FOR IMMEDIATE RELEASE
New York Press Office: (212) 346-5500; firstname.lastname@example.org
NEW YORK, January 22, 2019 — Reporters covering the New York Boat Show (January 23-27) and seeking insights on how to insure recreational watercraft can contact the Insurance Information Institute (I.I.I.).
Boat insurance policies provide coverage to repair a policyholder’s boat if the vessel is accidentally damaged or destroyed due to a collision, striking a submerged object, fire, theft, vandalism, windstorm, or lightning.
Other boat insurance coverages include:
Hurricanes Harvey and Irma either damaged or destroyed more than 63,000 recreational boats in 2017, causing at least $650 million in losses, according to Boat Owners Association of The United States (BoatUS), the nation’s largest advocacy, services, and safety group for recreational boaters.
Boat insurers price their policies based largely on the boat owner’s experience and background, and the boat’s make, model, age, market value and cruising area.
The New York Boat Show is being held this week at the Jacob K. Javits Convention Center, 655 West 34th Street, New York, NY 10001.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org