Markel American Insurance Company Announces the Introduction of the Markel Helmsman Yacht Program on the MAGIC System

WAUKESHA, Wis., April 4, 2008  /PRNewswire/ -- Markel American Insurance Company today announced the release of their enhanced Markel Helmsman Yacht Insurance program that provides coverage for boats with lengths of 26 feet and over. This program, designed to meet the unique needs of the yacht owner, joins their other Specialty Personal Lines, such as motorcycle and various boat products, providing essential coverage to enthusiasts.

With the feature rich Markel Helmsman Yacht, owners will receive more benefits than with any other current program at more competitive rates than ever before.  This enhancement of the program is another example of Markel American's commitment to the yacht market. To build a program that addresses the unique needs of the yacht owner, Markel American leaned heavily on their experience and expertise while tapping their relationships with various industry leaders -- from manufacturers to maritime attorneys to surveyors.

"Our experience insuring yachts positions us to deliver preferred coverage at a fair price.  We believe that as a market leader in yacht insurance we are well equipped to look out for the best interest of the yacht owner," said Timberlee Tamraz Grove, President and COO of Markel American Insurance Company.

A Markel Helmsman Yacht policy provides Agreed Value Total Loss coverage for the boat with other options available. It also includes the following at no additional charge:

  -- Protect and Recover in addition to and equal to the hull limit
  -- Personal Effects coverage
  -- Emergency Towing and Assistance
  -- Windstorm Extra Expense
  -- Protection and Indemnity
  -- Wreck Removal (with purchase of Hull Coverage)
  -- Medical Payments
  -- Uninsured Watercraft
  -- Separate Pollution Limit




The program is delivered on Markel's MAGIC processing system -- the most up-to-date processing system in the industry. This system provides the opportunity for efficiencies previously unavailable to agents writing yacht policies.

More information can be found at http://www.markelmarine.com/.

A subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, and Specialty Property. For more information on our products, please visit http://www.markelinsuresfun.com/

The Richmond, VA-based Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the company strives to provide quality products and excellent customer service. For more information, please visit http://www.markelcorp.com/. 

DATASOURCE: Markel American Insurance Company



CONTACT:  Kevin Behringer of Markel American Insurance Company,

[phone] ext. 3304, 



Web site:  http://www.markelinsuresfun.com/

http://www.markelmarine.com/

http://www.markelcorp.com/ 

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