Marine

New to personal marine insurance? Here are three key considerations for agents when looking to write a personal marine insurance policy.

Record sales of recreational boats mean more inexperienced people are taking to the waters, raising concerns for agents and carriers.

Technological improvements make taking to the water safer. Such modernization brings a variety of boat insurance considerations for agents and clients.

“Seek out an agent that specializes in personal marine insurance and learn the business,” says independent agent Roger Beale. “In a marine policy, one line removed out of the policy can change the coverage.”

From hurricanes to lightning strikes, extreme weather events can lead to significant financial loss if a boater is not adequately prepared or insured.

COVID-19 is shifting the current in the oldest form of insurance in the world. Here are four ways agents are serving their commercial marine clients.

The coronavirus pandemic presented the marine cargo insurance industry with significant challenges. When the distribution of the COVID-19 vaccinations commences, the market will be in the spotlight.

With significant losses over the last couple of years, commercial marine had started moving toward a hard market. Nevertheless, several market research firms have projected growth of $8 billion by 2024.

Even during the coronavirus pandemic, independent insurance agents must stay up to date with the ebb and flow of the dynamic boating industry.

If an agent wants to put their personal marine book in the windward direction, they need to know their starboard from their port to earn a client’s trust.