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Posts Tagged ‘policy’

Sheriff’s policy prevented timely response to teen’s June 17 drowning

Thursday, June 26th, 2014

Sheriff’s policy prevented timely response to teen’s June 17 drowning
News from Lansing State Journal:

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Five Ways Your Boat’s Insurance Policy Can Fail You

Friday, February 14th, 2014

Five Ways Your Boat’s Insurance Policy Can Fail You
News from Gilmer Mirror:

BOAT OWNERS may be surprised to find their boat’s insurance policy may not cover a common sinking like this.

slideshow

Five Ways Your Boat’s Insurance Policy Can Fail You

A Quick Check Up

ALEXANDRIA, Va., January 30, 2014 – Insurance is one of those things you hope you never have to use, but if you do, you expect the policy to fix the boat or compensate you fairly. If you haven’t taken a close look at your boat insu…………… continues on Gilmer Mirror

… Read the full article


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Five Ways Your Boat’s Insurance Policy Can Fail You

Thursday, February 13th, 2014

Five Ways Your Boat’s Insurance Policy Can Fail You
News from Gilmer Mirror:

BOAT OWNERS may be surprised to find their boat’s insurance policy may not cover a common sinking like this.

slideshow

Five Ways Your Boat’s Insurance Policy Can Fail You

A Quick Check Up

ALEXANDRIA, Va., January 30, 2014 – Insurance is one of those things you hope you never have to use, but if you do, you expect the policy to fix the boat or compensate you fairly. If you haven’t taken a close look at your boat insu…………… continues on Gilmer Mirror

… Read the full article


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ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat …

Monday, February 10th, 2014

ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat …
News from Insurance Journal:

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 way, and rewards them with a potentially substantial reduction in their insurance premium.

“Owners who keep their boats on coastal waters from Maine through Texas will save the most with this new option,” said Damon R. Hostetter, senior vice president, ACE Recreational Marine. “We foresee our optional Storm Surge Exclusion endorsement appealing to boat owners who are passionate about their boats, and willing to move their vessels beyond the reach of a storm surge, waves or high tidal waters caused by a severe storm.”

Conscientious boat owners have a number of methods for preventing damage from storm surges. When size allows, they can keep their boat on a trailer and drive it to a safe location. They can also store a smaller boat in “high-and-dry” storage, or make arrangements for their watercraft to be hauled ashore at a facility with sufficient elevation to be beyond the reach of a storm surge. Owners of larger vessels may have a captain and crew to navigate their yachts out of an approaching storm’s path. By addressing the risk of damage from storm surges in advance, these boat ow…………… continues on Insurance Journal

… Read the full article


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Five Ways Your Boat’s Insurance Policy Can Fail You

Saturday, February 8th, 2014

Five Ways Your Boat’s Insurance Policy Can Fail You
News from Gilmer Mirror:

BOAT OWNERS may be surprised to find their boat’s insurance policy may not cover a common sinking like this.

slideshow

Five Ways Your Boat’s Insurance Policy Can Fail You

A Quick Check Up

ALEXANDRIA, Va., January 30, 2014 – Insurance is one of those things you hope you never have to use, but if you do, you expect the policy to fix the boat or compensate you fairly. If you haven’t taken a close look at your boat insu…………… continues on Gilmer Mirror

… Read the full article


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Five Ways Your Boat’s Insurance Policy Can Fail You

Friday, January 31st, 2014

Five Ways Your Boat’s Insurance Policy Can Fail You
News from A Quick Check Up – ParamusPost.com:

By Mel Fabrikant    Thursday, January 30, 2014, 12:57 PM EST   

Insurance is one of those things you hope you never have to use, but if you do, you expect the policy to fix the boat or compensate you fairly. If you haven’t taken a close look at your boat insurance, you could be surprised to find that you may not be entitled to a payout with some common types of claims. That’s because unlike home or auto, boat insurance policies offer a wide range of coverage, from very little to a lot. Boat Owners Association of The United States (BoatUS) recently took a look at the most common claims over the past five years, and has these tips so you will know if your boat’s insurance policy will live up to your expectations:

Consequential Damage: If you take hurricane losses out of the list of common claims, the number one claim is for sinking, and half of all sinkings occur at the dock when some small part below the waterline fails. The most common culprits include hoses/hose clamps, stuffing boxes, outdrive bellows, and sea strainers. But these parts most often fail due to “wear, tear, and corrosion” which is a lack of maintenance issue, so policies won’t pay yo…………… continues on A Quick Check Up – ParamusPost.com

