Great Loop Radio: 2023 Marine Insurance Market Update

This week we wrap up our 2024 update series by talking about marine insurance. Jon Horton with Jack Martin and Associates joins us to discuss what to expect when seeking insurance for your Great Loop boat in the coming year.

Join us as Cindy Lewis of Sterling Associates shares her insight on what to expect if you're considering financing a boat in 2024. Are interest rates really that high? What kinds of terms can I expect? What are some of the limitations on the age of the boat if I hope to finance? Cindy answers these questions and more as she shares why financing may be advantageous in the coming year.

Cindy Lewis of Sterling Associates brings us up to date on the details of financing your Great Loop boat in 2023. Our discussion includes information on how the Federal Reserve's interest rate hikes are affecting boat loans, what requirements the banks have, and what you can expect for loan terms.

On this week's episode of the Great Loop Radio podcast, Ken Marks of Marks Marine Insurance is our guest. Ken will update us on the status of the Marine Insurance marketplace in 2022 and what insurers are requiring of boaters in terms of boat size and previous boating experience.