The new insurance product covers accidental loss or damage, theft, and malicious damage to race boats when they are on land and secured on their trailers. This initiative is particularly beneficial for race boat owners who have faced challenges in obtaining coverage for their vessels outside of active competition.
Antony De Fina, Commodore of the AOPC, highlighted the importance of this development, noting that insurance for race boats during non-competitive periods had been virtually non-existent. He emphasised that the fear of damage during transit or theft while in storage has been a significant concern for owners, and this new offering provides much-needed relief.
Tim Wiles, CEO of Club Marine, expressed enthusiasm about the partnership, stating that it reflects the company's commitment to supporting the sport and strengthening connections with boating enthusiasts across Australia. By addressing the specific needs of the racing community, Club Marine aims to enhance the overall experience for race boat owners.
For those interested in this new insurance offering, it's advisable to contact Club Marine directly or consult with the AOPC for more information. Ensuring that race boats are adequately protected during storage and transit is crucial for owners who invest significant resources into their vessels.
In conclusion, the partnership between Club Marine and the AOPC marks a significant advancement in marine insurance, providing tailored coverage that meets the unique needs of the racing community. This initiative not only offers peace of mind to race boat owners but also demonstrates a proactive approach to addressing industry-specific challenges.
