsion Plus mechanical breakdown coverage will help if the lower unit of an outboard motor or the upper and lower units of an inboard/outboard motor suffer a mechanical breakdown — even if it's from wear and tear. Be sure to cover your vessel and your finances by investing in an affordable boat insurance policy. We value your privacy. Watercraft and Boat Insurance policies provide coverage depending on specific circumstances which caused the damage. Popular bass boat insurance. You can find affordable boat coverages that suit your needs and budget. Boat lift coverage. Enjoy life on the water with boat insurance from Progressive. Hull Insurance. Accidental loss or damage. Actual cash value is the replacement cost value, minus depreciation. If there is a partial loss, you may have a depreciated loss, but these policies are still better in the long run. Vandalism. Let's start by describing the two basic sections of a typical boat or yacht insurance policy: physical damage and liability. If insuring your pontoon sounds a. Or, call 1-866-749-7436. so you can get a lower insurance premium. Once you know what policy and types of coverage you want, you’re probably worried about the insurance premium. dining room chair, and the current market value of the chair is $50. Skisafe is about $200 cheaper yearly for similar coverage, but Progressive offers a "Propulsion Plus Mechanical Breakdown Coverage". Flood insurance policies cover direct physical loss by or from flood to personal property inside a building at the described location, if: the property is owned by you or your household family members; and, at your option, the property is owned by guests or servants. #boat #insurance #coverage. Get a free online quote. Does boat insurance cover lower unit damage? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. Texas Parks & Wildlife’s guidelines do not mention boat insurance requirements, but most people who own nice boats still choose to protect their investment. Our personalized service will get your unit to you with the exact specifications you need. Determine that you're not aground. Insurance companies typically place a ceiling on the amount by which the current value can exceed the policy coverage amount and still be paid in full. A 20% cap is typical. However, insurance for your boat, like an insurance for your automobile, is separate from. Having insurance coverage for your lower unit is therefore critical. In reality, boat premiums can range. It extends a generous number of discounts such as 20% for multiple policies, 10% for full payments, and 5% for automatic payments. 5% of your boat’s value for personal watercraft insurance. Draft protection is the finest way to schirmen choose boat from unerwarteter injure. What is typical boat insurance? The average cost of boat insurance is $200 to $500 a year—although for a really big or expensive boat (like a yacht or sailboat), insurance can cost around 1–5% of the boat's value. The most common type of boat accident in LA is a collision with another recreational vehicle. Enjoy life on the water with boat insurance from Progressive. And yes, we’ll still cover it if it’s caused by general wear and tear. It also needs to be a boat we would ordinarily insure and you’ll need to pay the premium, of course. Extra coverage to replace lower units of a motor may be worth considering, depending on how often you use your boat. Chubb: Yacht owners can find specialty policies with Chubb, which offers up to 120 percent replacement coverage in the case of a total loss. Standard benefits. Boat insurance may also help cover damages to your watercraft due to theft or vandalism, if you carry comprehensive coverage. Is It Possible to Lower the Cost of Boat Insurance. Propulsion Plus ® coverage helps pay for repairing or replacing the lower units of an outboard motor or the upper and lower units of an inboard motor if you have a. Boat & Watercraft Insurance Coverage Get peace of mind coverage for your watercraft on land and in the water. It may cover legal fees related to the incident as well. Learn about the types of coverage available and Get all the details about boat insurance in Georgia. Editorial Note: We earn a commission from partner links on Forbes Advisor. Theft. What Boat Insurance Policies Cover. Boat insurance is not as expensive as it might seem. Together, we share a passion for all things boating. With Hanover watercraft coverage and the help of your independent insurance agent, we can help make insuring your boat smooth sailing. A typical policy has. A lower credit score could mean paying more for the boat insurance than others who have higher credit score. 1. Uninsured watercraft coverage helps cover your injuries or your passenger's injuries caused by another boater with little to no liability insurance. If you plan to carry expensive fishing. Agreed Hull Value Coverage. At a cost of less than $1 a day, the peace of mind a good boat insurance policy can provide you with is very inexpensive. Eligible vessels typically include:A named storm hurricane boat coverage protects you against losses due to specific incidents. Eligible vessels typically include:Does boat insurance cover lower unit? