Dream boat.
The boats may be to die for, but the market for insurance is not so ideal. Andrew Newman says rates are still too low, the sector is overcrowded and theft is still a significant problem.
With the August eclipse of the sun nearing, brokers should witness aflurry of enquiries, as craft of all kinds prepare to sail off to get the
best views of this unique event.
Navigators & General has issued an advice summary for brokers, providing
answers to some of the questions most likely to arise. This solar event
provides an ideal platform for the yacht insurance market to display the
service theme. The trend, at least in the small boat sector, has brought
pricing, rather than service, to the
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