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2023 Hurricane Season

As we approach the 2023 hurricane season, a few carriers are emerging back into the market, albeit with stricter guidelines and appetite. Here are some pointers to help you prepare:

  1. Have a solid hurricane/named windstorm plan approved by your insurance carrier. Most carriers are requiring haul-outs, moving the vessel out of the storm's path, or keeping your vessel inside a hurricane-rated building for coverage to be in place. Ensure that you have a written plan approved by your carrier that meets their specific requirements.

  2. Have a Plan B. In case Plan A is not available, most hurricane plans required by carriers have two major questions: What is your Hurricane Plan A? What is your Hurricane Plan B? If the carrier approves your plan, make sure to follow and execute those plans in the event of a named windstorm or hurricane. Coverage could be void if the named windstorm plan submitted is not followed.

  3. Ensure that all operators are approved by the carrier prior to operation. Most insurance policies are named operator policies, meaning that the carrier needs to pre-approve anyone before operating the vessel. In the event of a pending hurricane, you might need a colleague or professional captain to help execute your hurricane plan, but make sure they are approved by the carrier to operate and help execute the hurricane plan.

If you have any questions about a new policy or your current policy, please feel free to reach out to Stacks Marine Insurance at 752-212-4459 and contact one of our agents today!

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