Welcome to Stuckey & Co.
Welcome to Stuckey - Can We Help?
service-herobanner.jpg

BLOG

Stuckey & Company Blog
ASK US A QUESTION

HarborGuard Expands Eligibility to Include New Territories

By: Elizabeth Sedlock | Posten on: Jun 13, 2012 8:47:00 AM

HarborGuard Insurance Program Also Offering Lower Property Rates Nationally

Lake Saint Louis, Mo. – June 13 – Stuckey & Company is pleased to announce new expanded eligibility rules for HarborGuard, Stuckey & Company's marina, boat dealer and marine artisan insurance program.

The expanded coverage includes property in first tier coastal counties, excluding wind, (including in Florida).  In addition, a HarborGuard policy can include wind coverage if the risk is located more than 50 miles from the gulf/coast (except in Florida).  Last but not least, the HarborGuard program is also offering lower property rates across the United States.

“HarborGuard was the first program Stuckey & Company offered and holds a special place in our hearts,” said Dwight Stuckey, CEO of Stuckey & Company.  “That is why we are particularly excited to expand the program to include a larger area and help more marinas and boat dealers find quality insurance coverage.”

HarborGuard offers comprehensive insurance coverage tailored to the unique risks of the marine industry.  The program is available to qualifying risks in 47 states (excluding Alaska, Hawaii and New Hampshire). Stuckey offers 24-hour turn-around for eligible risks.

Liability can be given up to $1 million per occurrence / $2 million aggregate, for general liability, marina operators legal liability (MOLL), watercraft liability for rental boats and work boats, non-owned auto liability and liquor liability. Minimum annual premiums for $1 million / $2 million limits are $2,500.

Property coverage is written on a special coverage form and the valuation of the property can be replacement cost or actual cash value. A $5 million TIV property capacity is available for onshore, floating, vessels, miscellaneous equipment and boat dealers’ inventory. Deductibles start as low as $1,000.

For agents interested in writing HarborGuard policies, submission requirements include a completed HarborGuard application, expiring premium (if possible), pictures of any docks, and three years of loss runs for the business. If agents have not worked with Stuckey & Company in the past, they will also need to complete a brief application to become an appointed agent

Contact Jerry Lovin at 800-828-3452 x27 (jerry@stuckey.com) for all the details.

About Stuckey & Company

Stuckey & Company is a specialty insurance provider based in Lake St. Louis, Missouri. For 20 years, Stuckey has offered commercial, professional and personal lines of insurance. Stuckey & Company’s network of more than 8,000 licensed agents has the knowledge and experience in dealing with specific coverage. As one of the fastest-growing specialty insurance providers in the U.S., Stuckey & Company offers E&O coverage to over 300 classes in sectors that include technology and IT consulting, accounting and financial services, government services, media, laboratories and education. The company also offers a variety of standard policies. For information on any of the insurance programs from Stuckey & Company, call 1-800-828-3452 and ask for Dwight Stuckey.

 

Topics: marina insurance, harborguard, harborguard, marine insurance

Marina Insurance Market Hardening According to Early Indicators

By: Elizabeth Sedlock | Posten on: Feb 24, 2012 10:20:00 AM

According to early indicators, the marina and boat dealer insurance market is hardening because of 2011’s increased losses.  For that reason, you need to get marina and boatyard insurance submissions in as soon as possible to receive the best quotes possible and get access to the HarborGuard marina insurance program.

Due to the large losses carriers sustained during 2011’s storm season, carriers are increasing rates and deductibles across the entire class of business.  In addition, many well-known carriers have vanished from the marketplace altogether and those that remain have a decreased appetite, especially in weather-prone regions.

“To get the most competitive quote, agents need to submit a HarborGuard application immediately,” said Kerry Stuckey, COO of Stuckey & Company.  “The hardening of the market is gathering steam so time is of the essence if you want to ensure access to the HarborGuard program for your clients."

Silver Bay MarinaHarborGuard offers comprehensive insurance coverage tailored to the unique risks of the marine industry.  The program is available to qualifying inland risks in 46 states (excluding Alaska, Hawaii, New Hampshire and Florida). We have in-house (same-day) quoting authority for many risks, and offers 24-hour turn-around for others.

Liability can be given up to $1 million per occurrence / $2 million aggregate, for general liability, marina operators legal liability (MOLL), watercraft liability for rental boats and work boats, non-owned auto liability and liquor liability. Minimum annual premiums for $1 million / $2 million limits are $2,500.

Property coverage is written on a special coverage form and the valuation of the property can be replacement cost or actual cash value. A $5 million TIV property capacity is available for onshore, floating, vessels, miscellaneous equipment and boat dealers’ inventory. Deductibles start as low as $1,000.

If you are interested in writing HarborGuard policies, submission requirements include a completed HarborGuard application, expiring premium (if possible), pictures of any docks, and three years of loss runs for the business. If you have not worked with us in the past, you will also need to request and complete a brief application to become an appointed agent.

Contact Kerry Stuckey at 800-828-3452 x14 (kerry@stuckey.com) for all the details.

Topics: marina insurance, harborguard, harborguard, boatyard insurance, marine insurance, boat insurance

Mid-West Marina Insurance – 4 Things to Consider

By: dwight stuckey | Posten on: Jan 6, 2012 1:42:00 PM

untitled resized 600

Right now, marina and boatyards in the Mid-West (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin) might be having trouble finding insurance coverage that meets all their needs.  With the huge surge in tornado claims in 2011, many carriers have either stopped offering coverage in the Mid-West or raised the deductibles to upwards of $100,000.  So, where does that leave your customers?  One thing to make sure you do when quoting this type of insurance for your customers is to shop around.  Here are few things to consider:

- Deductibles: Look at the deductibles to ensure that you are getting the most coverage for your customer’s money.

- Covered Docks/Property: Confirm that covered docks are adequately insured, including collapse from snow/ice and wind/hail.

- Specialty Insurance: Underwriters: Since rates are going up at all the major carriers, check with some of the specialty underwriters for better coverage options.

- Co-Insurance: Beware! Some carriers only offer ACV.

If you concentrate on these four things, you can grow your marina business and get better deals for your customers.

Topics: tornadoes, tornado, weather, Stuckey & Company, Blog, marina insurance, specialty insurance, hurricane season and insurance, Stuckey, Stuckey & Co., boatyard insurance, marine insurance, boat insurance, mga insurance

LEAVE A COMMENT

Latest Posts

Stuckey & Co