This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ACE Recreational Marine Introduces Savings Opportunity For Owners Who Ensure Boat Safety During Severe Storms

Stocks in this article: ACE

With the devastation of Superstorm Sandy still fresh in the minds of boat owners, many on the Atlantic and Gulf Coasts have sought affordable ways to protect their vessels in the event of another severe storm. ACE Recreational Marine, one of the nation’s largest recreational marine insurance providers, and part of ACE Group, today announced the introduction of a unique optional endorsement that waives coverage for storm surge damage for those boat owners who are willing to move their vessels out of harm’s way, and rewards them with a potentially substantial reduction in their insurance premium.

“Owners who keep their boats on coastal waters from Maine through Texas will save the most with this new option,” said Damon R. Hostetter, Senior Vice President, ACE Recreational Marine. “We foresee our optional Storm Surge Exclusion endorsement appealing to boat owners who are passionate about their boats, and willing to move their vessels beyond the reach of a storm surge, waves or high tidal waters caused by a severe storm. In return, they can enjoy an opportunity to save what could be a considerable amount of premium dollars.”

Conscientious boat owners have a number of methods for preventing damage from storm surges. When size allows, they can keep their boat on a trailer and drive it to a safe location. They can also store a smaller boat in “high-and-dry” storage, or make arrangements for their watercraft to be hauled ashore at a facility with sufficient elevation to be beyond the reach of a storm surge. Owners of larger vessels may have a captain and crew to navigate their yachts out of an approaching storm’s path. By addressing the risk of damage from storm surges in advance, these boat owners can feel more comfortable excluding the coverage in their policy, thus reducing their premiums. This distinctive insurance option is yet another example of ACE continuing to lead the way in offering highly tailored protection to families and individuals who own boats, homes, and other tangible assets.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs