Novamar Insurance Launches Yacht Coverage for U.S. Boaters Heading to Cuba

Novamar Insurance Launches Yacht Coverage for U.S. Boaters Heading to Cuba
July 20, 2016

Novamar, a specialist in the marine and yacht insurance segment, now
offers a policy for U.S.-flag yachts navigating Cuban waters. Most
vessels $50,000 in value or greater are eligible for coverage. Cuba
endorsement premiums start at only $500.00.

The limit on stays is 14 days. But if the boat breaks down in Cuba and
can't return to the U.S. under its own power, and needs additional time
for repairs, Novamar can extend the coverage.

Novamar's insurance program is placed with a U.S. insurance company so
insureds are covered by state insurance department protections regarding
company financial security and claims handling.

According to Craig Chamberlain, president of Novamar, restrictions and
regulations regarding yachts owned by U.S. Citizens travelling to Cuba
are changing quickly. The company also offers links to online resources
to assist boaters in obtaining their permit.

Coverage can be added by endorsement to existing Novamar policies.

Novamar insures boats on U.S. inland and coastal waters, the Caribbean,
offshore waters of the North and South Atlantic, North and South
Pacific, and the Mediterranean.

Source: Novamar Insurance Launches Yacht Coverage for U.S. Boaters
Heading to Cuba -
http://www.insurancejournal.com/news/national/2016/07/20/420496.htm