… Read the full article


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Five Ways Your Boat’s Insurance Policy Can Fail You

Thursday, January 30th, 2014

Five Ways Your Boat’s Insurance Policy Can Fail You
News from A Quick Check Up – DigitalJournal.com:

Alexandria, VA (PRWEB) January 30, 2014

Insurance is one of those things you hope you never have to use, but if you do, you expect the policy to fix the boat or compensate you fairly. If you haven’t taken a close look at your boat insurance, you could be surprised to find that you may not be entitled to a payout with some common types of claims. That’s because unlike home or auto, boat insurance policies offer a wide range of coverage, from very little to a lot. Boat Owners Association of The United States (BoatUS) recently took a look at the most common claims over the past five years, and has these tips so you will know if your boat’s insurance policy will live up to your expectations:

Consequential Damage: If you take hurricane losses out of the list of common claims, the number one claim is for sinking, and half of all sinkings occur at the dock when some small part below the waterline fails. The most common culprits include hoses/hose clamps, stuffing boxes, outdrive bellows, and sea strainers. But these parts most often fail due to “wear, tear, and corrosion” which is a lack of maintenance issue, so policies won’t pay you for a new outdrive bellows or sea strainer. But…………… continues on A Quick Check Up – DigitalJournal.com

… Read the full article


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Top tips on an insurance policy to float your boat

Saturday, February 2nd, 2013

Top tips on an insurance policy to float your boat
News from The National:

Ian Walton of Nexus Insurance Brokers offers six pieces of advice on how to ensure that your yacht’s insurance coverage is watertight.

1. Get insured

UAE Marinas are unlikely to accept you berthing your vessel without proof of insurance for the hull and liability exposures. A yacht is likely to be one of the most valuable purchases you will make – in sheer monetary terms at least – so it is well worth going the extra mile to get covered.

2. Get your valuation right

It is important to ascertain the value of your yacht from the outset. This will be an agreed value, so you should ensure the figure realistically and accurately reflects the worth of your new asset. Most policies will cover vessels of up to five or seven years but if it is older, or particularly large, it needs to be evaluated by a competent marine surveyor who will provide an “out-of-water condition” survey report. Irrespective of the boat’s age, it is a good idea to undertake surveys of this nature every 12 months to ensure your investment is seaworthy, does not depreciate too much in value, and remains appropriately insured.

3. Be wary of wear and tear

Pleasure craft owners must be extremely vigilant about wear and tear as this can take its toll on performance, safety, efficiency and overall value……………. continues on The National

… Read the full article


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New legal expenses and assistance policy sails into market

Thursday, November 22nd, 2012

New legal expenses and assistance policy sails into market
News from Insurance Age:

General Legal Protection has launched a legal expenses and assistance product for the marine market with Bishop Skinner Marine.

The provider highlighted that it had worked closely with the boat insurance specialist to create the product and that Bishop Skinner was the first broker to offer the new product with more due to be added.

According to the provider the policy has been designed to appeal to all types of boat owners when they buy hull insurance policies and offers direct access to specialist marine solicitors when making a claim.

The firm said it also covered identity fraud, emergency travel expenses and emergency towing and mooring fees across extended territories including Australia, Bermuda, Cape Verde Islands, the Caribbean, Hong Kong and New Zealand.

Indemnity limits offered include £150,000 for legal expenses claims, £2,000 for emergency travel and £1,000 for towing and mooring fees.

Specialist area
André Scruton, managing director of General Legal Protection, said: “The marine market is a very specialist area and we listened carefully to the requirements and experiences of Bishop Skinner’s team of marine experts to create a product that exceeds everything else on the market and is of genuine value to customers.

“As a result we already have a number of other marine brokers that…………… continues on Insurance Age

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Atlass Insurance offers high-performance boat policy

Wednesday, September 26th, 2012

Atlass Insurance offers high-performance boat policy
News from Trade Only Today:

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Marine insurance provider Atlass Insurance Group is offering the Prime Time Boat Insurance product, available through Atlass and other independent insurance agents nationwide.

“There is a significant need for a customized boat insurance product designed for the high-performance and special-risks market,” company founder and CEO Frank Atlass said in a statement. “This is a market segment that many of the larger insurers choose not to write.”

Prime Time’s insurance is for owner-operated boats valued from $ 50,000 to $ 3 million.

“Atl…………… continues on Trade Only Today

… Read the full article


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