Member Services for IIAG

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We’re So Vain About How Great Our Marine Market Is!

RSS Member Services for IIAG

  • DRONES WEBINAR TAKES FLIGHT JUNE 22nd – Learn about insurance issues involving drones May 31, 2016
    Drones AKA Unmanned Aerial Vehicles Presented by John Eubank, CPCU, ARM and Bill Wilson, CPCU, ARM Wednesday, June 22, 2016 from 1:00 – 3:00 p.m. ET One of the fastest evolving insurance issues in recent years involves drones. From a non-issue to the presence of millions of hobby and commercial drones, this exposure has taken … Continue reading →
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  • New Resource Area Now Available in the Virtual University May 25, 2016
    Earlier this year, the Big I board approved development of a new area in the Big IVirtual University (VU) to provide members with information about finding, hiring and developing new talent for their agencies. This area is now live in the VU and will continue to expand as we curate more resources. We invite you … Continue reading →
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  • How to be A Superhero for Personal Lines Clients May 25, 2016
    Most of your personal lines clients don’t need you to be faster than a speeding bullet or to leap tall buildings in a single bound. However, they do need smart insurance protection, and there’s one area in which they are particularly vulnerable: JEWELRY. If you’re protecting your clients’ jewelry collections with their HO/renters insurance policies, … Contin […]
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  • Close More Sales with MiddleOak Coverage Checklists May 25, 2016
    Getting clients to think about comparing things other than coverage limits and price is difficult. Even when it seems like they are taking everything into account, you often are not sure that they even “get it.” Since making the intangible tangible is what we do all the time, we offer two checklists to help your … Continue reading →
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  • Turning Your Retirement Questions Into Answers May 12, 2016
    Having trouble deciding which retirement plan is right for you or your agency? Big “I” Retirement Services is here to help you choose which plan best meets your circumstances. We’ve worked with more than 1,000 agencies to help them achieve their retirement goals.   IIABA Support   With over 25 years in the retirement business, … Continue reading → […]
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  • 3 Ways to Compensate Personal Lines Producers May 6, 2016
    Contributed Article by Jacquelyn Connelly, Senior Editor of IA Magazine. If you’re like most independent agencies, you’ve got commercial lines producer compensation down to a science. But chances are you can’t say the same about personal lines. Al Diamond, president of Agency Consulting Group, Inc., works with myriad agencies on the issue of personal lines … […]
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  • How to Build a Relationship with an Online Buyer Through TrustedChoice.com April 19, 2016
    Category: Trusted Choice® ​ goo·gle – /’goog(Ə)l/ verb – google; 3rd person present: googles; past tense: googled; past participle: googled; gerund or present participle: googling search for information about (someone or something) on the Internet using the search engine Google. “I recently googled my 7th grade teacher and found his current e-mail address”   […]
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  • Big “I” Markets – An Inside Look at April 2015 NFIP Changes March 11, 2015
    By Cassie Masone – Selective Insurance Company, Vice President of Flood Operations Selective Flood Releases Bulletin on HFIAA Changes The tides are changing. Due to increasing catastrophic events and resultant rising expenses, Congress has passed numerous updates to help stabilize the National Flood Insurance Program over the last several years, including re […]
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  • Big “I” Markets – Webinars February 25, 2015
    Competing with Direct Sales & Captive Agency Insurers in Personal (and Commercial) Lines March 25, 2015; 1:00 to 4:00 p.m. Eastern Time $79 – Click here to register. Are you tired of all the insurance commercials that shout “Price! Price! Price!”? Are you sick of the silly claim that someone’s exposures to loss can be … Continue reading →
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  • Big “I” Markets – Hot and Cold HomeScanSM February 25, 2015
    The sound of water running all the time or a sudden increase in the water bill can indicate a plumbing leak. Signs of mold or mildew smell in an area that doesn’t get wet, spongy floors or walls, a sagging roof or cracked foundations can be plumbing or exterior water getting in where it’s not … Continue reading →
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Click here to take a listen to this classic song. Is that not one of the most incredible opening lyrics ever written? It’s so
specific and evocative! Well done, Carly Simon!

