In the middle of July in most parts of the United States, peopleare taking to the water to cool off. They may be sailing, fishingor just cruising the harbor. They may be in anything from a kayakto a 500-foot yacht. An important consideration for all of theseboat owners is whether they have the right insurance coverage inplace.
Agents and brokers can help by reviewing the customer’s needsand pointing out some coverage issues that the customer may not beaware of, advises Michael Terrier, senior yacht underwriter andyacht department manager for the Maritime Program Group, Westbrook,Conn.
[Related: Boat insurance 101]
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
