Skip to main content

A boost from an insurance product

  • Author:
  • Updated:

We’re all familiar with selling the “I” in F & I which can be distinctly profitable. Indeed, in some clearance-selling (aka dumping) situations the profit in the F & I can actually be the largest share of any profit in the deal! Now there’s an added “I” that could bring some added profit.

In its continuing effort to find more profit-centers for retailers, the Marine Retailers Association of America (MRAA) has developed a retail boat insurance program through National Marine Underwriters. To date, more than 80 dealers in 30 states have registered for the new program, an impressive start.

Essentially, the retail boat insurance program is an on-line system that easily delivers retail boat insurance to every MRAA member-dealer's showroom. And, why not? There is a distinct advantage in having this service available right at the dealership. After all, customers want boat insurance to protect their investment and to meet the requirements of most lenders. Dealing with insurance agents can be time-consuming for the customer. It makes sense to offer it in one convenient step during the purchase and F & I process.

To learn all the details, contact the MRAA Offices at 708-763-9210 or direct your inquiry to NMU’s Stephen Pease at 888-262-5891,

Finally, if you’re already participating in the program, how about sharing here what impact it’s had for you thus far?



Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.


Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.


Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.


Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.


Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.


Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.


Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.