WAUKESHA, Wis., March 12 /PRNewswire-FirstCall/ — Markel American Insurance Company today announced the enhancement of their Markel High Performance Insurance program that provides coverage for boats with speeds up to 120 mph. This program, the longest-running program for insuring high performance boats, joins their other Specialty Personal Lines, such as motorcycle and various boat products, providing essential coverage to enthusiasts.
With the reintroduction of Markel High Performance, high performance boaters will receive more benefits than with any other current program at more competitive rates than ever before. This update of the program is designed to highlight Markel American’s commitment to the high performance boating market while providing improved coverage at a competitive price. To build a program that addresses the unique needs of the high performance boater, Markel American leaned heavily on their experience and expertise while tapping their relationships with various industry leaders — from manufacturers to surveyors.
“We have been insuring high performance boats longer than anyone else and understand the challenges these boaters face in finding comprehensive coverage. We want to help them not only insure their boat but to safely pursue their passion of ‘going fast.’ We believe that as a market leader in high performance boat insurance we are best equipped to look out for the best interest of the performance boater,” said Timberlee Tamraz Grove, president and chief operating officer of Markel American Insurance Company.
A Markel High Performance policy provides Agreed Value Total Loss coverage for the boat as well as the following at no additional charge:
— Protect and Recover in addition to and equal to the hull limit
— Personal Effects coverage
— Emergency Towing and Assistance
— Windstorm Extra Expense
— Wreck Removal (with purchase of Watercraft Liability)
— Medial Payments
— Uninsured Watercraft
The program is managed by Markel’s MAGIC processing system — the most up-to-date processing system in the industry. This system provides the opportunity for efficiencies previously unavailable to agents writing high performance policies.
More information can be found at http://www.markelmarine.com/ .
A subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, and Specialty Property. For more information on our products, please visit http://www.markelinsuresfun.com/ .
The Richmond, VA-based Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the company strives to provide quality products and excellent customer service. For more information, please visit http://www.markelcorp.com/ .
First Call Analyst:
FCMN Contact: kbehringer@markelcorp.com
Source: Markel American Insurance Company
