Progressive Insurance recently introduced a new coverage option for boaters. Called Propulsion Plus, the policy pays to repair or replace the lower unit of an outboard or the outdrive of a sterndrive engine in the event of mechanical breakdown.
The coverage is available for boats as much as 10 years old and can be kept until the boat turns 21 years old. Propulsion Plus is available as an optional coverage for as little as $38 a year.
“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,” Progressive boat product manager Rick Stern said in a statement. “So really, Propulsion Plus was created as a result of customer demand. They asked for it and we made it happen.”
