The Hanover Insurance Company filed a 7% rate increase for its Personal Lines Watercraft program in Virginia, effective February 27, 2026 for new business and April 15, 2026 for renewals.

The update affects 154 policyholders and about $60,000 in premium, adding roughly $4,200. Hanover attributes the move to maintaining rate adequacy and keeping up with loss trends, noting that its own experience is not yet fully credible for indication development. The company previously increased this line by 15% in April 2025.