American boat insurance now available for travelers to Cuba

american boat insurance

The United States has now approved a coverage for craft traveling into Cuban waters. American boat insurance is now available to boaters traveling from the United States into Cuban waters. Marine insurance company, Pantaenius, will be offering policies for this situation. This may reduce a considerable barrier to Cuban travel for the purposes of cruising and fishing. While the embargo for travel to Cuba was lifted nearly a year ago, hull insurance had yet to be allowed. When the embargo was lifted, U.S. citizens with a legal reason to travel…

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Boat insurance policyholders don’t always understand their coverage

boat insurance

Many customers don’t realize that there is a great deal more to this protection than meets the eye. Boating season is now fully underway and boaters have purchased their boat insurance policies for the season. That said, many of the 87 million recreational boaters in the U.S. don’t seem to fully understand those policies. Recreational boaters buy insurance coverage year after year without knowing important points about it. Among the most important types of boat insurance coverage is the form that provides protection when it’s not in use. When your…

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Boaters may need to be careful this Fourth of July

boat insurance fourth of july

Insurer warns consumers to be careful during their celebrations July fourth is approaching and many people throughout the United States are preparing to celebrate the occasion. One of the staples of the Fourth of July is fireworks, and these explosive displays of color can be wondrous fun, but they also become very dangerous when mishandled. The Chubb Group of Insurance Companies is warning those planning to celebrate the Fourth of July to exercise caution, because consuming too much alcohol can lead to a misuse of fireworks and cause a disaster.…

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Boat insurance may be necessary even after homeowners coverage

Boat Insurance

The boating season has already started but many enthusiasts don’t realize that they’re not adequately protected. Although the season for watercraft has had its unofficial start and people have been flocking to their local lakes to be able to get as much out of this year’s warm weather as they possibly can, but many don’t realize that they will likely require additional boat insurance to provide them with the coverage that they need. It isn’t uncommon for people to think that their homeowners insurance or cottage policy is enough. AAA…

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Is your insurance ready for National Water Safety Month?

pool summer water safety insurance

After the long winter, it is almost time to start opening pools and heading to the beach again. Now that the weather is warming up, we are rapidly approaching May, and the insurance industry is reminding Americans that it is National Water Safety Month, which is a very important time for making sure that precautions are taken so that everyone will be able to enjoy various aquatic activities safely. Even before that month has the chance to begin, there are certain steps to take. Although you may only be opening…

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Wallet Overboard: What You Need to Know about Boater’s Insurance

Boat Insurance

With the boating season getting into top gear for another year it is a good time for re-evaluating what boaters insurance you currently have and whether it is good enough to ensure you are not left out of pocket in the event of making claim. There are a few fundamental errors that a number of boat owners make with their insurance coverage and also a fair number of widespread misconceptions, so here is a look at some of those frequent mistakes and how to protect your boat from causing you…

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Boat insurance lawsuit filed regarding sunken ship

boat insurance ship

The owner of the vessel that sunk is now filing a number of suits in relation to the incident. The owner of the tall ship Larinda and of a commercial vessel that sunk, has now launched a wave of different legal actions with the Nova Scotia Supreme Court, in Canada, regarding its boat insurance coverage and other issues. The documents that were filed by the plaintiffs name issues of misrepresentation and of negligence. According to the filings, LeGrow’s Marine Ltd., Larinda Ltd., and the president and director of those two…

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Marine insurance sectors continues to struggle from 2012 losses

Marine Insurance

Marine insurance takes a grievous blow from Hurricane Sandy It has been nearly six months since Hurricane Sandy struck the U.S. and losses from the powerful storm are still being reported and tallied. The storm, which hit the East Coast in October 2012, caused widespread flooding throughout several states, but the storm surges created by the storm also had a powerful impact on the marine market, and not just in the U.S., but around the world. The International Union of Marine Insurance has released a new report highlighting the global…

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The latest summer insurance news issues for consumers

Insurance News Amy Grant NAIC

Concerns and coverage needs change during the hotter months. Summer is now underway and all of the favorite activities for the hot weather are starting to be enjoyed. However, before you get your vacation fully underway, it’s important to make sure to check with the latest insurance news and know that you have all the coverage you need. Whether you’re buying a boat, renting a cottage, or installing a pool, consider summer coverage needs. All too many people don’t give insurance news statistics a second though, putting themselves at risk…

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Boat insurance is now taking dogs and other animals into account

dog pet insurance company

Some pet insurance coverage now includes injuries on the water. The largest recreational boat owners group in the United States, BoatUS, has just announced that it has launched a number of programs that are designed specifically for owners of dogs and other animals, such as the pet insurance coverage that is being offered through its boat insurance. The coverage is available to boaters through the BoatUS Marine Insurance Program. It first came effective on June 1, 2012, and is a form of pet insurance protection that will automatically include a…

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