Norman-Spencer Launches P&C Program for Recreational Marine Market

The Norman-Spencer Agency is launching First Marine, an A+ rated, nationally admitted property and casualty coverage product.

First Marine is a new proprietary program available through Norman-Spencer’s Marine Insurance Division for boat dealers, marinas, yacht brokers, boat rental and boat repair businesses.

Covered under First Marine are: boat dealer inventory; docks, piers and wharves; marina owners legal liability (MOLL); protection and indemnity (P&I); owned watercraft; property, inland marine, crime, general liability, commercial auto; and umbrella.

First Marine provides coverage enhancements including personal use of boats in inventory by owners and officers, loaner boat coverage, dock debris removal up to $250,000, replacement cost or ACV options available for piers, wharves and docks, medical payments on P&I with no deductible and crew coverage available under P&I. In addition, liquor liability, yacht club extension, engine hours E&O and limited sudden and accidental pollution are available.

Norman-Spencer and Western Marine Insurance Services, part of Norman-Spencer since 2008, have provided marine dealers, marinas, agents and tens of thousands of boat owners and fishermen with insurance policies for more than 30 years.