Posted on 16 May 12
Progressive® Insurance has introduced a new coverage that meets boaters' needs for 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. We decided to do something about it," said Rick Stern, boat product manager at Progressive.
"So really, Propulsion Plus was created as a result of customer demand. They asked for it, and we made it happen."
Propulsion Plus is available as an optional coverage for as little as $38 per year. Replacing the propulsion system on a boat can cost thousands of dollars, so the new coverage can help protect you from breaking the bank in the event of a mechanical breakdown.
For more information about Progressive Boat Insurance, or to get a quote, visit http://www.progressive.com/boat/ or call 1-800-PROGRESSIVE.