5 Industry Insights: 2018 to be strong year for Recreational Marine Insurance | Burns & Wilcox

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5 Industry Insights: 2018 to be strong year for Recreational Marine Insurance

Destruction in Texas and Florida from Hurricanes Harvey and Irma reached $200 billion. with damage estimates to recreational boats topping $655 million as a result. Despite this, boat sales are slated to rise another 5 to 6 percent, adding to the already 12 million recreational boats currently in use in the United States. To shed light on Recreational Marine Insurance for brokers and agents, Insurance Market Source caught up with Bill Gatewood, Corporate Vice President & Director, Personal Insurance…