I had the exact situation. Took my boat to the skeeter dealer and he called and said that line had wrapped round the shaft and damaged the seal, causing the bearing to fail. He took pictures and sent them to Foremost. The paid in less that 24 hours. I asked the dealer when I bought the boat which company paid the easiest and he said Foremost. When I filed the claim they asked a couple questions about the maintenance, it was serviced every spring. They said since it was damaged by underwater object %100 covered less deductible and %3 depreciation per year.