Norman-Spencer Launches P&C Program for Recreational Marine Market

The Norman-Spencer Agency is launching First Marine, an A+ rated, nationally admitted property and casualty coverage product.

First Marine is a new proprietary program available through Norman-Spencer’s Marine Insurance Division for boat dealers, marinas, yacht brokers, boat rental and boat repair businesses.

Covered under First Marine are: boat dealer inventory; docks, piers and wharves; marina owners legal liability (MOLL); protection and indemnity (P&I); owned watercraft; property, inland marine, crime, general liability, commercial auto; and umbrella.

First Marine provides coverage enhancements including personal use of boats in inventory by owners and officers, loaner boat coverage, dock debris removal up to $250,000, replacement cost or ACV options available for piers, wharves and docks, medical payments on P&I with no deductible and crew coverage available under P&I. In addition, liquor liability, yacht club extension, engine hours E&O and limited sudden and accidental pollution are available.

Norman-Spencer and Western Marine Insurance Services, part of Norman-Spencer since 2008, have provided marine dealers, marinas, agents and tens of thousands of boat owners and fishermen with insurance policies for more than 30 years.

Topics New Markets Property Casualty