United Marine Underwriters

What United Marine Underwriters does

United Marine Underwriters is a specialty boat insurance brokerage operating as a DBA of Troutman & Associates Inc., a privately held corporation founded in 1990 and headquartered in La Grange, Kentucky. The firm focuses exclusively on marine insurance — covering personal watercraft, runabouts, bass boats, sailboats, pontoon boats, performance boats, houseboats, yachts, mega yachts, charter operations, fishing guides, and professional anglers — and serves individual boat owners, insurance agents, and SMB maritime operators across the United States.

The company's core technology is a web-based quoting and policy management platform that generates boat insurance quotes in approximately 90 seconds, supports multi-boat side-by-side comparison, and allows customers to retrieve, edit, purchase, and renew policies online. The platform also provides a dedicated agent portal enabling independent insurance agents to quote and service policies on behalf of their clients at no additional cost to the end customer. Underlying carrier access is sourced from three A+ A.M. Best-rated national insurers — Chubb (Ace American), American Modern Property and Casualty, and Markel American Insurance Company — plus American Integrity Insurance Company as a Florida-specific regional carrier, collectively providing access to over 20 specialized boat insurance programs.

United Marine Underwriters earns revenue primarily through commissions paid by insurance carriers on placed policies; the firm does not charge additional fees for agent-serviced quotes. Distribution is hybrid: direct-to-consumer self-serve online quoting, agent-assisted sales, and phone-based inside sales supported by toll-free, local, and SMS contact channels. Pricing is not publicly disclosed but annual premiums typically range from $200-$600 for standard recreational boats to $1,500-$5,000 for higher-value yachts, with monthly ranges of $25-$125+ depending on vessel type and location.

Name

United Marine Underwriters

Legal name

Troutman & Associates Inc.

Website

https://unitedmarine.net

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

United Marine Underwriters is a specialty boat insurance brokerage (DBA of Troutman & Associates Inc., founded 1990) that aggregates A+ rated carrier programs from Chubb, American Modern, and Markel to serve individual boat owners and independent insurance agents across the United States.

Ownership category

akta.pro rank

Product category

Boat Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Yacht & Pleasure Craft Insurance (FSAJAHAI)

akta.pro secondary industry

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

Keywords

• Boat insurance
• Marine insurance
• Yacht insurance
• Personal watercraft insurance
• Insurance brokerage

Headquarters

HQ city

La Grange

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations

Revenue model

1. Insurance Brokerage: As a specialty boat insurance broker, United Marine Underwriters earns revenue by representing multiple insurance carriers and placing policies for boat owners. Revenue comes from commissions paid by insurance carriers (percentage of premium). They do not charge additional fees for agent-serviced quotes.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

United Marine Underwriters is a specialty boat insurance brokerage that places coverage for individual boat owners and commercial marine operators through multiple A+ rated insurance carriers. As a DBA of Troutman & Associates Inc. (founded 1990), the firm represents Ace American (Chubb), American Modern Property and Casualty, Markel American Insurance Company, and a regional Florida carrier, providing access to 12+ boat-specific insurance programs. Customers obtain coverage via a self-serve online platform delivering 90-second quick quotes, insurance agent channel partners, or phone/inside sales, with coverage spanning yachts, mega yachts, personal watercraft, houseboats, fishing vessels, performance boats, charter boats, and professional angler operations.

Product overview

United Marine Underwriters is a specialty boat insurance broker offering a unified platform that connects boat owners with multiple insurance carriers and coverage options. The company represents Ace American (Chubb), American Modern Property and Casualty, Markel American Insurance Company, and American Integrity Insurance Company, providing access to 12 different boat insurance programs from A+ rated carriers. The core product offering includes specialized insurance coverage for diverse watercraft types: yachts (personal, corporate, charter, and mega yachts), personal watercraft (PWC, jet skis), fishing vessels (bass boats, fishing boats, fishing guides), recreational boats (sailboats, runabouts, ski boats, pontoon boats, speed boats, houseboats, performance boats), and professional services (charter boats, professional anglers). The company distinguishes itself through its '90 second Quick Quotes' online platform enabling rapid quote generation and comparison, alongside traditional agent-assisted service for comprehensive boat insurance needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Yacht Insurance Insurance coverage for personal, corporate, and charter yachts with comprehensive protection options, designed for owners of mid-to-large sailing and motor yachts.
• Mega Yacht Insurance Insurance coverage for mega yachts at the high end of the yacht insurance portfolio, providing comprehensive protection for very large luxury vessels.
• Charter Boat Insurance Insurance coverage for charter boats, including full-time and occasional charter operations, with liability protection suitable for paying passengers.
• Performance Boat Insurance Specialized insurance for high-performance boats with options for Agreed Value and Actual Cash Value coverage.
• Houseboat Insurance Specialty insurance programs specific to houseboat coverage needs, including moored living vessels and floating homes.
• Personal Watercraft (PWC) Insurance Insurance coverage for personal watercraft including jet skis, wave runners, and similar small water vehicles.
• Jet Ski Insurance Insurance coverage for jet skis and similar personal watercraft vehicles.
• Bass Boat Insurance Insurance coverage designed specifically for bass fishing boats.
• Fishing Boat Insurance Insurance coverage for general recreational fishing boats.
• Fishing Guide Insurance Insurance coverage specifically designed for fishing guides operating as commercial operators.
• Professional Angler Insurance Specialized insurance coverage for professional anglers competing in tournament and commercial fishing.
• Sailboat Insurance Insurance coverage for sailboats of various sizes.
• Runabout Boat Insurance Insurance coverage for runabouts, ski boats, and pontoon boats.
• Pontoon Boat Insurance Insurance coverage for pontoon boats.
• Speed Boat Insurance Insurance coverage for speed boats.
• Boat Insurance Quote Platform Online platform enabling boat owners to obtain insurance quotes in 90 seconds, customize coverage, shop options, compare multiple boats side-by-side, and retrieve, edit, purchase, and pay for policies online.

