Premium coverage benefits – increased limits of liability and travel time, haul out allowances, coverage remains in affect for 5 years regardless of dollars paid in claims*īelow is a brief summary of coverage.* Please refer to the Formula Limited Warranty document for the detailed Warranty Statement, including Terms & Conditions, Limitations and Exclusions.No more denied claims due to terminology or inadvertent omissions in the policy language. “Exclusionary” coverage – all components and accessories, unless specifically excluded in the Terms & Conditions, are covered for 5 years.Two key differences between Formula’s warranty coverage and its competitors’: Each Formula boat is covered by a combination of OEM (Original Equipment Manufacturer) and extended warranties providing comprehensive coverage for most parts and accessories, including drive train components, for a full five years.
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