OK so after this very enlightening thread, I decided to do a bit of shopping around.
I got a quote from the Gowrie Group (underwritten by New Hampshire Insurance Company) with a premium of $403. But it had a sail & spar exclusion, which can only be removed by getting a professional inspection of the rig. So I’d have to spend money to save money. Then I called Ameriprise, who provide my home, auto, and umbrella policies. They also offer marine insurance underwritten be Progressive. They quoted me $361, which is $218 or 38% less than what BoatUS just charged me. I’m pretty tempted to make the switch. Does anyone have any experience with Progressive as a marine insurer, or any experience with cancelling a BoatUS policy and getting a prorated refund of the current year’s premium? Thanks, Randy Stafford S/V Grenadine C&C 30-1 #7 Ken Caryl, CO > On Feb 3, 2018, at 2:30 PM, Randy Stafford via CnC-List > <[email protected]> wrote: > > Same thing happened to me. My boat is insured through BoatUS, for inland US > lakes & rivers (which excludes the Great Lakes), and for racing. For 2016 I > paid $511. For 2017 I paid $521. For 2018 it jumped 10% to $574. > > In 2016, the underwriter for BoatUS insurance was National Liability & Fire > Insurance Company. For 2017 it switched to GEICO. > > When I first obtained the insurance in 2016, BoatUS also had a diminishing > deductible policy under which my deductible diminishes by 25% of the original > deductible, per year, to zero for the fifth year, as long as I do not claim > any losses in the first four years. It looks like the diminishing deductible > policy is still in effect with GEICO, because my deductible has gone from > $600 in 2016 to $375 in 2017 to $250 in 2018. > > Cheers, > Randy Stafford > S/V Grenadine > C&C 30-1 #7 > Ken Caryl, CO > >> On Feb 3, 2018, at 1:50 PM, ahycrace ahycrace via CnC-List >> <[email protected] <mailto:[email protected]>> wrote: >> >> Hello all >> >> Well I just got my insurance bill from boat US and it went up >> 238$ a pretty big increase. I called to ask why and they said it was >> nothing on my end rates just went up. I am wondering if everybody else got >> raised as well? I tried to increase my deductible which is zero, to say 4% >> or so to lower my rates. They said they can't do that because they have a >> automatic lowering of the deductible over time and once it reaches zero it >> must stay there. Sounds like they just want to keep the bill up! 1100$ for >> 40k, might have to start shopping, any feedback? >> >> >> >> Gary K >> "Liberty" 1976 38' MKll >> >> _______________________________________________ >> >> Thanks everyone for supporting this list with your contributions. Each and >> every one is greatly appreciated. If you want to support the list - use >> PayPal to send contribution -- https://www.paypal.me/stumurray >> <https://www.paypal.me/stumurray> >> > > _______________________________________________ > > Thanks everyone for supporting this list with your contributions. Each and > every one is greatly appreciated. If you want to support the list - use > PayPal to send contribution -- https://www.paypal.me/stumurray >
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