Welcome to Boat Dealer Guide
Yamaha Boat Dealer Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Choosing Boat Dealer Insurance
from:If you’re a boat dealer, it’s critical that you be properly insured. Choosing your boat dealer insurance policy is one of the most important business decisions you’ll make.
Any insurance purchase requires some shopping around. Rates can vary pretty significantly, particularly when you require the high amount required for boat dealer insurance. So, you’ll want to visit several agents with several different insurance companies to make sure you get the right coverage at the right price. Here are some things to consider when choosing boat dealer insurance.
• Will your boat dealer insurance be a flat rate or based on your inventory?
• Will your boats be covered whether on land or on the water?
• Will you have liability coverage for demonstration or transporting for demonstration?
• Will you have liability coverage for work performed by you or your employees?
• Will your boat dealer insurance cover all risks, such as floods, waves, and wind?
• Will your boat dealer insurance cover fire?
• Will your coverage include real and personal property, including any items you have on premises, rather than just your boat inventory?
• Will your insurance cover used boats you’ve accepted as trade ins, or just your new boats in inventory?
• Will your insurance policy include excess liability coverage that picks up other areas not specifically covered?
You should interview several agents with several different insurance companies and ask all of them these questions, covering their various policies in detail. Once you’ve narrowed your choices down to one or two insurance companies and one or two insurance agents, it’s wise to talk to some of their customers.
By this, I don’t mean ask for references. No insurance agent will ever give you a reference that will tell you anything negative. Instead, it’s better to find people on your own who have experience with the insurance company you’re considering.
You may not be able to find people who’ve used the same agent, but you should at least find someone who has used the same insurance company. If possible, talk to someone who has filed a claim. Knowing how an insurance company works during the claim and payment process is critical to feeling comfortable that you’ve chosen the right company. First, find out about the kind of coverage that the person carried. Next find out how accessible their agent was during the claim reporting process. Finally, find out if they had disputes with their insurance company or if the claim was settled promptly.
Steer clear of insurance companies with a reputation for delaying or denying claims. They may have the lowest rates, but they probably keep them low by denying legitimate claims and giving their clients the runaround over what they’ll actually cover in the event of a problem.
Yamaha Boat Dealer News
Michigan boating business rides wave to recovery - The Detroit News
Michigan boating business rides wave to recovery The Detroit News The Detroit Boat Show at Cobo Center is riding this wave of tentative recovery, boasting more boats, brands and leased exhibit space than in prior years when it opens Saturday, said boat show spokeswoman Nicki Polan. Sales of luxury yachts, ... |
Yamaha rolls out new mobile app - Trade Only Today
Yamaha rolls out new mobile app Trade Only Today Yamaha Marine Group launched its first mobile application for the iPhone and iPod Touch, just in time for the Miami International Boat Show. The app is now available free through the iTunes App Store and it offers users a host of tools and information ... |
The Art Market: Sales, resales and no sales - Financial Times
 Financial Times | The Art Market: Sales, resales and no sales Financial Times There was lively activity in the saleroom from private buyers but the top lot went to the Cologne-based dealer Alex Lachmann, who often buys for Russian clients. He bagged a stunning Henry Moore sculpture, “Reclining Figure: Festival” (1951, ... |