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.
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