SMT unveils new repair coverage plans

Author:
Updated:
Original:

Secured Marine Transactions introduced a new series of extended plans covering repairs of propulsion systems and accessories on new and pre-owned boats.

SMT offers a wide range of packages tailored to suit the specific requirements of different sizes and types of boats. Engine coverage plans include outboards, stern drives, inboards, diesels and personal watercraft. Accessory packages include trophy fishing, ski boats, runabouts, navigation electronics, trailers and cruisers.

New-boat service plans offer terms up to eight years, including the manufacturer’s warranty. Preowned boat plans offer terms of 12, 24 or 36 months for qualifying products up to 10 prior model years. Participating service dealers and boatyards are reimbursed for parts and labor, with claim payments made directly to the repair facility.

Boat owners can purchase the service plans through a participating dealer or broker when buying a new or used boat, or online through the Boats.com, YachtWorld.com and SMT Web sites.

The SMT extended service plans are administered through an agreement with FPC Premium Marine Protection, a Protective Life Insurance company.

Branford, Conn.-based Secured Marine Transactions, a division of Secured Marine Trust, LLC, is a global marine financial services and data management company that provides an online management system for expediting and administering vessel sale transactions.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.