You mentioned the $0 deductible that Geico/BoatUS now "provides". While that is technically true, it has been replaced with a depreciation curve on parts. I found this out this year after a claim.
I had to have my steering pedestal replaced after a weather related incident. The new parts were depreciated (either by 40% or to 40% cant remember). So under the old $500 deductible that is what I would have paid. Under the new scheme I wound up paying $700+ for the depreciation on the parts. A friend of mine also had a claim this year after a grounding, the cost of which was several times the cost of the pedestal. He paid about the same out of pocked because the bulk of the repair was labor. We were talking about this and discussed what would happen if either of our boats (20+ and 30+ years old) were to be dis masted. If the boat were not totaled, the bulk of the repair would be parts (spar and rigging) which would be depreciated by some %. If the total repair were 40k of which 30k or more were parts and the depreciation were 50% you could be on the hook for 15k. I have had BoatUS for more than 15 years across three boats. and I have had claims for a lightning strike, named storm damage and the most recent claim. I can say they have always been responsive and great to work with. That said, their new "no deductible" policy has me seriously considering shopping for a new policy. Eric C&C 34/36+ On Tue, Feb 6, 2018 at 10:48 AM, David via CnC-List <cnc-list@cnc-list.com> wrote: > Staying with BoatUS too. Got a few other quotes and was not impressed > especially as I have $0 deductible now. I have heard all good things when > the you-know-what hits the fan and you have to file a claim. > > > And. Just called them to add our 9' restored Dyer sail Dink. She made a > note and the little guy is insured for 5k. Easy Peasy. Both dinghys > insured under the Mother Ship. > > > ------------------------------ > *From:* CnC-List <cnc-list-boun...@cnc-list.com> on behalf of Della > Barba, Joe via CnC-List <cnc-list@cnc-list.com> > *Sent:* Tuesday, February 6, 2018 10:41 AM > *To:* cnc-list@cnc-list.com > *Cc:* Della Barba, Joe > *Subject:* Re: Stus-List Insurance issues > > My Allstate agent said no way would Allstate touch a 35 foot boat. > I had one claim with BOATUS and I could not be happier with the service. > Basically "get it fixed, have the yard fax us the bill". We hit an > underwater something, not sure what, and it bent the prop shaft. > > > > Joe Della Barba > Coquina > > > -----Original Message----- > From: CnC-List [mailto:cnc-list-boun...@cnc-list.com > <cnc-list-boun...@cnc-list.com>] On Behalf Of Howard and Skippy via > CnC-List > Sent: Tuesday, February 06, 2018 9:46 AM > To: cnc-list@cnc-list.com > Cc: Howard and Skippy <emp...@optonline.net> > Subject: Stus-List Insurance issues > > Insurance experience > My C&C 35-3 has been insured by Allstate for the last 25 years and I > have experience with 3 major claims. Once, while transiting Plum Gut > with my son at the helm, doing about 8 kts with the big chute up, we hit > an unseen, underground spire submerged 6' below the surface. 20k later > Allstate covered all but the 500 deductible and there was no increase in > rate which has held at about 5-600 with an insured value of 60k + 6k for > "accessories" for the duration of coverage. About 10-15 years ago, the > boat, during a storm, was blown off its jack stands when the cover > caught one of the stands causing hull and rigging damage. some 20+k > later, Allstate handled the claim speedily and without premium increase. > The boat was totaled in Super Storm Sandy. After a 45K payout, Allstate > gave me the boat along with the check. I used the $ to rebuild the boat > and she is as good as or better now than new. There has been no real > increase in premium. I can only praise Allstate in that they are 1/2 the > cost of Boat US, have been easy to work with and have stuck with me > through 3 major incidents. > Howard Paul, skipper Knot Again > > _______________________________________________ > > 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://nam02.safelinks. > protection.outlook.com/?url=https%3A%2F%2Fwww.paypal.me% > 2Fstumurray&data=02%7C01%7C%7C2d1535e551044a773fcd08d56d784144% > 7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636535285608621984&sdata= > 0epYV5YAyA2O2gJD%2FAHLHbt37OJquMvAy9GB%2BNq1Zmw%3D&reserved=0 > > _______________________________________________ > > 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://nam02.safelinks. > protection.outlook.com/?url=https%3A%2F%2Fwww.paypal.me% > 2Fstumurray&data=02%7C01%7C%7C2d1535e551044a773fcd08d56d784144% > 7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636535285608621984&sdata= > 0epYV5YAyA2O2gJD%2FAHLHbt37OJquMvAy9GB%2BNq1Zmw%3D&reserved=0 > > > _______________________________________________ > > 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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