Boat Insurance News

The Hanover Adds Watercraft Coverage to Personal Lines Product Suite

The Hanover Insurance Group, Inc. has expanded its suite of personal lines insurance products to include a new watercraft insurance offering. As part of the new offering, The Hanover’s watercraft product will offer: Broadened range of coverage for watercrafts including …

Boating Fatalities Increased in Minnesota in 2015

Minnesota closed out 2015 with its highest level of boating fatalities in a decade. Minnesota had 18 boating-related deaths last year, preliminary figures from the Department of Natural Resources show. That’s the most since 23 people died in 2005 and …

BoatUS Launches Peer-to-Peer Boat Insurance Program

BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …

Ironshore Launches Boat Program with National Boat Owners Association

Ironshore Inc. has introduced a new boat and yacht insurance program in collaboration with the National Boat Owners Association (NBOA) to be available nationwide. Ironshore Premier Watercraft program, which will be offered exclusively by NBOA, provides comprehensive cover for watercraft …

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 …