Introduction to Yacht Insurance (2 days)

 
From Tuesday 06 March 2018 -  10:00am
To Wednesday 07 March 2018 - 05:30pm
     

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Overview:  This course will look at yacht insurance and risk selection that encompasses pleasurecraft of any length. Students will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages and much more. The Risk Selection part of the program includes underwriting concerns, claims review and the use of the pleasurecraft surveyor report. Watercraft liabilities and the legal environment will be discussed in a comprehensive lesson plan.   

Who Should Attend: Insurance company underwriters, claims personnel, surveyors, maritime attorneys, insurance agents and brokers who work with yachts and pleasurecraft of all kinds.

Instructors:
Craig McGinness, Brit Global Specialty USA
Rick Salway, Great American Insurance Group
Mark Smieya, Travelers
John Lowe, Lowe's Marine Survey.
Joseph Grasso, Wiggin and Dana LLP

Continuing Education Credits: NAMS: 13 Credits SAMS: 13 Credits

State Insurance Departments:
13 credits in NY, NJ, TX

COURSE OUTLINE

PART I
YACHT INSURANCE POLICY

  1. Policy Definitions and Terminology

  2. Physical Damage Coverages

  3. Liability and P & I Coverages

  4. Exclusions and General Conditions


PART II
UNDERWRITING CONCERNS

  1. Insured

  2. Watercraft

  3. Navigation / Operation

  4. Claims and Losses


PART III
CLAIMS ADMINISTRATION

  1. Knowledge & Experience

  2. The Process

  3. Procedures

  4. Problems


PART IV
SURVEY INFORMATION

  1. Types of Marine Surveys and Surveyors

  2. What to request and expect from a survey

  3. Reporting Criteria

  4. Myths and Facts about Marine Surveyors


PART V
LEGAL ENVIRONMENT

  1. Federal Jurisdiction

  2. State Regulations

  3. Case Studies

  4. Future Trends

Program Features: Continental Breakfast Lunch Handouts & Lecture Notes

Special Assistance In Compliance with the  American's with Disabilities Act, AIMU will make all reasonable efforts  to accommodate persons with disabilities at its meetings. Please call  John A. Miklus at (212) 233-0550

Refunds/Cancellations/Substitutions
Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email or in person on the day of the event.


Location 14 Wall Street, 8th floor, New York, NY 10005
Contact Elvira Rodin at erodin@aimu.org
For questions about educational credits, contact our Education/Training Specialist, Eileen Monreale
Office phone: 212-233-0550
Emails: emonreale@aimu.org

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