Safety at sea. Safety on shore.

Americans continue to enjoy boating as a safe, healthy way to relieve stress and enjoy quality time outdoors.  An estimated 100 million Americans enjoy boating and the economic contributions from boating and fishing were up nearly 30 percent in 2020, compared to 2019.

Here are some additional eye-popping statistics from last year:

• Annual U.S. sales of boats, marine products and services totaled $49.3 billion in 2020, up 14 percent from 2019.
• It’s not just new boats being sold; an estimated 1.1 million pre-owned boats were sold in 2021.
• U.S. new powerboat retail unit sales are expected to surpass 300,000 units for the second consecutive year

What’s more, manufacturing productivity is revving back up to meet demand for new boats and building production is nearing pre-pandemic levels as supply chain constraints ease. This year new boat sales are projected to surpass 2021 totals by as much as 3 percent, making 2022 is the perfect opportunity for you to grow your business with Chubb Recreational Marine.

Source: https://www.nmma.org/press/article/23889

• Coverage is provided for sinking, collision, fire, demasting, explosion, or stranding that results from commonly excluded causes of loss such as wear and tear, gradual deterioration, and lack of maintenance.
• No exclusion for mechanical or electrical breakdown, as well as latent, design, and manufacturing defects.

• We look to prevent damage from happening in the first place – so if you need to move your vessel to safety because of an impending hurricane or tropical storm, there’s coverage for those costs.
• We provide yacht owners with complimentary background screenings, travel briefings, and discounted rates on security services and consultations for local laws and customs.

• 95% of Chubb Claims clients with a paid claim are highly satisfied with their claims experience.*
• We’ve trained our adjusters responding to a claim to consult you within 24 hours, and if approved, to issue payment within 48 hours. Our claim adjusters have the authority to pay claims, but can’t deny a claim without a manager’s approval.

*Scores are for paid claims for personal lines and commercial lines combined;  surveys conducted by Chubb averaged over a 5-year period (2017-2021).

Offer your clients exceptional watercraft insurance with tailored coverage, competitive rates, and valuable features to protect both boat owners and their vessels. Our Do-It-Yourself Cross-Sell kit provides pre-made tools to drive additional revenue — using your email right from your agency system — including:

• Step-by-step instructions for selling Chubb Recreational Marine products to current clients
• Email templates and easy tips for personalizing them
• Links to Chubb content you can use to get your clients interested
• Script suggestions for telephone conversations

With over 300,000 new boats on the water this year, now is a great time to grow your Recreational Marine business – with help from Chubb. 

If you prefer sharing a simple email attachment with clients and prospects, check out our new Recreational Marine Digital Postcard. This document can be co-branded with your agency’s logo and highlights the best our Recreational Marine coverages and services have to offer.