Terms

Billing: Policies provided by Marine Underwriters / Able Yacht Insurance may be direct or agency billed depending on the company. If the policy is direct billed, the client will receive the invoice direct from the company. However, we are required with some direct bill companies to get 25% of the premium with the application; subsequent billings will be direct to the client

Other policies are agency billed and will be billed to you from Marine Underwriters / Able Yacht Insurance. It is important that we receive the full payment within 30 days of binding coverage. Payment plans are available by request. Once coverage is bound there are no flat cancellations.

Missing Information: It is very important that you supply us with any requested information to ensure that you are covered properly. Even if the information seems insignificant to you it may make a difference in an underwriting or claim situation. After we have requested the information, we will follow up once and then appropriate action will be taken. This may mean a cancellation of the insurance

Quote Accuracy: We have made every effort to make sure our quotes are accurate. However, as the information is reviewed prior to binding coverage, there could be circumstances that dictate a premium or coverage change. Please help us to minimize this by giving complete and accurate information. We have included a general email address to give you the opportunity to supply us with any additional pertinent information or questions. You may email info@muins.com (or info@ableyachtins.com depending on the site) or call 800.782.0402 (for Able 888.607.9572)

Credit-Based Insurance Scoring: In connection with this insurance and to offer you an accurate quote, the insurance company may obtain or use a credit-based insurance score as part of the insurance underwriting process. Actuarial studies indicate that an insurance score is a good predictor of future claims, thus enabling the insurer to base their premiums on the actual risk. The information used to develop the insurance score comes from Equifax, Experian or TransUnion. A credit-based insurance score will not impact your credit rating or credit score.