ACE Recreational Marine Insurance today announced a strategic alliance
with Heritage Marine Insurance, of Mystic, Conn., to provide marine
insurance coverage for classic boats throughout the United States. ACE
Recreational Marine Insurance is now the exclusive provider of Classic
CoverageSM, Heritage Marine’s long-standing and successful
program for classic and vintage boats.
Classic boats require extensive insurance expertise due to their unique
construction, materials, usage and difficulty to replace. The Heritage
Marine Classic Coverage ProgramSM provides a complete
insurance package designed solely to fulfill the specific needs of all
types of classic boats and their owners. Along with comprehensive
coverages, those insured in the Classic Coverage Program receive custom
advantages including: competitive rates, easy payment schedules and
dedicated service by a knowledgeable and experienced staff, many of whom
are classic boat owners themselves.
Damon Hostetter, Senior Vice President of ACE Recreational Marine
Insurance, commented on the undertaking: “We’re pleased to join forces
with Heritage Marine’s highly specialized and experienced agency to
offer classic boat owners a high level of insurance protection and
customized service, all backed by the impressive stability and financial
strength of the ACE Group.”
The Classic Coverage Program is available for all qualifying wooden
boats, as well as certain classic boats of aluminum, steel and
fiberglass construction. The Heritage Marine Classic Coverage Program
was designed by experienced boat owners and marine insurance
professionals, and this expertise is reflected in the comprehensive
coverage and niche benefits that together provide a full scope of
classic boat insurance protection.
“Our dedicated and knowledgeable marine specialists are recognized as
experts in the classic boat market, and it is exciting to be working
with ACE Recreational Marine Insurance, the leading marine insurance
provider, in offering our Classic Coverage Program,” said Jim Cassidy,
an owner of Heritage Marine Insurance.
Located in Mystic, Conn., Heritage Marine Insurance was founded by
classic boat owners for classic boat owners and has been
specializing in classic boat insurance for nearly 20 years. Since its
inception, the founders have adhered to a strict code of principles
specifically intended to serve the interests and meet the needs of
classic boat owners. These include offering the highest level of
expertise in regard to construction methods and technologies as well as
valuation and use of classic boats.