Recreational marine

‘Jeopardy!’ Champion’s $1.8 Million Winnings a Reminder to Safeguard Sudden Wealth

On Monday, May 20, 34-year-old professional gambler James Holzhauer won $89,229 on his return to “Jeopardy!” following a two-week hiatus from regular play. He won another $86,905 on Tuesday, May 21 and set a series record for highest per-game winnings average: $77,798. Holzhauer is the biggest single-game cash winner – $131,127 – and second-biggest overall…

National Boating Safety Week Begins While Accident Numbers Climb

May 18 marks the beginning of National Safe Boating Week, a project of the National Safe Boating Council and the National Oceanic and Atmospheric Administration’s Weather Service. Set before Memorial Day, when boating season begins in earnest, the annual campaign provides free resources and education, seeking to raise public awareness of life-saving safety measures such…

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…