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 the process.”
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.
