Novamar, a Marine Insurance Specialist since 1987, Now Offers a Policy for U.S. Flagged Yachts Navigating Cuban Waters

SEATTLE–(BUSINESS WIRE^[1])–U.S. citizens with an approved reason to travel to Cuba can now do so
provided the proper permits have been applied for and issued. Novamar,
which has specialized in marine and yacht insurance since 1987, now
offers a policy for U.S.-flag yachts navigating Cuban waters. Most
vessels $50,000 in value or greater are eligible for coverage. Cuba
endorsement premiums start at only $500.00.

“People are interested in seeing Cuba before it changes,” says Craig
Chamberlain, President of Novamar and a life-long sailor. “We’re
delighted to make it possible for people to fulfill this lifelong dream
with less risk.”

The limit on the stay is 14 days. But if the boat breaks down in Cuba
and can’t return to the U.S. under its own power, and needs additional
time for repairs, Novamar can extend the coverage.

Novamar’s insurance program is placed with a U.S. insurance company.
This means that insureds enjoy state insurance department protections
regarding company financial security and claims handling. This provides
greater confidence for U.S. citizens versus insuring with an overseas
insurance carrier.

“Restrictions and regulations regarding yachts owned by U.S. citizens
travelling to Cuba are changing quickly,” Chamberlain says. These links
provide information to assist boaters in obtaining their permit:

https://www.treasury.gov/resource-center/sanctions/Programs/pages/cuba.aspx^[2]

http://www.uscg.mil/hq/cg5/cg531/CubaTravel.asp^[3]

http://www.cubaseas.com/yacht-facilities-cruising-info/^[4]

Coverage can be added by endorsement to existing Novamar policies. For
more on Novamar’s Cuba coverage, click on https://www.novamarinsurance.com/insurance-services/cuba-coverage^[5].

About Novamar: Novamar Insurance Group was founded in1987. Key
Novamar staff members provide over 120 years of combined marine
insurance experience to draw upon. Novamar insures boats on U.S. inland
and coastal waters, the Caribbean, offshore waters of the North and
South Atlantic, North and South Pacific, and the Mediterranean.