Boat thefts fell in 2011, but jet skis are still a favored target

Boat thefts fell in 2011, but jet skis are still a favored target

The number of watercraft stolen in the U.S. fell from 2010 to 2011, according to an annual report by the National Insurance Crime Bureau on boat thefts and recoveries.  The report examined watercraft reported stolen between January 1 and December 31, 2011 and includes everything from canoes and dinghies to commercial ferry and oyster boats. Overall, there were 6,070 watercraft thefts reported during the period.  This is a 9 percent decrease from the 6,663 thefts…

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Insurance for vintage and super luxury items

Insurance for vintage and super luxury items

For those who are living in the lap of luxury complete with yachts, fine art collections and vintage wine cellars, extravagant items such as these require more than the typical insurance coverage. Surprisingly, according to the World Wealth Report 2010, the demand for investments in luxury goods and collectibles is on the rise. U.S. art auction sales have shown a robust rebound since a dramatic downturn in 2009, which has increased the need for specialized insurance…

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