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. Does Boat Insurance Cover Damage to Lower Unit? Yes, most boat insurance policies will cover damage to the lower unit. Get details about boat insurance in Ohio. Dinghies/Tenders. Boat insurance helps cover damage to your boat and can protect you financially if an injury arises from a covered loss, so you can sit back, relax, and enjoy the water with less worry. Competitions. Get a quote Or, call 1-855-347-3939. However, depending on the policy, this may or may not extend to water skiers you are pulling behind the boat. It completely depends. First, lets make one thing clear: car insurance does not typically cover engine damage. Personal property coverage is included on a standard homeowners insurance policy and is the portion that provides coverage for your personal belongings, including furniture. 4. However, your insurer will not reimburse you for every event related to these coverages, as only certain events qualify for. Boat insurance is not as expensive as it might seem. Learn about the types of coverage and discounts. 00. Nationwide: Best for bundling. Of course, there are several factors that go into calculating costs, so your actual price may be higher or lower than this average amount. This is on the lower side of the national average range of $200 to $500 per year. While boat insurance is not required in most situations, it. Marine insurance is the best way to protecting your boat from unexpected damage. By doing so, you can find the right coverage for your needs at a reasonable. 1. You need to pay approximately 1% to 5% of your sizable and powerful boat’s value for insurance. You get the same reliable service from the largest auto insurance provider in the U. Damage to this area can be caused by hitting a. There are two types of boat insurance policies that cover the value of your boat in the event of total loss: actual cash value vs. Deductibles range from $250 to $2,000, depending on the type and value of your boat. Learn more about our boat insurance offering. All boating experience aside, many companies actually require comparable. However, boat insurances have restrictions on what they can cover and what they cannot cover. Allstate Canada's marine insurance protects you, your gear, and your boat, Jet Ski, Dinghy, Sailboat, or other watercraft types. There are a few cases where your homeowners' insurance policy will cover your boat, but the coverage does not extend too far. Below are some of the types of boat insurance, including hull insurance, agreed value and actual cash value: 1. Our Saver, Plus and Elite marine package options offer the coverage you want at affordable price points for nearly any type of watercraft — including bass boats, fishing boats, performance boats, runabouts, sailboats, classics, cruisers and pontoons!For a quote, visit our Online Application or call 800-283-2883 for personal service. Some specific Items are subject to depreciation. Does boat insurance cover lower unit? Boat insurance covers the boat and all of its contents. Covers your boat, engines, and boating equipment. While liability coverage only costs around $100 per year. Learn how liability coverage on a boat insurance policy can pay for damages or injuries caused by your watercraft. It does not provide coverage for damages sustained by your boat, including the lower unit. 00 canoe is stolen, your insurance company may reimburse you. How can I lower my Massachusetts boat insurance rate? Discounts vary by state, but in Massachusetts, you may be able to lower your insurance rate if: Multi-boat discount: You insure more than one watercraft on your Progressive boat policy. Example: Your 10-year old lower unit simply runs its course and dies on you. How To Get Cheaper Boat Insurance. a homeowners policy is with personal property coverage. The lower unit of your boat is a vital component that houses the gears, shafts, and propellers. Does boat insurance cover the lower unit? Boat insurance offers coverage for risks during the season and while in storage. Learn more about boat liability coverages. Boat insurance usually covers collision, property damage, bodily injury, and comprehensive in the on- and off-season. This means that if your $700. The industry-wide average cost of boat insurance ranges from about $200 to. Fuel spill covers the legally required clean-up. In the case of a partial loss, this policy will cover the total cost of repair minus a. The coverage is beneficial for people who live in the coastal region. This is not coverage for normal wear and tear or grounding, but for less than $50 per year, you’ll have additional coverage on the parts that make your boat run. Boat insurance covers your boat after an accident, including your equipment, sails, and hull. The property covered can vary, but the policy will typically cover the hull and other components, such as: Motors. The agreed-upon value is based on a fair market value of your vessel, including its motors, fixtures and equipment. It is a contract between you and your insurance company in which you pay a premium to the insurance company in exchange for a set of available coverages. Boat insurance claim problems Summary:Find an expert that can give advice and answers to all of your boat insurance questions. Covers you and your boat up to 75 miles from the U. 5 percent of a boat’s value. It involves water that is highly contaminated and poses health risks due to exposure to pathogens, toxins, or other harmful