Company expands marine insurance program - Trade Only Today

Company expands marine insurance program

Author:
Publish date:

The Norman-Spencer Agency announced that its AquaPac Boat/Yacht Insurance Program will be available to boat owners, boat dealers and insurance agents nationally, beginning March 1.

AquaPac provides broad, affordable coverage that accommodates the full spectrum of boats.

“We’re building on the tremendous success that AquaPac has had over the last 30 years in the West Coast market,” Paul Sexton, national boat/yacht director for Norman-Spencer’s Marine Insurance Services division, said in a statement.

“This innovative program, paired with very high service standards, has always been highly regarded by boaters, dealers, marine industry groups and the general insurance industry,” he added. “We’re excited to launch the program coast to coast and also provide vast product, policy and pricing upgrades in the process.”

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.