Total Dollar adds to center-console coverage


Total Dollar Yacht Insurance expanded its product line under the Full Throttle Insurance Program to include multi-engine center consoles. The product is available in all states and will be able to accommodate engine configurations as large as five outboards.

The coverage will be written with both State National Insurance Co. and National Specialty Insurance Co., which are A-rated by the A.M. Best Co. and conduct business on an admitted basis in all 50 states with broad navigations, including the Bahamas.

The highlights of the program are hull values to $1 million and primary liability available to as much as $1 million. Total Dollar has additional products to provide liability limits of as much as $5 million. Windstorm coverage is available in Florida and the Gulf Coast and is written on an agreed value form; also provided are medical payments, uninsured boaters, personal effects and towing and emergency services.

The policy requires the vessel to be equipped with a fully functional GPS tracking device to help deter theft, which has been a problem on this class of boat. Vessels that are moored or stored in catastrophe-exposed areas of the country will require a storm plan to be filed, and approved, with the insurance company.

“We are excited to expand our Full Throttle Insurance Program into the high-end center console market, as we understand better than anybody that this market sits in between the normal yacht insurance market and the present performance boat insurance market,” Total Dollar Yacht Insurance vice president Arthur H. Buhr III said in a statement.

“Our goal is to bring an affordable and comprehensive product from a coverage standpoint to what we feel is one of the largest growing sectors of the marine industry, which until now was one of the most under-served from a recreational marine insurance standpoint.”

Click here for the full release.


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.