Boat Insurance News

Ironshore Personal Lines Launches Boat, Watercraft Coverage for High-Net Worth Clients

Ironshore’s personal lines unit now offers an endorsement option for personal watercraft coverage for high net worth insured homeowners.  Ironshore’s watercraft program provides “all risk” coverage for watercraft, including jet skis and boats.  Coverage can be obtained for multiple boats …

ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat Owners

ACE Recreational Marine, a nationwide recreational marine insurance provider and part of ACE Group, has introduced an optional endorsement that waives coverage for storm surge damage for those boat owners who are willing to move their vessels out of harm’s …

Firms Helping Boat Owners Test Waters of ‘Sharing Economy’

Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there’s the boat payments, storage fees, fuel, maintenance and repair — these costs can quickly sink the dream of boat ownership. …

Hull & Company Opens New Marine Department

Hull & Company has now opened a new marine department at its Stockton, Calif. location and has appointed marine risk specialist Quincy M. Schmit as commercial lines marine broker. The Stockton marine department will offer full access to competitive markets …

Boating Loss From Superstorm Sandy Could Set Record

N.J. resident Kevin Kelly couldn’t quite tell the damage Superstorm Sandy caused his 30-foot Wellcraft Sportfisher when he saw it last week. It was in the middle of Shrewsbury Avenue in Highlands, N.J., under a pile of about 30 boats …

Progressive Introduces Expanded Coverage for Boat Propulsion Systems

Progressive Insurance has introduced a new coverage for boaters that offers more complete protection of their propulsion systems. The coverage is called Propulsion Plus, and it pays to repair or replace the lower unit of an outboard motor, or the …

Argo Insurance Forms New Partnership for Watercraft Program

Argo Insurance, a member of Argo Group International Holdings, Ltd., will offer a private and pleasure watercraft program through its Commercial Programs unit in partnership with Osprey Special Risks Ltd., a global marine insurance underwriting agent. The program, which launches …

February Offers Opportunities for Boat Insurers

For boat owners and prospective boat owners, summer doesn’t start in June. It starts much earlier than that. In many cases, it starts in February, when a flood of boat shows are held. As a result, brokers and agents often see …