The small-boat and yacht insurance market, despite a wave ofsinkings and other damage from monster hurricanes, has seensurprisingly modest rate increases, according to industryprofessionals. However, some say this could change when the finalloss tab for 2005 damages arrives.
Meanwhile, companies have been decreasing their vulnerabilitywith higher wind exposure deductibles, sources note.
The most favored business, those in the trade say, ismega-yachts and craft located on lakes, where some find ratesdecreasing. Northern and West Coast business is also preferred, assome carriers limit the business they do in Gulf Coast states.
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