Boat & Yacht

MRAA Benefits


Norman-Spencer Marine Insurance Services has been the preferred and endorsed insurance provider of the Marine Retailers Association of the Americas for over 20 years. This relationship has delivered incredible savings and opportunities to MRAA members through business and watercraft insurance programs. These programs are alive and well today, and as an MRAA member, you can bolster your business by taking advantage of them. Take a look for yourself at what each program has to offer:

Dealer Revenue Program

The MRAA Rewards Endorsement, is designed to provide market-leading protection for your buyers, while specifically driving service business back to your dealership.

Program Benefits:

  • Flexible and Specialized Compensation Programs
  • 24/7 Quotes, Binds and Service, Including Weekends and Holidays
  • Detailed Monthly Reports and Payments
  • Nationwide Availability
  • Expert, In-House Claims Services
  • MRAA Endorsed Program Since 1988
  • Boosts Revenues

Coverage Highlights:

  • MRAA Preferred Repair Deductible; reduced by half for repairs made at your dealership
  • Total Loss Replacement protection for newer vessels and you get the first opportunity to provide the replacement.
  • No depreciation on most parts up to 10 years old means reduced negotiation on estimates, and a seamless claims process.
  • Repairs made by your shop are guaranteed as long as they are an AquaPac customer.
Norman-Spencer's program is the only insurance service that we use.  They have unmatched services for dealers, their programs are the best I've seen, and they take care of my customers.  And, at the end of the day, this program provides me with a revenue stream that I have never earned in the past.

- Martin Boyer, Austin Boats and Motors.

Read how Martin leveraged AquaPac in his Best Idea Award for profit center opportunity.

Click here to download details for the Dealer Revenue Program.

Business Insurance Program

Since, 1988, Norman-Spencer Marine Insurance Services has been providing business insurance and risk management services to the members of MRAA. During that time, we have helped members save thousands of dollars on their insurance costs.

Lines of Coverage

  • Dealer Inventory
  • Personal Use
  • Loaner Programs
  • Owned Watercraft
  • Rental Boats
  • Protection & Indemnity (P&I)
  • Piers, Wharves & Docks
  • Marina Operator Legal Liability (MOLL)
  • Property
  • General Liability
  • Inland Marine
  • Commercial Auto
  • Umbrella
  • Workers’ Compensation

Eligible Classes

  • Boat Dealers
  • Marinas
  • Rental Operations
  • Repair
  • Artisans
  • Manufacturers
  • Charter Operations
  • Tugs & Barges

Since 1998, Skipper Bud’s has trusted Norman-Spencer Marine with our insurance needs. Every boat dealer should take the time to discuss their insurance needs with them.

- Michael Pretasky, Owner

Click here to download details for the Business Insurance Program.

IMPORTANT NOTICE FOR ALL PROGRAMS: Available coverage varies from state to state, and is subject to policy terms and conditions. Product features may not be available for all risks or coverage selections. No two insurance policies are the same. Reading your insurance policy is an important part of knowing how you are covered.