Charter Lakes Marine Insurance initiates the Disappearing Deductible for NACO Group Insurance

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Grand Rapids, MI – Charter Lakes Marine Insurance announces the introduction of the Disappearing Deductible for the NACO Group Insurance Plan. NACO member policyholders will see their hull deductible disappear with our new Disappearing Deductible policy feature.

  • Beginning in 2011, at your first renewal, your original elected deductible will drop by 25%.
  • Each subsequent year you remain claims-free, your hull deductible will drop another 25% until it reaches zero.
  • Once it reaches zero – it stays that way as long as you remain claims-free and insure with Charter Lakes and the NACO Group Insurance Plan.
  • Current policyholders of the NACO Group Insurance Plan automatically receive this benefit beginning in 2011.

“Rewarding clients who do not have claims is the right thing to do “says Dan Longman, president and CEO of Charter Lakes Marine Insurance”.

Charter Lakes adds value for its clients through continual improvement to the NACO Charter Policy while remaining the low cost provider.  Please visit for a full explanation of the Disappearing Deductible as well as the other benefits of the NACO Group Insurance Plan.