Tag Archives: insurance

MarineMax enters yacht insurance business with acquisition

MarineMax, Inc. (NYSE: HZO) announced that it acquired Private Insurance Services, a specialty yacht insurance agency. Private Insurance Services, an affiliate and part of the recent acquisition of Northrop & Johnson, provides yacht insurance programs for top yacht management groups, maritime attorneys and brokerage houses worldwide. With the acquisition, MarineMax enters the yacht insurance segment of the industry, expanding its ...

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MarineMax becomes BoatUS repair provider

Every hurricane season, some boat owners are faced with the need to file insurance claims and get their boats repaired. To make that process easier, MarineMax has now become a Repair Provider for BoatUS Marine Insurance Program members, who may get help with insurance claim repair work from the nation’s largest recreational boat retailer with dozens of local repair and service facilities across ...

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The Top 10 F&I profit killers

If you have been reading the industry literature or listening to the "experts," you have almost certainly heard how much your F&I profit center should be contributing to your store's profit – and yet, your results just don't look that way. Why? When you look around at the differences between the highly performing dealerships and the underperforming stores, there are ...

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NBOA partners with Ironshore Indemnity to create exclusive insurance program

SARASOTA, Fla. – The National Boat Owners Association (NBOA) and Ironshore Indemnity Inc. have collaborated to create the Ironshore Premier Watercraft Policy which will be available to boat owners nationwide effective July 2015. The Program, provided exclusively through NBOA’s marine insurance agency, offers industry-leading coverage for boats up to $750,000 in value, with a broad range of coverage options designed ...

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Marina risk management strategies

Sean H. Griffin, account executive/marine specialist, Commercial Insurance Division, Cook, Hall & Hyde, Inc. -- According to Association of Marina Industries (AMI) data, there are approximately 14,500 marinas in the United States, a large percentage of which have inadequate risk management procedures in place. Further, the current distressed economy has added new exposures to marinas in addition to the traditional ...

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