Boat Insurance News

ACE Introduces Online System for Quoting Boats

ACE Group has launched a new online tool, ACE EZQuote, that allows independent agents and brokers to generate a bindable quote for boats in less than four minutes. Available through its ACE Recreational Marine Insurance business, ACE EZQuote works for …

Novamar Insurance Group Expands Yacht Program

Novamar Insurance Group, Inc. has expanded its Novamar Offshore Yacht Insurance program.  Yacht owners can now insure their vessels while cruising locally or around the world with an “A + rated” U.S. insurance company at competitive premiums.  The Novamar Offshore …

Norman-Spencer Marine Launches TradeWinds Yacht Insurance Program

The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program. According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in …

Man Who Sold BoatUS to Buffett Dies at 85

Richard Schwartz, the lawyer who founded a boat insurance and towing operation and then sold it to Warren Buffett, has died. He was 85. Schwartz died on Feb. 11 after a short illness, according to Scott Croft, a spokesman for …

Progressive Announces New Boat Coverages in Florida

The Progressive Group of Insurance Cos., which insures more than one million watercrafts nationwide, has launched a line of new boating coverage options targeting Florida’s large population of boating enthusiasts. The Mayfield Village, Ohio-based company noted data from the National …

GetMyBoat Boat Rental Service Launches Boat Rental Insurance

GetMyBoat, a global peer-to-peer and boat rental and charter marketplace, has launched a global boat rental insurance product. Customized coverage is offered to boaters who book through the company or through any other service or platform. Policies can be purchased …

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 …