substances. Many homeowners policies include “personal property floaters” which can provide coverage for certain types of personal belongings, including boats and motors. When looking for insurance, it is essential to consider your location, driving record, and the insurance carrier’s reputation and pricing. The biggest step in boat winterization is to make sure ALL water is drained from the vessel. We’ll make sure your insurance covers your unique needs at a price that’s right for your budget. November 16, 2021. Comprehensive boat insurance costs start from around £100 for a £30,000 boat, but quotes can quickly rise for higher value boats and riskier use (e. And yes, we’ll still cover it if it’s caused by general wear and tear. Insurance Disclosure. Comprehensive coverage covers the cost to replace or repair your boat for events outside of your control, such as fire, theft, and vandalism. All boat insurance policies have exclusions. For example, your hotel might be non-refundable. Advertisement. About Boat Insurance. Online quotes take two to three business days. Your specific coverage will depend on your. Read our editorial standards for Answers content. We’ll pay to repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown. Women and men who use their boats for fishing will need. Yacht Insurance Hurricane Haul-Out Coverage. However, you’ll see that for more expensive watercraft, insurance can cost from 1% to 5% of the value of the boat. It does not cover any of the internal components of the engine itself. With Hanover watercraft coverage and the help of your independent insurance agent, we can help make insuring your boat smooth sailing. Identity Restoration. It may cover legal fees related to the incident as well. Does boat insurance cover lower unit damage?Based on 8 different quotes, The average cost of bass boat insurance is $400-$1,400 per year for comprehensive coverage. Rates for coverage can be influenced. Boat insurance can. In Florida, the annual boat insurance can usually range anything from $100 to $700. On average, boat insurance costs anywhere between $200 and $500 per year – or around 1% to 5% of your boat’s overall value if you have a big or expensive boat. This is because most boat engines are considered to be wear-and-tear items, and as such, are not covered by most insurance policies. Example: Your lower unit is 10 years old and simply runs its course and dies on you. Towing insurance requirements for offshore fishing (for example, a 20-mile tow could cost $3,000). Your policy may cover parts of the boat including:Does Boat Insurance Cover Lower Unit Damage . Does boat insurance cover lower unit damage? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. Dinghies/Tenders. How does Massachusetts boat insurance work?. First, consider the type of boat you have. A standard boat insurance policy may provide coverage for the following: Damage or loss caused by theft, vandalism, windstorms, and lightning. What boat insurance does not cover. You may be eligible for 24/7 roadside assistance coverage. When I asked about it, the rep mentioned that if anything happens to the lower unit on the boat, I would be responsible for the deductible, but they would cover the rest on the lower unit repair, or a new lower unit. You’ll be covered for damage to your boat lift, which may not be covered under your homeowners policy. In order to find these averages, I used 8 different boats and found the average price of comprehensive coverage from Progressive and Geico (BoatUS). Propulsion Plus is an optional coverage, starting at just $38/year. The physical damage section covers accidental loss or damage to the boat and its machinery. Coverage for some of the most common causes of property damage and loss, such as theft, vandalism and fire, is entirely up to you. Boat insurance can give you peace of mind while you’re out on the water. Does Boat Insurance Cover Lower Unit Damage? Based my research, a boat insurance policy with comprehensive coverage would typically cover damage to the lower unit as long as it was not caused by wear and tear, lack of maintenance, or mechanical failure. Get powerboat coverage from a leading boat insurer. Boat and PWC policies are underwritten by GEICO Marine Insurance Company with administrative offices at 5323 Port Royal Road, Springfield, VA 22151. There may also be a separate deductible, depending on the type of boat you have. See all available boat insurance coverages. Physical damage coverage provides protection if your boat collides with another vessel or submerged object, such as a log or a rock. Costs and rate factors; Insurance. Sailboats tend to be more expensive to insure than motorboats because they are more prone to damage, whereas powerboats have a higher risk of accidents that can cause liability claims. In addition, the amount of insurance coverage cannot be increased during a loss in progress. We offer a variety of coverage options, exclusive discounts, and personalized service to provide you with the best boat insurance experience. On average, boat insurance costs anywhere between $200 and $500 per year – or around 1% to 5% of your boat’s overall value if you have a big or expensive boat. The cost of boat insurance may be than you think. ; Actual Cash Value. ”. This type of coverage can also provide financial protection against