Fireman's Fund(R) Offers New Yacht Policy as Part of Its Prestige Personal Portfolio.NOVATO, Calif. -- Fireman's Fund Insurance Company Fireman's Fund Insurance Company is a Novato, California-based insurance company owned by Allianz SE of Germany. It was founded June 18 1863 and issued its first policy to Walter Hawxhurst covering one half interest in 1,000 kegs of Boston syrup for a premium of $12. , a preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae insurer of high-net-worth individuals and families in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , has launched a new high-end policy for personal yachts. The new policy extends Fireman's Fund's marine underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. expertise to its personal line of Prestige policies. Prestige Yacht(SM) covers yachts, along with captain and crew, typically valued over $1 million. "Fireman's Fund's Prestige Yacht policy further enhances our total Prestige(R) Portfolio, which is specifically designed for affluent individuals who are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. customized personal insurance plans," said Bob Courtemanche, president, Fireman's Fund Personal Insurance. Just launched, this policy is immediately available in every state. Fireman's Fund offers some of the broadest coverage in the industry and the company has been underwriting marine insurance since its inception. Therefore, all claims under this policy will be handled by a select group of expert marine adjusters. The breadth of this product will make it easier for agents, brokers and yacht owners to do business with Fireman's Fund. "With Prestige Yacht, agents no longer have to refer yacht coverage to specialty markets. Now, yachts can be included as part of a policyholder's complete personal insurance portfolio," explained Courtemanche. "In fact, this policy works hand-in-hand with several others in our portfolio, including Prestige Destinations(SM), our annual travel policy that provides the policyholder and all household family members with complete worldwide travel coverage and a state of the art concierge service." Yacht Policy highlights include: --Navigation Limits -- Extended territorial coverage available beyond the United States, Mexico and Canadian waters --Paid Crew Liability -- Liability coverage for captain and crew --Charter Coverage -- Protection and indemnity coverages apply for policyholders that choose to charter their yacht --Loss Payment -- Deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). is waived for total loss (non-hurricane related) --Temporary Substitute Coverage -- Available when vessel is out of service due to breakdown or repair (loaner yacht will be a similar vessel) --Personal Effects Coverage -- Captain and guest property, including works of fine art About Fireman's Fund Insurance Company Fireman's Fund Insurance Company is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman's Fund is a member of the Allianz Group (NYSE NYSE See: New York Stock Exchange :AZ), one of the world's largest providers of property and casualty insurance and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . For additional information, visit www.firemansfund.com. |
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