Be careful to understand your insurance policy. Lots of terms like “replacement
value” or “agreed value” or “new for old” have different definitions. See the
definitions section of your policy. Sometimes the “agreed value” provision
applies only in the case of a total loss while a “depreciated
You'll want to look very closely for issues related to depreciation. If you
have a policy in PDF format, you can do a search on words like "depreciate"
"depreciation" and 20%" and you should find it.
Bruce Whitmore
(847) 404-5092 (mobile)
bwhitm...@sbcglobal.net
On Monday, November
Boat insurance...reimbursement vs. depreciated
coverage...
I have agreed hull value with BoatUS. I don't remember seeing a change in
coverage.
Allen Miles
S/v Septima
C 30-2
Hampton, VA
On Sun, Nov 10, 2019 at 4:39 PM David Risch via CnC-List
wrote:
I may be repeating myself here
I have agreed hull value with BoatUS. I don't remember seeing a change in
coverage.
Allen Miles
S/v Septima
C 30-2
Hampton, VA
On Sun, Nov 10, 2019 at 4:39 PM David Risch via CnC-List <
cnc-list@cnc-list.com> wrote:
> I may be repeating myself here, but it bears repeating. Check your boat
>
You shouldconfirm how salvage is treated. That can be a real shock. Also, you
should confirm if pollution from a sinking or spillage is covered.
Hoping you find this helpful,
Bruce Whitmore
(847) 404-5092 (mobile)
bwhitm...@sbcglobal.net
On Monday, November 11, 2019, 3:30:01 PM EST,
I have agreed upon value with Allstate. Straight-up agreed-upon value
coverage, 35-40% cheaper than Boat US and Geico. (Geico's been insuring my
cars since the 90's but they wouldn't / couldn't compete with Allstate.)
I'm on an inland lake / that most likely makes a difference.
Your actual
1/10/19 17:10 (GMT-08:00)
To: cnc-list@cnc-list.com
Cc: "Matthew L. Wolford"
Subject: Re: Stus-List Boat insurance...reimbursement vs. depreciated
coverage...
It is also why I switched to Travelers.
From: Joe Della <mailto:cnc-list@cnc-list.com> Barba via CnC-List
"Matthew L. Wolford" Subject: Re:
Stus-List Boat insurance...reimbursement vs. depreciated coverage...
It is also why I switched to Travelers.
From: Joe Della Barba via CnC-List
Sent: Sunday, November 10, 2019 5:43 PM
To: cnc-list@cnc-list.com
Cc: Joe
Della Barba
Subject: Re: Stus
dismasted, I would
have to pay 80% of the replacement cost. I have a 42 foot boat with a 60 foot
mast. I was on the phone to Travelers that day.
From: ALAN BERGEN via CnC-List
Sent: Sunday, November 10, 2019 5:27 PM
To: C
Cc: ALAN BERGEN
Subject: Re: Stus-List Boat insurance...reimbursement vs
It is also why I switched to Travelers.
From: Joe Della Barba via CnC-List
Sent: Sunday, November 10, 2019 5:43 PM
To: cnc-list@cnc-list.com
Cc: Joe Della Barba
Subject: Re: Stus-List Boat insurance...reimbursement vs. depreciated
coverage...
This is why I just switched to Progressive. How
rts are from 1985...
>
>
>
> Thanks,
> Danny
>
> Original message
> From: ALAN BERGEN via CnC-List
> Date: 11/10/19 5:27 PM (GMT-05:00)
> To: C
> Cc: ALAN BERGEN
> Subject: Re: Stus-List Boat insurance...reimbursement vs. depreciated
> co
This is why I just switched to Progressive. How the does STAINLESS
STEEL depreciate?
Joe
Coquina
On 11/10/2019 5:36 PM, Danny Haughey via CnC-List wrote:
Geico marine insurance is depreciating my anchor roller, blow pulpit
and stanchions by 80% because they say those parts are from
-List Boat insurance...reimbursement vs. depreciated coverage... I have
Geico Insurance through BoatUS. Agreed value is agreed value. They only
depreciate items that are depreciable, like sails or the engine. A couple of
years ago, my boom cracked after getting hung up on a crab pot. Geico paid
I have Geico Insurance through BoatUS. Agreed value is agreed value. They
only depreciate items that are depreciable, like sails or the engine. A
couple of years ago, my boom cracked after getting hung up on a crab pot.
Geico paid the full cost of replacing the boom - parts and labor, with no
: David Risch Subject: Stus-List
Boat insurance...reimbursement vs. depreciated coverage...
I may be repeating myself here, but it bears repeating. Check your boat
coverage. BoatIUS had reimbursement coverage before they switched to GEICO as
their carrier last year. Now it is depreciated value
I got North American Specialty Insurance Company - agreed value.
Josh Muckley
S/V Sea Hawk
1989 C 37+
Solomons, MD
On Sun, Nov 10, 2019, 3:39 PM David Risch via CnC-List <
cnc-list@cnc-list.com> wrote:
> I may be repeating myself here, but it bears repeating. Check your boat
> coverage.
I may be repeating myself here, but it bears repeating. Check your boat
coverage. BoatIUS had reimbursement coverage before they switched to GEICO as
their carrier last year. Now it is depreciated value coverage. Reimbursement
coverage pays for replacing damages up to the agreed value.
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