Today’s marine insurance marketplace is complex. The dramatic increase in boat purchases amid the pandemic during 2020 and 2021, by both new boaters and current owners looking to upsize, has significantly impacted the marine supply chain and the insurance market. The increase in demand for new yacht insurance policies from first-time boat owners and current boat owners is resulting in substantial pressure on an already complex and competitive marine insurance market.
To successfully navigate today’s insurance marketplace, Gowrie Group strongly recommends that boat owners and prospective buyers align with an experienced marine insurance advisor early in their boat buying process. Gowrie Group, one of the nation’s leading yacht insurance agencies, and John Wenz, a marine insurance specialist at Gowrie Group, are dedicated to helping Brewer Yacht Sales clients navigate the insurance process. While the reality of today’s insurance marketplace can feel overwhelming, John Wenz is available to help every step of the way. John and his team at Gowrie Group are not only experienced in marine risk management but also have access to a wide range of marine insurance carriers and solutions. Engaging an insurance expert early in the boat buying process allows for ample time to explore multiple options and secure the best insurance solution possible.
Creating an Attractive Insurance Application for Submission. John works with clients to navigate through even the most challenging insurance placements. His goal is to obtain the right insurance solution for each client, so they can get out on the water and enjoy their boat! In addition to the yacht insurance application, John helps clients to assemble the following supplemental materials and details to make each yacht insurance submission as attractive as possible to the insurance companies and underwriters.
Ten Important Supplemental Materials & Factors for Obtaining Yacht Insurance:
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