Quantifiable outcome

• Get a boat insurance quote in 90 seconds
• +1 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ace American (Chubb) Insurance CompanycoreOthersNational insurance carrier represented by United Marine Underwriters. Part of Chubb, one of the largest property and casualty insurers. Provides A+ rated boat insurance programs.
• American Modern Property and CasualtycoreOthersNational insurance carrier with A.M. Best A+ rating. Provides specialized boat insurance programs through United Marine Underwriters broker network.
• Markel American Insurance CompanycoreOthersNational insurance carrier with A.M. Best A+ rating. Provides boat insurance programs through United Marine Underwriters, offering coverage for various vessel types.
• American Integrity Insurance CompanyminorOthersRegional insurance company for Florida. Not rated by A.M. Best. Provides state-specific boat insurance coverage for Florida boat owners through United Marine Underwriters.
• Boaters Assistance RewardsminorGTM or Marketing PartnerExternal rewards program partner providing benefits and assistance services to boaters. Linked from United Marine Underwriters website.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Markel Insurance: Markel is both a carrier partner of UMU and a direct competitor in the marine insurance market. Markel Specialty offers yacht, performance boat, and charter insurance through its own direct and agent channels, often overlapping UMU's product portfolio.
• GEICO Marine: GEICO Marine Insurance provides direct online boat and PWC insurance backed by BoatUS infrastructure. As a low-cost direct carrier, it competes with UMU's self-serve platform on price transparency and digital convenience.
• BoatUS (GEICO Marine Insurance): BoatUS is the largest direct-to-consumer boat insurance provider in the US, offering policies, towing, and member services across all vessel types. Now owned by GEICO, it competes head-on with UMU for recreational boaters and is the dominant specialty competitor in this niche.
• Hagerty (Boat & Yacht Insurance): Hagerty, best known for classic car insurance, has expanded into classic boat and yacht insurance through Hagerty Marine. It targets the same enthusiast and high-value vessel segment as UMU's yacht and performance boat products.

Broad incumbents

• Progressive (Marine Insurance): Progressive offers boat insurance as an extension of its auto/home portfolio with fully digital direct purchase. As a broad incumbent P&C carrier with massive marketing scale, it competes on price and convenience across the same recreational boating customer base.
• Travelers (Boat & Yacht Insurance): Travelers offers boat and yacht insurance through independent agents across the US, with particular strength in coastal states. As a major P&C carrier, it competes for the same agent-distributed marine insurance business as UMU.
• Foremost Insurance Group: Foremost, part of Farmers Insurance, specializes in boat, RV, and mobile home insurance through independent agents. As a carrier with specialty marine expertise and broad distribution, it competes in the same agent channel as UMU.
• Allstate (Boat Insurance): Allstate offers boat insurance as a complement to its auto/home bundles through direct and agent channels. As a broad P&C incumbent with bundled discounts, it competes on price especially with multi-line customers.
• Nationwide (Boat Insurance): Nationwide provides boat and personal watercraft insurance through its agent network. It competes with UMU in the recreational marine segment, leveraging multi-line bundling and brand recognition to attract customers.
• Chubb (Ace American): Chubb, parent of Ace American Insurance Company, both underwrites programs distributed by UMU and offers direct yacht and marine insurance through its own high-net-worth division. Competes with UMU in the yacht and luxury vessel segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/United_Marine

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Marine Underwriters