Things You Should Know about Named Storm Deductibles

With boats on the water and hurricane season upon us, we compiled a list of The Top Five Things You Need to Know about Named Storm Deductibles for Progressive Boat customers:

  1. It only applies to losses that occur in a county that was under an official Tropical Storm or Hurricane Watch or Warning at the time of loss.
  2. While Disappearing Deductibles will not apply to a named storm loss, all Disappearing Deductible benefits will continue to accrue.
  3. The Named Storm deductible is either two times the original Comprehensive deductible, or five percent of the watercraft value — whichever is larger.
  4. Both the Application and Declarations pages show the Named Storm deductible amount.
  5. You can reduce your risk by having a hurricane plan and following these steps for preparing for major storms.