theft or vandalism. This concept of law is often employed by marine insurers following a loss where the insured misrepresented the “number of years boating” in a collision case, “intended location of berth” in a theft case, or “the condition of a vessel” in a sinking case. Personal possessions carried in the boat may or may not be covered, depending on the policy. You get personalized service from any one of our 19,000 agents nationwide. It’s important to read your. But a great majority are positive, especially in the area of claims service. Florida boat insurance discounts. Lower your premiums by accumulating no-claims bonuses. Boat insurance can help cover the costs associated with any damage or loss incurred while boating. As a rule of thumb, the boat trailer insurance would be 1. Travelers will share 50% of the cost up to $1,000/per occurrence and $2,000/per policy period to move your vessel to safety during. , racing). All coverage is subject to terms, conditions, limits and exclusions of the policy. You get personalized service from any one of our 19,000 agents nationwide. For example, you may pay about $2,500 a year to insure a $100,000 yacht. You might also consider medical payments coverage that includes you and your passengers regardless of who is at fault, and uninsured/underinsured coverage, which helps pay for. Allstate offers an agreed value boat insurance policy with additional coverages and benefits for liability, medical payments, uninsured boaters, personal effects, boat trailer, and more. Does boat insurance cover lower unit? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. Chubb specializes in agreed-value coverage for boaters with specific coverage needs. coastline and into Canadian coastal or inland waters. The Actual Cash Value policy marketed by SAFECO Insurance insures more than 100,000 boats and develops premium income of $20,000,000; it covers boats up to 30 feet in length. Available with Agreed Hull Coverage only. In the event the vessel's body (hull) or machinery is damaged because of risks. State Farm – Best for Boat Rental Insurance. Boat Insurance benefits. Learn about types of coverage available for boats and yachts, and what the state of Washington requires. According to our research, Progressive boat insurance policies start as low as $100 per year, or around $8 per month. Does Boat Insurance Cover Other. Posted December 10, 2021. Best. The Hanover covers boats (up to 43’), sailboats (up to 51’) and. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Emergency services coverage: This pays for towing if your boat breaks down. Most people are aware that boats need to be insured, but many don’t realize that boat insurance doesn’t always cover damage to the lower unit. It is a good idea to carry a minimum of $1,000,000 coverage however $2,000,000 would be preferable. Or, call 1-866-749-7436. Get an Online Quote. But what does boat insurance cover? Does it cover lower unit damage? The answer to this question depends on your policy. If the engines have stalled, try to restart them. Some examples include anchors, oars, and integral parts, like the motor. This includes any damage that a hurricane may cause at some point in the future. Different insurance providers and policies may vary in their coverage offerings. #boat #insurance #coverage. Damage your boat does to other boats and property. Learn about the types of coverage available for boats and yachts and what’s required in the state of Ohio. Does boat insurance cover a blown outboard? If the problem is not related to a lack of maintenance or expected upkeep, your boat insurance may cover it. It covers things like damage to your boat, yacht or Jet Ski. That is why there is no way to say for sure if your lower unit damage will have coverage. Boat Value. A boat insurance policy may cover you and your boat or personal watercraft against liability and damage in the event of a boating accident, including if you injure someone or damage someone else's property with your boat. The company has been in business since 1966, resulting in a mix of online customer reviews. But just like other insurance rates vary, boat insurance costs change depending on. The copper found in most AC units is especially valuable. Essentially, most insurance policies cover your boat on-land—but only if you take appropriate measures and precautions to keep it safe. Boating history: More experienced boaters may receive lower insurance rates than newer boaters with less experience on the water. Geico Boat Insurance covers your boat, motor, and trailer in the event of an accident, theft, or vandalism. Propulsion Plus mechanical breakdown: Propulsion Plus mechanical breakdown coverage will help if the lower unit of an outboard motor or the upper and lower units of an inboard/outboard motor suffer a mechanical breakdown — even if it's from wear and tear. Get a boat insurance quote online today. That being said, it is very strongly recommended that you do not own a boat without boat insurance. And liability coverage which pays for damage your boat does to others typically isnt included under home insurance. We offer standard and add-on coverages so you can build a policy. Well pay to repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown. Life. Realize, however, that a higher deductible could cost. Yachts and boats over $150,000. Because weather damage is one factor that can cause significant hardship for boat owners (and one that’s completely out of your control), having comprehensive coverage can be a. When you meet with an insurance agent to discuss what level of boat insurance coverage you need, Shasha says to be sure you discuss the following factors, all of which influence the cost of your policy: Your level of boating education. How much is boat insurance in Minnesota? How much does bass boat insurance cost? Starting at just $100/year for liability coverage, * insuring your bass boat can be inexpensive with Progressive. Like a homeowners’ or auto policy, the value of your boat will determine how much your insurance will cost. As a Farmers Insurance company, Foremost offers coverage with the same great strength as its name-brand parent company. If the engine damage was caused by a collision or severe weather, most. Boat insurance that covers those choppy waters. Compare that to the thousands you could pay out of. These coverages include wind and hail coverage, flood coverage, and named storm insurance. However, this figure is a rough estimate based on the most common types of boats. Rebuilding: Mercury, Mariner, Force, Evinrude, Johnson. Propulsion Plus mechanical breakdown coverage will help if the lower unit of an outboard motor or the upper and lower units of an inboard/outboard motor suffer a mechanical breakdown — even if it's from wear and tear. See all boat insurance coverages. Home Insurance Won’t Be Enough. Does boat insurance cover lower unit damage? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. While getting the cheapest boat insurance sounds great, it could cost you when you need it most. Boat Insurance. Boat insurance typically does not cover engine damage. If you look online for the average cost for a boat insurance policy, you’ll see a range from $200 to $500 a year. At Northstar Insurance, we automatically include up to $2,000,000 coverage for watersports liability on all types of vessels. But, they ultimately have a produce, and your boat insurance may shall able to help i out. Advantages of getting boat Insurance. Boat insurance is an insurance policy that covers property damage or liability expenses related to your motorized watercraft. Yacht Insurance Hurricane Haul-Out Coverage. While some policies might offer extended. Propulsion Plus® mechanical breakdown coverage can help if the lower unit of an outboard motor or the upper and lower units of an inboard/outboard motor suffer a mechanical breakdown — even if it's from wear and tear. Coverage & Benefits - 4. Judging from this calculation, the estimated cost of the annual boat insurance premium for a $39,000 schooner is $585. Damage to the Lower Unit is a significant matter for boat owners everywhere. This typically includes coverage for the engine, propeller, and other components that make up. Watercraft Types and Acceptability Guidelines PLEASURE BOAT ACCEPTABILITY › For boats no more than 10 years old: $350,000 in value, 50 feet in hull length › For boats 11-20 years old: $250,000 in value, 50 feet in hull length › For boats greater than 20 years old: $40,000 in value, 50 feet in hull length Note: Select ZIP codes in hurricane-prone states:. However, boat insurance only covers the financial losses of large boats. Does boat insurance cover lower unit? Sometimes. BoatUs – Best for Membership Benefits. In addition, renters' insurance provides coverage to help protect you against claims that others make against you. Boat insurance may also cover unexpected damage or loss to your watercraft, such as from theft or vandalism, when you carry comprehensive coverage. It typically covers. 00 canoe is stolen, your insurance company may reimburse you. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Of course, your actual cost may be significantly higher or lower than this average amount because rates are. Storm Plan. We gathered quotes for a range of boats, value and uses to show how much prices can vary. Homeowners policies typically cap boat coverage at $1,000 or 10% of your home’s insured value. If they start, try shifting forward and reverse to confirm you haven't lost propulsion. Markel Insurance - Best for Commercial Boat Insurance. Anyone who has a boat needs insurance. thru 19 ft. A boat insurance policy can cover the cost of repairing a boat if it’s accidentally damaged. Starts at $38/year. The average cost of a boat insurance policy in California is around $348 a year. Does boat insurance cover lower unit? Does Boat Insurance Cover Lower Units? We offer protection for damage to the lower unit of your boat as long as the damage was caused by a covered event, such as colliding with another object. Sailboat insurance, for example, often has a separate deductible for the boat's mast. This article summarizes some of the insurance coverages. There are many ways to get discounts on your boat insurance premiums. Progressive: Best For Cheap Boat Insurance. “It’s an attempt to keep water out,” answered Tiger. However, you generally need to purchase separate coverage specifically for. The top ways to lower your car insurance costs are outlined here…. Propulsion Plus® mechanical breakdown coverage. Propulsion Plus® mechanical breakdown coverage: We’ll pay to repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown. S.