Five dealers in the Marine Industry Certified Dealership Program received a bonus credit of as much as 10 percent of their premiums because they filed no insurance claims in the fiscal year during the program’s pilot run.
Advantage Yacht Sales, Colorado Boat Center, Mount Dora Boating Center, Sea Ray of Cincinnati and Texas Marine combined to receive more than $12,000 in no-claims bonus checks, which were distributed by Norman-Spencer Insurance and CNA Insurance.
The dealers were recognized in front of their peers during a recent luncheon that was part of the Marine Dealer Conference & Expo in Orlando, Fla.
“Most folks pay their insurance premiums and never hear a word from their agent unless there is some sort of problem,” Mark Yearn, a marine insurance specialist with Norman-Spencer Agency, said in a statement.
“Well, we want to change that formula. Conducting business in a safe, responsible manner deserves recognition, and we’re more than happy to show that to our customers through these no-claims bonus checks.”