Just received this notice from my boat insurance broker. Dear Novamar Client: We are writing to let you know that Geico Marine has decided to stop offering boat insurance through its entire marine agency network. Therefore you will receive a non-renewal notice directly from Geico Marine approximately 60 days prior to your policy expiration date. A sample of the non-renewal letter is attached. Your Novamar Account Executive will be sending you a replacement quote prior to your Geico policy expiration date with a different insurance company to make the change as seamless as possible for our clients. Geico Marine has decided to place more focus on insuring smaller, lower value boats through their direct sales channel only. This shift is accompanied by other recent Geico Marine policy changes including reduced navigation capabilities, reduced maximum hull and liability coverage limits, maximum vessel age limitations, and the cancellation of the Geico megayacht insurance and charter boat insurance programs. These changes affect all Geico Marine distribution channels. Geico is a very financially strong carrier, however their changes don't fit the normal Novamar yacht client that often requires higher coverage limits and greater flexibility so the timing is good for us to move your coverage to another insurer when your current Geico Marine policy expires. IMPORTANT NOTICE: GEICO HAS INFORMED THEIR AGENTS IF A POLICY IS CANCELLED THEY WILL NOT REINSTATE COVERAGE FOR ANY REASON. IT IS VERY IMPORTANT THAT YOU DO NOT LET YOUR GEICO POLICY GET CANCELLED DUE TO NON-PAYMENT OF PREMIUM. Since 1987 Novamar has been providing marine insurance and expertise to knowledgeable yacht owners throughout North America and beyond. We know and access the entire yacht insurance market for our clients and we understand the insurance contracts. Only a trusted independent source like Novamar who is actively engaged in the local and global yacht insurance markets can provide the level of expertise required to evaluate the best fit for a given client. Novamar has 5 fully staffed U.S. offices & is licensed in all 50 states and our sister company, Novamar Insurance Mexico, is licensed in the Republic of Mexico. Novamar's capabilities are built over three decades of experience with a great team with a commitment not found with any other yacht insurance specialty insurance agency/brokerage. As the global yacht insurance market continues in disruption & uncertainty, Novamar is there navigating through the choppy waters with you to provide the best yacht insurance solutions to our valued clients. We look forward to many more years of doing business together. If you have any questions, or need to make any changes to your current coverage limits, please reach out by return e-mail or give us a call at the numbers below. Sincerely, Craig Chamberlain PRESIDENT NOVAMAR INSURANCE GROUP, INC.