Nuts & Bolts:
INAMAR, the marine marketing and underwriting division of ACE USA, introduced a significantly enhanced version of its elite yacht program, an insurance program designed exclusively to fulfill the unique insurance needs of high-value luxury yacht owners. This program is designed specifically for vessels valued at $5 million or greater, and includes many new innovative benefits such as a waiver for the hull physical damage deductible if the loss amount exceeds that deductible. Other benefits and features include: worldwide navigation limits, fine arts coverage, captain and crew coverage, loss of charter income, rental reimbursement and marine environmental damage benefits along with many other distinctive policy provisions.
Dollars:
Policy limits depend on client requirements. The deductible is generally one-half percent of the Hull (property) limit, although it is conditional.
Carrier:
ACE American Insurance Co., rated “A” by A.M. Best, admitted.
States Available:
All.
Contact:
Peter LaFontaine, (215) 640-2609 or peter.lafontaine@ace-ina.com. www.inamarmarine.com.
Was this article valuable?
Here are more articles you may enjoy.
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget From This Issue
