Recreational marine

5 Industry Insights: 2018 to be strong year for Recreational Marine Insurance

Destruction in Texas and Florida from Hurricanes Harvey and Irma reached $200 billion1, with damage estimates to recreational boats topping $655 million as a result2. Despite this, boat sales are slated to rise another 5 to 6 percent, adding to the already 12 million recreational boats currently in use in the United States3,4. To shed…

Prepare Clients for Hurricane Season with Five Wind Insurance Tips

In the months of June through November, areas off the Atlantic coast of the United States have the potential to be hit with hurricane force winds.1 Hurricane force winds are considered wind gusts sustained at 74 mph according to the National Weather Service. The estimated value of coastal properties that are vulnerable to hurricanes exceeds…

3 Questions to Ask Your Boating Clients

From Personal Recreational Marine to Charter Boats and Marinas All boat policies are not created equal. The language in some policies can be intricate and complex, making it difficult for brokers unfamiliar with these unique policies to determine if their client is covered. Particularly when it comes to charter boats and marinas–there can be significant gaps in…

Are You Missing the Boat on Potential New Business?

When it comes to marine insurance coverage, there’s a of sea opportunity. Are you missing the boat on potential new business? Even if you don’t have marine experts in your organization, you don’t need to let these opportunities float away. Instead, partner with a team with vast knowledge of maritime laws, warranties and liability exposures that…

Recreational Boating Coverage: The Insurance Lifesaver Your Clients Need to stay afloat

As winter transitions into spring, your boating clients will be itching to get back on the water for days full of fishing, swimming and water sports. Help them make the most of the season by ensuring they have the right coverages in place. Whether your insureds own a small, personal watercraft, or a yacht or…

The 1 Thing Likely Missing in Your Portfolio

The One Thing Missing in Your Portfolio

She starred in the Hollywood blockbuster Mutiny on the Bounty as well as two Pirates of the Caribbean movies. And she was worth millions. “She” was a historic replica of the HMS Bounty: an iconic tall ship that fell victim to Hurricane Sandy. To boaters, the sinking of the HMS Bounty goes deeper than any ocean. As watercraft enthusiasts,…

Floatation Devices