Electric Boat Discount!

Paul Fisher Insurance Services Now Offers Electric Boat Discount from Travelers Electric Boat Owners can Save up to 10 Percent* on Boat Insurance Policies from Travelers

Paul Fisher Insurance Services and Travelers are pleased to offer a first in the industry electric boat insurance premium discount* of 10 percent for those owing electrically powered boats. Whether boaters are interested in a quieter boating experience, or if they are seeking environmentally friendly boating solutions that help save money on annual fuel costs, electric boats can provide the right alternative for this segment of boaters. As a result, the number of electric boat manufacturers has grown and there continues to be a demand for electric boats in the current economy.
“Boaters who prefer a quiet boating have always considered electric boats and with the rising cost of marine fuel and a growing focus on the environment there is no doubt that more boaters will look to this option,” said Paul, owner Paul Fisher Insurance Services. “As habits are changing and more people are using electric boats, Paul Fisher Insurance and Travelers are ready to offer the innovative insurance solution that fits the evolving lifestyle of our customers.”
Travelers defines an electric boat as a vessel 100 percent powered by a propeller driven, electric in-board source where utility power is stored on board. These vessels are found to require less maintenance and breakdown less often than a typical gasoline or diesel powered boat simply because the motors are less complex. Most electric boats have a top speed of between five and nine knots or about six to 10 miles per hour which makes them suitable for leisurely cruising.
“Because Travelers has a staff of marine experts that fully understand the operation and functionality of electric boats, Paul Fisher Insurance Services will be able to work with them to quickly get an electric boat back in the water, in the unfortunate event that a customer would have to file a claim,” said Paul.
Most electric boats cost between $1 to $2 to fully charge for 10 or 12 hours of cruising time, meaning they cost approximately $.10 to $.12 per hour to operate. This significantly differs from conventional gasoline fueled boats which the industry estimates use about one gallon of fuel per hour for every 10 horsepower while diesel engines consume about one gallon of fuel per hour for every 18 horsepower. Therefore, it would cost about $50 to run a 10 horsepower gasoline motor or an 18 horsepower diesel motor for 10 hours**.
Recently, Travelers analyzed the fuel costs at 13 marinas around the country. This data uncovered the fact that marine fuel costs $.78 per gallon more than the national average for automobile gasoline and $.42 per gallon more than the national average for diesel fuel.
A number of states are designating certain waterways as electric only navigation. This phenomenon has been a trend in Europe and is now catching on around the United States. Electric only waterways help to keep the environment clean and create a quieter atmosphere for boaters looking to cruise and enjoy the outdoors. Additionally, electric boats are often utilized in speed restricted waterways that require boats to be operated without a wake.

For more information contact Paul Fisher Insurance Services or visit www.travelers.com.

Established in 1983, Paul Fisher Insurance Services is an independent insurance agency offering a full range of insurance products including Auto, Life, Home, Business Owners, Equipment Leasing, and more.
For information and quotes on insurance coverage, please visit
Paul Fisher Insurance Services at 3967 William Penn Highway Suite 3, Murrysville, PA 15668 or call (724)519-7503.

About Travelers
Travelers understands that life and business are inherently dynamic and that the best way to serve agents, brokers and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurance company selling primarily through independent agents and brokers. The company’s diverse business lines offer its global customers a wide range of insurance coverage in both the personal and commercial settings, including auto, boat, homeowners, construction, small business, oil and gas, ocean marine, surety and management liability, global technology and public sector services. Travelers is a Fortune 100 company, with 2007 revenues of approximately $26 billion. The company has more than 33,000 employees.

*A discount of up to 10% applies only to certain coverages. The discount may not be available in all states and is subject to individual eligibility.

**www.boatsafe.com/nauticalknowhow/fuel

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