When purchasing a policy for your boat, yacht or marine insurance needs, you have a few options from which to choose. The choices are generally:
Homeowners Insurance Agent / General Agent – This is your corner store agency that writes your home, auto, health, and life insurance.
Direct Writers – These are the insurance companies (not agencies) who write their product direct to consumers. Progressive, Liberty Mutual, & Geico Auto Insurance are examples. The people you are getting a quote from work for the insurance company.
Niche / Specialty Agents – These are agents who focus on a particular industry niche, like Maritime Insurance International.
While this may sound self-serving, there are significant advantages to using a niche or specialty agent when searching for insurance for your boat, yacht, or marine business. We aren’t the only ones. There are several other great agencies out there in the space to help you, and a few of our competitors we think highly of are listed at the bottom of this page.
For those in the business of repairing and servicing recreational boats & yachts, there is a great solution for insuring your business. The program is called a Marine Artisan Policy. This boat repair insurance is specifically tailored toward small shops, including solo operators. Our policies are low cost solutions to provide you the coverages you will need in the course of your marine business as well as the requirements almost all marinas now have. In most cases, we can provide a quote in as little as a few hours.
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This is a question we get all the time. How much does boat insurance cost? Insurers consider many factors when determining rates for boat insurance. As an independent agency, we work to get rates from various marine insurance carriers. Once we have the basic information, it is a quick process to get rates. Here are all the factors that go into pricing for boat and yacht insurance. If you have any questions after reviewing this information, just reach out to us, and we’ll be happy to help!
Taking your boat out with friends and family can be a great way to spend the day. However, even if you are taking every precaution, accidents and injuries can still occur. If you are the owner of the boat, then you can be held liable for such accidents and injuries. For this reason, boat liability insurance is essential coverage for all boat owners.
A boat dealership can be a profitable and rewarding business. Boat dealers need to make sure that they have adequate insurance coverage to protect their business from potential losses. Here are some key considerations when looking for a high quality boat dealer insurance policy.
Yachts tend to be beautiful, elegant vessels that can provide people with a wonderful and classy way to enjoy the water. These vessels are appealing to the eye and tend to be larger than the average runabout. With larger vessels carrying more passengers, higher risks are inherent. This means that it is especially important for yacht owners to have proper yacht insurance policies for their specific exposures. Below are the two general classifications of yacht insurance policies as well as information on ancillary coverages.
Airboats are great vessels for both personal and charter use. With their unique, air-propelled design, these crafts are ideal for navigating shallow water, swamps, bayous, and even ice. Because they have a flat bottom and no machine parts beneath the surface of the water, they can skim right along surfaces with ease. To protect this unique investment, it is important to have proper airboat insurance coverage for your boat. Whether you are using an airboat for personal pleasure or for chartering, here are some things to consider when seeking airboat insurance for each usage type.
Hurricanes can cause an unprecedented amount of damage to boats, harbors, shipyards, etc. Hurricane Matthew was particularly severe, and we hope that your boat did not suffer any damage.
However, if it did, it is a good idea to file a boat insurance claim as soon as possible. Meanwhile, when it is safe, here are some strategies you might be able to use to protect your boat and try to reduce the chance of any further damage from occurring.
Charter boats can provide a great source of income for boat owners, captains, and crew members. They can also provide a great source of recreation for people. Chartering a fishing boat or a boat for a cruise or tour can be a great way to get out on the water and have a good time.
However, it is very important for owners to have proper charter boat insurance coverage. There are many potential financial hazards that can occur if something goes wrong or if an accident occurs during the charter. Here are some things that owners should consider when they are looking for charter boat insurance coverage for their businesses.