Markel American Insurance Company Announces the Introduction of the Markel
Helmsman Yacht Program on the MAGIC System
WAUKESHA, Wis., April 4, 2008 /PRNewswire/ -- Markel American Insurance
Company today announced the release of their enhanced Markel Helmsman Yacht
Insurance program that provides coverage for boats with lengths of 26 feet and
over. This program, designed to meet the unique needs of the yacht owner,
joins their other Specialty Personal Lines, such as motorcycle and various
boat products, providing essential coverage to enthusiasts.
With the feature rich Markel Helmsman Yacht, owners will receive more
benefits than with any other current program at more competitive rates than
ever before. This enhancement of the program is another example of Markel
American's commitment to the yacht market. To build a program that addresses
the unique needs of the yacht owner, Markel American leaned heavily on their
experience and expertise while tapping their relationships with various
industry leaders -- from manufacturers to maritime attorneys to surveyors.
"Our experience insuring yachts positions us to deliver preferred coverage
at a fair price. We believe that as a market leader in yacht insurance we are
well equipped to look out for the best interest of the yacht owner," said
Timberlee Tamraz Grove, President and COO of Markel American Insurance
Company.
A Markel Helmsman Yacht policy provides Agreed Value Total Loss coverage
for the boat with other options available. It also includes the following at
no additional charge:
-- Protect and Recover in addition to and equal to the hull limit
-- Personal Effects coverage
-- Emergency Towing and Assistance
-- Windstorm Extra Expense
-- Protection and Indemnity
-- Wreck Removal (with purchase of Hull Coverage)
-- Medical Payments
-- Uninsured Watercraft
-- Separate Pollution Limit
The program is delivered on Markel's MAGIC processing system -- the most
up-to-date processing system in the industry. This system provides the
opportunity for efficiencies previously unavailable to agents writing yacht
policies.
More information can be found at http://www.markelmarine.com.
A subsidiary of the Markel Corporation, Markel American Insurance Company
specializes in the lines of Powersport Products, Specialty Marine, Preferred
Yacht and Small Boat, and Specialty Property. For more information on our
products, please visit http://www.markelinsuresfun.com
The Richmond, VA-based Markel Corporation markets and underwrites
specialty insurance products and programs to a variety of niche markets. In
each of these markets, the company strives to provide quality products and
excellent customer service. For more information, please visit
http://www.markelcorp.com.
SOURCE Markel American Insurance Company
Kevin Behringer of Markel American Insurance Company, +1-262-548-9880 ext.
3304, kbehringer@markelcorp.com
