Hurricane Insurance Options for Boaters

Press Release
Thursday, June 28, 2012

GEICO Insurance Agency encourages boaters to review their hurricane insurance options

“It’s important that boat owners understand the details of their hurricane coverage before a storm approaches,” said Eric Baillargeon, GEICO Insurance Agency boat program manager.

“Coverage options such as haul-out protection can go a long way to protecting your investment and bringing you peace of mind.”

Hurricane haul-out protection typically reimburses boat owners a percentage of the cost to move a boat to a safe location when a hurricane watch or warning is issued. Some insurance carriers will also cover expenses such as storage or mooring fees, strapping down and re-launching the boat in calmer waters once the storm has passed.

“It’s much more cost-effective to move a boat to a secure area than to risk facing a dangerous hurricane,” said Baillargeon. “Haul-out protection saves a tremendous amount of money against having a boat potentially damaged or lost because of a storm.”


 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Insurance

Mariners Transiting Delaware River Cautioned

The Captain of the Port (COTP) Delaware Bay is notifying mariners that Upper Delaware River lighted buoy 33 (LLNR 3875) and Upper Delaware River lighted buoy

Top Five Most Costly Insurance Claims

The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance

BWMC's Entry Into Force Imminent

Jacqueline Tan, Senior Claims Executive at the UK P&I Club, commented on the ballast water management controls coming into force:  “The coming into force of the

 
 
Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1055 sec (9 req/sec)