MRAA announces AquaPac Boat/Yacht insurance available nationwide
Friday, March 09, 2012
Posted by: Matt Gruhn
BOCA GRANDE, Fla. – The Marine
Retailers Association of the Americas announced today that the MRAA Rewards
Insurance Program, available through Norman-Spencer Marine Insurance Services
and only to MRAA members, was rolled out nationwide on March 1.
The MRAA Rewards coverage, which
is part of Norman-Spencer’s AquaPac program, offers consumers broad, affordable
insurance coverage that accommodates the full spectrum of boats, from pesonal
watercraft to large sail and power yachts. Each AquaPac policy is written to
meet the individual boater’s needs and exceeds programs available from most
standard and specialty marine insurance providers.
"We’ve been working with
Norman-Spencer and the AquaPac team to design and implement this product, and
we’re excited to see it coming to market nationwide,” says Matt Gruhn,
President of MRAA. "Not only will this program create greater opportunities for
consumers who cover their boats with the AquaPac product, but it also offers
MRAA members a fabulous opportunity to expand their offerings and drive
additional business to their dealerships.”
As the endorsed consumer insurance product of the MRAA, AquaPac offers
consumers preferred repair deductibles — reduced by half when repairs are made
at a current MRAA member facility. The program’s total loss replacement
protection gives the MRAA member the first opportunity to provide the
replacement; there is no depreciation on most parts up to 10 years old, which
makes the estimates and claims process seamless; and repairs made by an MRAA
member shop are guaranteed, with no deductible, for as long as the customer
owns the boat and carries the AquaPac policy.
"We’re building on the tremendous
success AquaPac has had over the last 30 years in the West coast market,” says
Paul Sexton, National Boat/Yacht Director for Norman-Spencer’s Marine Insurance
Services division. "This innovative program, paired with very high service
standards has always been highly regarded by boaters, dealers, marine industry
groups and the general insurance industry. We’re excited to roll this out
coast-to-coast and to also provide vast product, policy and pricing upgrades in
To find out more about the AquaPac
program, please visit www.mraa.com/?page=MRAA_BoatInsurance
or contact Mike Garner at Norman-Spencer at 800-252-9597, exts. 1345.
About Marine Retailers Association of the Americas
Celebrating its 40th
anniversary in 2012, the Marine Retailers Association of the Americas is the
only North American association dedicated to furthering the interests of boat
and engine dealers and other marine-related retailers throughout North America.
Under the umbrella of MRAA Rewards, the MRAA offers a host of cost-saving,
revenue-generating, business-improvement, and professional-development benefits
exclusively for its members. For more information, visit www.MRAA.com.