Insuring an antique takes specialized coverages and claim services

Now that boating season is in full swing, Travelers (NYSE: TRV) is reminding antique and classic runabout owners that it offers the right insurance coverage to meet their unique set of needs. Antique and classic runabouts have earned this distinction thanks to the attention and care they have received throughout the years from their owners. To better protect these prized possessions, boat and yacht experts from Travelers have created unique insurance products and suggest antique and classic runabout owners understand the intricacies of their boat insurance coverage.

“Insuring an antique and classic runabout is unlike covering any other type of boat or yacht,” said Chantal Cyr, vice president of Travelers Boat and Yacht Division. “Preserving the boat’s history, especially in the repair process, is meaningful to antique boat owners. Travelers understands that point and can help safeguard this important value.”

Travelers’ antique and classic runabout program features an agreed value policy that is not based on the depreciated value of the vessel. In the event of a total loss, this unique coverage offers no depreciation and no deductible. This program also waives depreciation that includes machinery, hull and interior including canvas and upholstery in the event of a partial loss.

In the unfortunate event of structural damage to the hull, Travelers has experienced antique boat adjusters on staff who are dedicated to helping you get your boat restored to the condition it was in prior to the damage occurring. Also, Travelers boat and yacht customers are able to take advantage of transportation to a qualified repair facility to get their boat fixed by someone who knows it best.

In addition, customers interested in showing off their boat in antique shows around the country are also covered with no mileage limitation when the boat is transported on its own trailer in the U.S. and Canada.

“Classic boats are used differently and need unique and innovative insurance products that protect the vessel in its various roles as both a showpiece, and a boat that cruises the shoreline,” added Cyr.

For more information on insurance for antique and classic runabouts, visit www.travelers.com.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. Travelers is a Fortune 100 company, with 2008 revenues of approximately $24 billion. The company has 33,000 employees. For more information on being in-synch, visit www.travelers.com.

The Travelers Companies, Inc.
Media:
Matt Bordonaro, 860-277-7014
mbordona@travelers.com
or
Sheila Trauernicht, 860-277-7461
strauern@travelers.com