Sea Tow offers agreed value, actual value and replacement value boat insurance plans. In the case of a total loss, the agreed value plan covers the declaration amount without depreciation, whereas the actual value plan pays for the determined market value of the lost or damaged boat. The replacement value option covers the amount to replace a lost or damaged boat with a new one.
Sea Tow’s Sea Insure policies feature medical payments, liability, personal property, uninsured boaters and fuel spill liability coverage. Liability coverage covers bodily injury to others and property damage resulting from the owner's operation of the boat. Medical payments coverage applies to necessary medical expenses of the passengers. Uninsured boaters coverage deals with bodily injuries that results from the actions of an uninsured boater.
Sea Insure provides coverage for mechanical breakdowns, electronics claims, charter and crew, and damages from scratching and freezing. The policies also cover legal fees for liability claims and marine environmental claims. Both agreed and actual cash value policies are eligible for disappearing deductibles. The company offers premium discounts for boaters who stay in restricted cruising locations such as the Great Lakes, Puget Sound and Chesapeake Bay.
The company recommends that boat owners thoroughly understand the marine insurance policies and their coverage. Owners can also contact their agents or Sea Insure's customer service.