Boat Fix, a recreational boating telematics company that provides a combination of remote monitoring, GPS tracking, geofencing and 24/7 live customer support, announced it has been selected as an approved tracking provider for Markel policyholders. Under the collaboration, all new boat rental customers insured by Markel may subscribe for the Boat Fix service and will receive its monitoring and tracking ...
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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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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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