Agents who use Quote.WestMaritime.com must agree and comply with the following terms and conditions prior to use: Registration Information: Agents must accurately complete the Registration Questionnaire as a broker of Western Maritime Insurance Services Inc. A current copy of your insurance licenses, E&O declarations pages, W-9's and signed Broker Agreement form will be required PRIOR TO BINDING ANY COVERAGE.
Western Maritime Insurance Services Inc. reserves the right to decline any agent and/or agency that does not meet our referral source criteria. Access to Quote.WestMaritime.com may be discontinued immediately, with or without cause and notice. Login Information: After you have completed the Registration Page you will be able to access Quote.WestMaritime.com with the User Name and Password that you selected. If you have forgotten your password or want to change it, you may click on forgot your password? or change your password. * Forgot your password? and change your password will be available soon. Billing: Policies provided by Quote.WestMaritime.com are agency billed. We have listed company billing information under the Important Company Information with each quote. The policies are agency billed and will be billed to you. It is important that you receive prompt payment from your client, as you are responsible for the full payment within 30 days of binding coverage. We do offer a payment plan available through Pacific Premium Finance. Options are reflected on the policy invoice. Once coverage is bound there are no flat cancellations.
Commissions: Commissions are paid to you only as they are received by Western Maritime Insurance Services Inc. Our accounting department is very experienced in handling broker commissions, and will process commissions as quickly as possible. If you have any commission questions please send them to jlindsay@aquapac.com. A copy of your Insurance licenses, E&O declarations pages, W-9's and signed Broker Agreement form are required PRIOR TO BINDING ANY COVERAGE.
Correspondence: Except for Direct Notice of Cancellation, all correspondence regarding your client will be sent to you as the servicing agent. We expect you to communicate any correspondence from us with your client. This is very important. Due to legal reasons, Direct Notice of Cancellations must be sent directly to the client. A copy will also be sent to you for your file and for follow up with the client.
Missing Information: It is very important that you supply us with any requested information to ensure that your client is covered properly. Even if the information seems insignificant to you or the client it may make a difference in a claim situation. After we have requested the information, we will follow up once and then appropriate action will be taken. This may mean placing the boat on Port Risk with No Navigation Allowed or Canceling the policy. Quote Accuracy: We have made every effort to make sure our quotes are accurate. However, as the information is reviewed prior to binding coverage, there could be circumstances that dictate a premium or coverage change. As you know, sometimes one question can lead to another which changes the risk characteristics enough to affect the quote. Please help us to minimize this by giving complete and accurate information. We have included a Notes* section to give you the opportunity to supply us with any additional pertinent information or questions.
Caveats
Utmost Faith: According to law, you must provide us with truthful and complete information for us to quote the policy. This concept is known as Utmost Faith, which means the company is basing their quote and coverage on your faithful representation. If you are not completely truthful and there is a claim, any claim, insurance companies can void the policy completely and have every right to; if it is proven you were not forthright. For your own protection, please provide us with good, accurate and complete information.
Warranties and Endorsements: All policies contain Warranties and Endorsements that limit or restrict coverage. Furthermore, with every policy there are exclusions and limitations. It is very important that you and your client understand these restrictions. Quote.WestMaritime.com supplies you with the wording for company specific endorsements. Please take time to review these with your client. We want your client to be an informed buyer, who is aware of the endorsements, exclusions, limitations and warranties.
Age Restrictions: Western Maritime Insurance Services Inc. is unable to write any policies for people under the age of 21 and ask that you do not submit any requests for them. Youthful operators may be allowed on some policies, if they have passed the Boating Safety Course and/or have a valid driver's license. You must notify us if there are any youthful operators. Permissible Use: It is permissible to use the printed documents available in Quote.WestMaritime.com to quote, sell and service your clients. However, it is not permissible to use the system to shop markets if you do not intend to place the business with Western Maritime Insurance Services Inc. If your agency's sales ratio does not meet our standards, then your access to Quote.WestMaritime.com will be discontinued.
Direct or Implied Warranties
Captain or Crew: The promise to employ a certain number of crew as specified in the policy and to inform the company prior to any changes. The insured must also notify the company prior to a change in Captains and provide the Captain's License and resume to the company.
Exclusions: Policy exclusions are specific perils that are not covered by the policy. Typical exclusions, but not all inclusive are: Wear and Tear, Gradual Deterioration, Intentional Acts, Marine Life, Vermin, Insects, Marring and Denting, Osmosis, Blistering, Manufactures Defects, Mold, Ice and Freezing, etc. Please read the policy carefully for all exclusions. Lay Up: Requires that the boat will be laid up and out of commission during a specified period of time. If the vessel is used during that period then coverage is voided. Many companies apply a premium credit for the lay up period. Navigation: Specific territory, in which the boat will be operated in, is the stated area of Navigation. For instance, one Navigation territory is the Great Lakes and Tributaries, if the vessel is taken outside of this area, there would be no coverage.
Private Pleasure Use: The vessel will not be used for any purpose other than private pleasure use. If the vessel is used for Chartering, Business or Commercial Use, etc., there would be no coverage.
Restrictive Endorsements: A restrictive endorsement usually contains special wording which covers a specific situation and limits the policy coverage. For example, some companies will restrict the navigation area during hurricane season to prevent a vessel from being in a hurricane area.
Seaworthy: The inherent warranty that the boat will not be used in a known unsafe (un-seaworthy) condition. If it is, coverage can be voided.
Special Deductibles: Companies often mandate a Named Storm Deductible which is much higher than the standard deductible if a boat is navigated in a coastal area. The Named Storm Deductible applies if the vessel is damaged by a named storm. Warranties: A warranty is a promise by the insured person that he/she will or will not do certain things and if those promises are not kept then coverage is excluded.
