Travelers Data Shows Collisions, Weather Among Most Common Boating Claims
The Travelers Companies, Inc. (NYSE: TRV ), in recognition of National Boating Safety Week (May 20-26), today announced the top causes of boat and yacht claims to help boaters avoid common and costly mishaps.
- The Travelers Companies, Inc. (NYSE: TRV ), in recognition of National Boating Safety Week (May 20-26), today announced the top causes of boat and yacht claims to help boaters avoid common and costly mishaps.
- Based on Travelers claims from 2018-2022, the top three causes of loss were collisions (38%), severe weather (19%) and mechanical breakdowns (11%).
- View the full release here: https://www.businesswire.com/news/home/20230522005383/en/
“With an uptick in boating activity in recent years, we continue to see boat and yacht insurance claims that may be preventable,” said Todd Shasha, Assistant Vice President of Personal Insurance at Travelers. - Monitor your local forecast and create a preparedness plan that you can follow in the event of severe weather.