While we at Big “I” Markets hope you won’t think we’re “so vain” for saying so, we can offer you some amazing marine coverages through our partner ACE. ACE Recreational Marine has been a leading provider of yacht insurance for decades, offering the comprehensive policies available for both private pleasure and select charter usage. The Yachtsman® Policy provides all-risk protection for a wide range of pleasure yachts 27 feet or greater in length and up to $5 million in value, including select occasional charter opportunities, along with many unique benefits and features that are in the marketplace. Some eligibility info:

Yachts (27′ or greater and up to $5 million in value) – Yachtsman/Boatsman Policy

  • Length: Minimum 27′ – no maximum
  • Hull values: No minimum – $5 million maximum
  • No high performance vessels (refer to our Performance Policy)
  • Available in all states except Alaska and limited availability for permanently moored Florida risks: Florida eligibility is only      available for preferred vessels over $1 million in value with a permanent, full time captain employed.
  • Pleasure use
  • Owners/Named insured must be 21.
  • Vessel owners should be experienced in similar size/type vessels. Refer first time boat owners or      those making a jump of 12′ or more.
  • Condition and Valuation surveys required at 10 years of age for salt water risks. 20 years of age for      fresh water risks.
  • Lay-ups – afloat or ashore

Small Boats (under 27′) – Yachtsman/Boatsman Policy

  • Length: no minimum – maximum 26′
  • Hull values: no minimum – no maximum
  • No high performance boats (refer to our Performance Policy)
  • Bass boats acceptable. Pontoon boats on inland waters acceptable.
  • Available in all states except Alaska and Florida.
  • Pleasure use
  • Owners/Named insured must be 21.
  • Some boating experience is desired – refer first time boat owners.

What about Mega-yachts? ($5 million in value and above) Elite Yacht Program.

The Elite Yacht Program® is ACE’s exclusive program to fulfill the specialty insurance needs of luxury yacht owners with vessels valued at $5 million or greater. Exceptional yachts require specialized insurance protection and the Elite Yacht Program provides significantly increased benefit levels for a broad range of coverage, along with many other valuable and unique policy features. Log into www.bigimarkets.com for full details.

If your clients aren’t among the yachting set, ACE offers these coverages for a variety of other watercraft as well:

Personal Watercraft (PWC)

  • Owners/Named insured must be 21
  • Licensed driver
  • Personally Owned
  • Pleasure Use only
  • No more than 2 unrelated owners
  • Speed up to 60 mph
  • Seats 2-3 people
  • 7 ft. up to 16 ft. in length
  • No modifications
  • Water-jet propulsion
  • Owner and Operators must have clean MVR (0-2 points)
  • MVRs required if operator < 25 years old

Charter boats up to $5 million in value – Charter Policy

  • Maximum of 6 passengers
  • No USCG inspected vessels
  • Owners/Named insured must be 21
  • Length: Minimum 27′ – no maximum
  • Hull values: No minimum – $5 million maximum
  • No high performance vessels (refer to our Performance Policy)
  • Copy of owner’s or hired Captain’s license required.
  • Available in all states except Alaska and Florida.
  • Condition and Valuation surveys required at 10 years of age for salt water risks. 20 years of age for      fresh water risks.
  • Lay-ups – afloat or ashore

Performance boats 55 mph up to 100 mph – High Performance Policy

  • Maximum speed: 55 mph up to 100 mph
  • Not available in Florida
  • Pleasure use
  • Owners/Named insured must be 21.
  • Clean MVRs required
  • Surveys required when vessel is 10 years or older.
  • Racing excluded

Log into www.bigimarkets and choose any of these products from the personal products menu to look at full coverage details or to submit a quote. They are listed under “Marine” in the alphabetical product listing.

Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: amcelhannon@iiag.org or b y phone at 770-458-0093, x.110, or 800-878-6487.


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