Nautilus Marine launches Yamaha Marine Insurance in NZ market

by Bob Carter on 4 Nov 2010
Nautilus Marine enters the New Zealand boat insurance market to administer Yamaha Marine Insurance. Following hot on the heels of the overwhelming acceptance and success of the YMI product in Australia, Nautilus Marine has been appointed to administer YMI for Yamaha Motor Finance New Zealand Limited.

'Our expansion into the New Zealand market with YMI is extremely exciting and we are committed to achieving the same success that the product enjoys in the Australian market,' said National Marketing Manager, Mark Crockford.

'The model that underscores the extraordinary growth and traction of YMI in Australia is entirely relevant to the New Zealand market. After an exhaustive review of the NZ boat insurance market, we are confident of delivering a boat insurance product that will 'raise the bar' when it comes to cover and price. I am absolutely confident that boaters in NZ will embrace YMI insurance.'

YMI will be managed in New Zealand through Brian Gilmour, who has worked in the insurance industry for a number of years. Brian will be responsible for the roll out of YMI to the Yamaha dealers and the ongoing management of the product.

'Yamaha is the market leader in the outboard business in NZ,' said Brian Gilmour.

'We’re delighted to take the YMI product to NZ and offer a complete and superior boat insurance product to Yamaha customers through Yamaha dealers.'

The YMI policy covers all new, used or re-powered boats that are sold by a Yamaha outboard or WaveRunner dealer. The cover also includes Yamaha WaveRunner and other brands of PWCs.

When consumers come to compare insurance products, they will quickly find that the YMI policy has some unique benefits. One of the key features is the three year full replacement of a Yamaha powered boat or WaveRunner - an attractive outcome for anyone who suffers a total loss or theft in the first three years of ownership.

The arrival of YMI in the New Zealand market rounds out the one-stop-shop approach to the market. At the one Yamaha dealership, customers can purchase a Yamaha powered boat or Yamaha WaveRunner, finance the package with Yamaha Motor Finance and insure their new boat with Yamaha Marine Insurance.

'We are absolutely delighted to move into the New Zealand market with our business partner, Yamaha,' Mark Crockford concluded. 'We are confident that we have a superior product, streamlined systems and a proven track record. That’s a great platform to launch YMI in New Zealand.'

With over 125 years of marine insurance expertise between the senior Nautilus Marine executives, Nautilus Marine is absolutely committed to the continual providing of high level customer service, backed by local knowledge nationwide, and worldwide.