You’re probably here because you’re in search of answers regarding boat insurance policies, specifically Progressive Propulsion Plus. I get it; it’s not easy navigating through the myriad of options in the market.
So, let’s dig deep and find out if Progressive Propulsion Plus is really worth the investment.
What is Progressive Propulsion Plus?
Progressive Propulsion Plus is an insurance plan offered by Progressive Insurance specifically designed to provide coverage for lower units in boats and watercraft.
It encompasses the mechanical elements that move your vessel through water and offers protection against potential damages that could otherwise prove costly. Let’s watch this video to understand it better.
The Advantages of Progressive Propulsion Plus
- Extensive Coverage
First and foremost, this insurance plan is unique because it covers the mechanical parts of your boat that many other insurance policies overlook. It specifically covers the lower units of outboard motors, sterndrives, and even the trolling motors, providing peace of mind for boat owners who need extra protection.
- Comprehensive Protection
Another key advantage is that Progressive Propulsion Plus offers comprehensive protection. The coverage extends to both mechanical breakdown and accidental damage. As a result, you’re shielded from unexpected repair costs, which are often substantial when it comes to boat parts.
- Cost-Effective
Considering the high costs associated with repairing or replacing lower units in boats, subscribing to Progressive Propulsion Plus could save you significant money in the long run. The cost of the plan is nominal compared to the potential repair costs you may face.
The Drawbacks of Progressive Propulsion Plus
Despite the considerable benefits, there are a few things to be aware of with Progressive Propulsion Plus.
- It Doesn’t Cover Everything
While the coverage is extensive, it’s not all-encompassing.
This plan specifically covers the lower units of outboard motors and sterndrives.
It won’t provide coverage for other parts of your boat, which may require a separate, more comprehensive boat insurance policy.
- Premium Cost
While Progressive Propulsion Plus is cost-effective in the long run, it comes with a price tag that might seem hefty to some. The initial premium cost is higher than some basic insurance policies, which might deter potential customers.
Also Read: Is Hangkai Boat Motor Worth It?
Progressive Propulsion Plus Versus Competitors
Choosing the right boat insurance can feel like a sea of confusion with so many options available. To simplify your decision-making process, let’s compare Progressive Propulsion Plus with five of its close competitors.
- Geico Marine Insurance
Geico’s boat insurance is comprehensive and competitively priced, making it a strong competitor. Unlike Progressive Propulsion Plus, it doesn’t specifically cover lower units or trolling motors.
However, Geico’s mechanical breakdown coverage could provide some protection for these parts, depending on the specifics of the policy.
- State Farm Boat Insurance
State Farm is well-known for its wide range of insurance products, including boat insurance. It covers most risks associated with owning and operating a boat, but similar to Geico, it doesn’t specifically cover lower units and trolling motors.
Their coverage might be more comprehensive, but if you’re after the specific coverage offered by Progressive Propulsion Plus, State Farm might fall short.
- Allstate Boat Insurance
Allstate provides a wide array of coverages, including physical damage coverage, liability coverage, and even a “Boater’s Bonus” package that offers increased protection.
However, it does not specifically address the coverage for lower units or trolling motors. In this respect, Progressive Propulsion Plus holds an advantage.
- Nationwide Boat Insurance
Nationwide is known for its extensive insurance offerings and excellent customer service. They offer specialized boat insurance policies, including “on your side” claims service, which could be a significant advantage if you need to make a claim.
However, like the other providers listed, they do not specifically mention coverage for lower units or trolling motors.
- Markel Specialty Boat Insurance
Markel Specialty Boat Insurance offers comprehensive boat insurance that includes coverage for actual cash value or agreed value. While their policies are customizable, they do not explicitly state coverage for lower units or trolling motors.
On the plus side, they offer additional coverages for personal effects and fishing equipment, which might be a deciding factor for some.
While these competitors offer strong general boat insurance policies, Progressive Propulsion Plus stands out with its unique coverage for lower units and trolling motors.
Each company has its strengths and weaknesses, and it’s crucial to identify what aspects are most important for your specific situation before making a decision. Progressive Propulsion Plus might be the right fit for you if you’re after comprehensive protection for your boat’s most critical mechanical components.
Also Read: Comprehensive Differences Between Camaro V6 And V8 Insurances.
Frequently Asked Questions (FAQ)
As mentioned, Progressive Propulsion Plus is designed to cover the lower units of outboard motors and sterndrives, along with trolling motors. This includes protection from both mechanical breakdown and accidental damage.
Most standard boat insurance policies do not cover the lower unit. However, Progressive Propulsion Plus is an exception, specifically offering coverage for this part of the boat.
The two main types of boat insurance are “actual cash value” and “agreed amount”. Actual cash value policies consider depreciation and only pay up to the actual cash value of your boat at the time it was damaged. Agreed amount policies, on the other hand, cover the boat up to a specified amount agreed upon by both the policyholder and insurer.
Most boat insurance policies do not cover trolling motors. However, Progressive Propulsion Plus does include coverage for trolling motors, a standout feature not commonly found in other plans.
Wrapping it Up
In conclusion, whether Progressive Propulsion Plus is worth it or not largely depends on your specific needs and situation. If you own a boat with expensive lower units or trolling motors, it can be a worthy investment.
It’s crucial to balance the potential repair costs against the premium you’ll pay for the insurance.
As with any financial decision, it’s always a good idea to do your research, compare different options, and consider your individual needs before making a choice.
Progressive Propulsion Plus is a unique offering in the market that can provide significant benefits, but like all products, it’s not without its drawbacks. It’s always best to weigh up the pros and cons to make an informed decision.
