Marine insurer INAMAR says it is waiving a provision of its boat owner policies to extend coverage to those who acted early to protect their boats from the four Florida hurricanes.
The hurricane haulout endorsement in the company’s recreational marine policies covers those who haul or move their boats within 24 hours of a hurricane watch or warning. INAMAR says it is waiving that timing requirement, so those who “acted to protect their vessels prior to 24 hours before a hurricane watch/warning was issued will be compensated.”
INAMAR says it will pay 50 percent of the “reasonable expenses” incurred to have a boat hauled and subsequently launched in the same general area after the watch or warning has expired. It will reimburse on the same basis those who hired “a qualified individual, someone other than the insured,” to navigate the vessel to a safe harbor. The company will pay up to $500 for any one hurricane and up to $1,000 for any one policy period.
“We want to recognize the efforts of our clients who sought to protect their vessels from the unprecedented storm activity Florida has suffered,” said Judith Kraft, vice president of underwriting, in a statement.