Re: Boat Insurance During Pandemic
All US Amel Owners,
Here is what I think: The change in the marine insurance business started in about 2011-2012 when large companies began to swallow smaller ones. The first sign we saw was the ridiculous denial of legitimate claims from some of these companies. Do you remember the episode with NIKIMAT insured by Helvetia? The next thing I saw was legally manipulated policy language which gave almost all rights to the companies. More recently, we see most of the rest of the companies who chose not to wrongfully deny claims or write unfair policies simply leave the marine market. Of course, insurance company losses caused a lot of this.
I believe that if I were in the market today, I would self-insure for all casualty losses and write a liability-only policy. If you are a US boat and have trouble finding an insurance policy or a liability-only policy (third-Party), I suggest that you contact Gary Golden, Manifest Marine. Manifest Marine was established in 2016 in the wake of its founder, Gary Golden, selling his interest in International Marine Insurance Services (IMIS), an agency he co‑founded in 1987.
I really like Gary and he is a knowledgeable insurance specialist for the marine market.
On Thu, Apr 16, 2020 at 6:35 PM Porter McRoberts via groups.io <email@example.com> wrote: