It’ll Never Happen to Me: Marine Insurance 101 with Peter Ricks
Anzuelo is hauled out for its yearly maintenance period, so we’re recording from the boatyard—because boat ownership always comes with a to-do list. This week, we tackle one of the least glamorous (and most important) topics: marine insurance.
Peter Ricks, Northwest Regional Manager at Novamar Insurance Group, joins us for a practical Marine Insurance 101 built around real-world claims that went sideways fast. We cover the “read your policy” essentials, the differences between agreed value vs. actual cash value, what named perils and named operator clauses can mean, and how permissive use works when a friend borrows your tender.
We also get into common gray areas boaters miss—tow-behind coverage, when a tender should have its own policy, medical payments vs. liability, liveaboard enhancements, pollution & wreck removal, and what changes when you boat in the hurricane zone. If you’ve ever assumed “I’m probably covered,” this episode is for you.
Thank you to our guest Peter Ricks, Northwest Regional Manager for Novamar Insurance Group
Peter Ricks
https://www.novamarinsurance.com