ACE Introduces New Online Tool that Allows Agents to Generate Bindable Boat Insurance Quotes in Less than Four Minutes

Photo: courtesy of William Taufic 2010.©

PHILADELPHIA- ACE Group today announced the launch of a new online tool, ACE EZQuote, that allows independent agents and brokers to generate an exact and bindable quote for boats in less than four minutes. Available through its ACE Recreational Marine Insurance^® business, ACE EZQuote works for almost all types of boats less than 27 feet in length.
 
“Agent reaction during the development and pilot phase of the tool has been fantastic,” said Damon Hostetter, Senior Vice President of ACE Recreational Marine Insurance. “Even agents with limited boat insurance experience are finding the tool incredibly easy to use.

ACE EZQuote presents a great opportunity for general personal lines agents to capture additional boat business. For boat insurance specialist agents, the ease and speed of ACE EZQuote translates into more productivity for their staff and faster service for their clients. Coupled with the excellent coverage we offer, ACE EZQuote will give agents a strong competitive advantage as we head into the peak of the boating season.”

Key features of ACE’s new quoting tool for boats less than 27 feet in length include:

• Most quotes can be completed in less than four minutes.
• The quotes are exact and do not require additional information before binding.
• If necessary, quotes in process can be saved and completed at a later time.
• “Smart data fields” appear or disappear to maximize efficiency. For example, fields for Trailer coverage will only appear on the Policy Issuance screen if a Trailer was indicated on the Vessel/Coverage screen.
• Premium for different limits and deductibles can be compared side by side.
• With just a few additional clicks, a quote letter, binder or application can be emailed to the client.
• Without leaving the screen, policy issuance can be ordered.

To use ACE EZQuote, agents need to be appointed with ACE Recreational Marine Insurance and have signed up for secure online access to our online policy management system, ORCA^®.

About ACE Recreational Marine Insurance
 
ACE Recreational Marine Insurance, part of ACE Private Risk Services, has been serving marine clients for more than 200 years, since 1792 when its predecessor company wrote its first marine insurance policy in the United States. ACE offers exceptional all-risk insurance coverage to protect the entire spectrum of pleasure yachts and boats, including classic boats, luxury mega-yachts and sailboats, sport fishing boats, ski boats, personal watercraft and select charter vessels. Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all states.

Additional information can be found at www.aceprs.com/boatandyacht.

About ACE Private Risk Services
 
ACE Private Risk Services is ACE Group’s high net worth personal insurance business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for financially successful individuals and families. Policies are issued by Bankers Standard Insurance Co., ACE Insurance Co. of the Midwest, and Atlantic Employers Insurance Co.

Additional information can be found at: www.aceprs.com.

About ACE Group
 
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

Additional information can be found at www.acegroup.com, or follow ACE on Twitter, https://twitter.com/ACEGroupNA.



 Source ACE Group through BUSINESS WIRE by press release ©


Contacts
ACE Group
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com