Yacht Insurance:
Gone with the Wind

Hurricane Season is a difficult time on the East Coast of the U.S. for boat owners as well as the marine industry in general. Officially,this period of time runs from June 1 to Nov. 30 with peak activitybetween August 15 and October 15th. An excellent example of this is the 4 hurricane landfalls in August/September this past season causing billions of dollars in property damage.

Each year, the marine insurers keep awary eye toward hurricane & windstorm activity. Carriers will routinely issue a moratorium on writing new policies or making changes to existing contracts when there is a named or numbered windstorm developing in the Caribbean Basin. Since there is no fixed time span on a moratorium, keep in touch with your insurance agent for updates. <read more>

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