Bensman Risk Management, Inc.

Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

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Insurable Interests

Vol. 7, Issue 9May 2012


Getting Coverage for a Boat

If the coming summer has you itching to buy a boat, you should know that it takes at least one business day to bind coverage on watercraft. That means that if you call us from the marina at 4:30 p.m. on the Friday before Memorial Day, you won't be able to take out your boat that weekend. So if you are thinking about buying a boat, especially if you know what kind of boat you want, call us so we can start contacting underwriters and getting information on premiums.

Some -- but not all -- of the information we need to get started includes: the year, make and model of the boat; the type of boat (runabout, jet-ski, bass boat, pontoon, etc.); the hull construction (fiberglass, wood, aluminum, etc.); the number and type of engines (outboard, inboard, inboard/outboard, etc.); total horsepower; top speed; purchase price; address when not in the water; name and driver's license number of each operator; and number of years of boating experience of the principal operator. Contact us at 847-572-0800 or, and we'll have you out on the water as soon as possible.

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