Until recently, I had Travelers. No major issues getting the policy in place a few years ago, although I needed to update the original purchase survey as I recall. At the time, I transferred to Travelers from Boat US (Geico) due to the 80% depreciation issue. However, Travelers raised the premium to the point where it nearly doubled over a few years. When I asked why the price rose so dramatically, I was told (twice) that "more people are using boats." This didn't make sense to me, so this spring I switched from Travelers to Progressive, which did not require a survey. I'm back to under $1 K for the annual premium.
Matt Wolford 1976 C&C 42 Custom From: David Morris via CnC-List <cnc-list@cnc-list.com> Sent: Tuesday, June 22, 2021 9:04 AM To: cnc-list@cnc-list.com Cc: djmor...@djma-ltd.com Subject: Stus-List Insurance for Older Boats In the course of jumping through hoops imposed by our insurance carrier for our 1975 C&C 30 MK1, I had an email from a senior VP with Gallagher Skipper's Plan that says, in part: "In the today's market it is extremely difficult to find insurers willing to write sailboats over 40 years old. These boats have a high incidence of fires, rigging failures, pulled chainplates, and rudder failures and are considered high risk. Five insurance companies have stopped offering quotes for sailboats over 30 and the few that will offer it are very picky." This, of course, is highly concerning. Any recommendation for a carrier that is more favourably inclined to cover an older boat would be most appreciated. David Morris _____ <https://www.avast.com/antivirus> This email has been checked for viruses by Avast antivirus software. www.avast.com <https://www.avast.com/antivirus>
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