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U.S. company insures yachts in Cuba

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Seattle-based Novamar, a provider of marine and yacht insurance, now offers a Cuba Navigation Endorsement for U.S. yacht owners. Coverage can be added to existing Novamar Yacht Program policies start at $500.

U.S. citizens with a legal reason to travel to Cuba can get the endorsement provided the proper permits have been applied for and issued, the company said on its website.

A story in Insurance Journal said Novamar’s insurance program is placed with a U.S. insurance company so insureds are covered by state insurance department protections regarding company financial security and claims handling.

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