PriyaPatel
TLDR:
Ahoy! Insurance has announced a new Yacht Underwriting Offering, expanding coverage for larger boats in the US. The new offering includes coverage limits of up to $2.5 million and a size limit of 95 feet, available in all 50 states and US Territories. The underwriting process is straightforward and fast, with quotes available in under a day. Brokers and agents can benefit from a user-friendly onboarding experience and the peace of mind of underwriters at Lloyd’s.
Summary:
Ahoy! Insurance, a tech-driven insurance provider for boaters, has launched a new Yacht Underwriting Offering to cater to owners of larger boats in the US. The new offering provides extensive coverage with limits of up to $2.5 million and a boat size limit of 95 feet, filling the gap left by traditional insurance carriers. The underwriting process is fast and straightforward, allowing quotes to be generated in under a day.
Key elements of the new offering include:
- Expansion of coverage for larger boats in the US
- Coverage limits of up to $2.5 million and boat size limit of 95 feet
- Straightforward and fast underwriting process
- User-friendly onboarding experience for brokers and agents
- Peace of mind with underwriters at Lloyd’s
This new offering is a significant advancement in the boating insurance industry, providing a seamless tech-infused experience for boaters and agents. The expansion into the larger boat category showcases Ahoy! Insurance’s ability to assess risk accurately and meet the needs of boaters in the US. With the backing of Lloyd’s underwriters, brokers and agents can confidently offer this new product to a wider range of customers.
Overall, Ahoy! Insurance’s Yacht Underwriting Offering represents a major step forward in boating insurance, providing expansive coverage and a streamlined insurance experience for owners of larger boats across the US.
