Coming Out of Lay-up
Boat retailers and manufacturers typically generate 30-50% of their annual revenue in the beginning of the year through boat shows and other promotions. That makes this the perfect time to talk to your clients and prospects about how to protect their new (or existing) boat or yacht with Chubb’s Masterpiece Select Recreational Marine insurance.
Boating is more popular than ever
- An estimated 1.3 million new and pre-owned boats were sold in 2022, and early indications point to continued healthy demand for 2023.
- An average of 782 fishing boats will be sold per day in 2023.
- Compared to pre-pandemic levels, boating advocacy groups have seen a 145% increase in those aged 18-44, and a 31% increase in females expressing an interest in boating
Be a trusted resource for your boating clients
Share our Coming Out of Lay-up brochure, and our new Coming Out of Lay-up: Quick Reference Guide via email or social media. These guides offer helpful tips on how to perform a full inspection of their boat after the winter lay-up season.
While you’re helping your clients and prospects get ready for the season, make sure they’re protected with the right coverage.
Chubb Recreational Marine offers clients coverage features such as:
- Precautionary Measures Coverage – Coverage for the cost of moving the boat or yacht to safety if it’s endangered by an impending covered peril (including a hurricane, tropical storm, or fire.
- Temporary Substitute Watercraft – Coverage to temporarily charter or rent a similar type and size of watercraft while yours is being repaired under a covered claim
- Marina as Additional Interest – If the vessel is kept at a yacht club, marina, or other facility, we automatically include such as a facility as an additional interest
Chubb’s Masterpiece and Masterpiece Select Recreational Marine products are also available on a standalone basis, which makes them great tools for attracting true prospects to your agency and to Chubb.
Visit www.chubb.com/watercraft for even more resources, tips, guides, and other helpful information.
