I got a “classic boat” policy for my 83 Landfall 35 through Hagerty which is underwritten through Essentia Insurance. This last year they automatically increased the loss replacement value due to market changes, but the premium increase was nominal (about 2%). They do have 5 year survey requirement that includes a mast down rig inspection. My surveyor is a former C&C owner and differentiates an insurance survey from a purchase survey which has kept costs at a reasonable level. My insurance agent is a very accomplished sailor and I have no doubt he’d go to bat for me in the event of a serious claim. Perhaps I’m paying a slight amount more by using an agency who gets a commission but I’ve seen my agent out at the waterfront at 7am after a named storm passed through, helping secure boats and assessing damage and arranging towing. Worth every cent in my opinion. Chuck Gilchrest S/V Half Magic 1983 Landfall 35 Padanaram,MA
Sent from my iPhone > On Sep 25, 2021, at 10:31 AM, Steve Thomas via CnC-List > <cnc-list@cnc-list.com> wrote: > > > That may be true for new policies, or in your location, or something to do > with your agent, but Progressive refused to write a liability-only policy for > my 1980 sailboat in central Florida 5 years ago. They put a low valuation on > the boat and a considerable deductible, which effectively made it > liability-only, but it still wound up costing over $800 USD per year. > > Steve Thomas > > C&C36 MKI > > Merritt Island, FL > > ------ Original Message ------ > From: cnc-list@cnc-list.com > To: cnc-list@cnc-list.com > Cc: rockybazem...@gmail.com > Sent: Friday, September 24, 2021 10:23 AM > Subject: Stus-List Re: Insurance > > Just looked into it and Progressive is only liability coverage for boats over > 20 years old. If your boat gets struck by lighting or sinks you get $0. Guess > I'll stick with Geico. I got struck by lightning last year and they fixed > everything. Yes it is expensive. Correct me if I'm wrong. > Rocky > >> On Fri, Sep 24, 2021 at 9:47 AM Matthew via CnC-List <cnc-list@cnc-list.com> >> wrote: >> That was why I left Boat US / GEICO in the first place – that whole reduced >> value to 20% baloney. I switched to Travelers, which had a good policy but >> dramatically increased its annual premium the last three years. As a result, >> I’m now with Progressive. >> >> I’m the kind of person who likes to find a good policy with reasonable rates >> and stick with it. For boat insurance, however, it pays to shop around. >> >> From: David Risch via CnC-List <cnc-list@cnc-list.com> >> Sent: Friday, September 24, 2021 9:25 AM >> To: Stus-List <cnc-list@cnc-list.com> >> Cc: Andy Frame <svmar...@pm.me> David Risch <davidrisc...@msn.com> >> Subject: Stus-List Re: Insurance >> >> Check the fine print. Ask the question. If I lose the mast.... >> >> Sent from my Android. Please forgive typos. Thank you. >> >> Thanks to all of the subscribers that contributed to the list to help with >> the costs involved. If you want to show your support to the list - use >> PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu > > Thanks to all of the subscribers that contributed to the list to help with > the costs involved. If you want to show your support to the list - use PayPal > to send contribution -- https://www.paypal.me/stumurray Thanks - Stu > > > > > Thanks to all of the subscribers that contributed to the list to help with > the costs involved. If you want to show your support to the list - use > PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the costs involved. If you want to show your support to the list - use PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
