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Monthly Archives

April 2020

COVID-19 | Helpful tips for pleasure craft owner

By Insurance, News

Dear Business Partner,  

We hope you and your loved ones are staying safe and healthy through these challenging times. We are facing an unprecedented situation and our goal is to support you and your clients in any way we can.

Whilst we may be working from different locations than you are used to, we will continue to support you, as we have in marine pleasure craft lines for over 15 years. In these challenging times we would like to remind you of some features that can assist customers who may be facing financial pressures.  

As you are aware, for privately owned, insured and registered trailer craft and PWC’s, our lay-up feature is available and can help reduce premiums payable. Applying layup will reduce the premium for each month selected and cover will be restricted only to the agreed location where the boat is parked during the elected months. Transit of the boat to a recognised marine dealer for servicing and maintenance is covered even during the lay-up months.  

Lay-up can be applied to your clients’ policies by emailing and stating the policy number, specific layup months required and exact storage location for approval. Our team can then process this request and send you a confirmation.  

Other ways to reduce premiums include reviewing the ‘sum insured’ using your free broker agreed value link and removing add-ons such as water skiers liability from trailer boat policies, if not required.  

Please remember, marine environments are unique and clients should continue to be proactive on maintenance and support around their craft, especially when permanently kept in the water. You can access other helpful tips via our staff, through information regularly provided in Nautilus Marine, The Magazine, or from a clients’ local boating industry or support partner.

Such options for your customers are not limited to pleasure craft and we have similar considerations on our caravan and motorcycle domestic lines. In our commercial industry and Proteus Marine lines, our experienced underwriters and business development staff can help you shape appropriate solutions as well.

If you have any questions please don’t hesitate to contact your local Business Development Manager using the contact details below.

We are open and here to support you and your business in any way we can.


The NM Insurance Team