Travelers is offering a discount of up to 10 percent on hybrid boat and yacht insurance, the company announced today.
"Hybrid vessels are using the latest, state-of-the-art technology in the marine industry," said Chantal Cyr, vice president of the Boat and Yacht Division for Travelers. "At Travelers, we closely follow the newest developments in boating so we can deliver the best marine insurance products and services to meet our customers' evolving needs."
Travelers defines a hybrid boat as one that uses an integrated propulsion system that incorporates an internal combustion engine and an electric motor in its original design. In this system, forward propulsion can be accomplished with the use of the electric motor with or without the use of the internal combustion engine.