There are two theories of insurance: 1 – You want a company experienced with maritime insurance. They’ll understand the differences between getting a rig replaced and a new fender on a car. 2 – You want a company that has no clue at all about offshore sailboats and is dumb enough to pay for anything.
So far I have been using #1, but I knew of someone that got a new rudder for a C&C 41 using theory #2. I had great luck with BOATUS covering damage from hitting debris that bent the prop shaft and damaged the prop. Note that BOATUS holds SALVAGE and HULL coverage separate. If your policy does not do this, you may use up all your coverage on salvage before anything gets fixed. I once had a powerboat that sank and the coverage was through the homeowners. Their claims adjuster WAS THE LAST ONE TO USE THE BOAT so it went through no issue ROFLMAO. I am guessing companies are going to be investigating total loss claims a bit more than before, given the number of boats nowadays worth far more as an insurance claim then they ever could be sold for ☹ Joe Della Barba Coquina From: cnc-list-boun...@cnc-list.com [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Indigo Sent: Friday, August 24, 2012 10:09 AM To: cnc-list@cnc-list.com Subject: Re: Stus-List c&c smile and insurance I have had ACE as my carrier for 10 years. Have had only one claim in 10 years – where they paid for keel / stub separation to be repaired! That, by itself, “paid” for 10 years of potentially higher premiums (never actually shopped around) Jonathan – Indigo – 35MkIII – Southport CT ________________________________ From: cnc-list-boun...@cnc-list.com<mailto:cnc-list-boun...@cnc-list.com> [mailto:cnc-list-boun...@cnc-list.com]<mailto:[mailto:cnc-list-boun...@cnc-list.com]> On Behalf Of djhaug...@juno.com<mailto:djhaug...@juno.com> Sent: Friday, August 24, 2012 8:37 AM To: cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com> Subject: Re: Stus-List c&c smile and insurance I got the insurance company wrong...Heritage is an Insurance broker. The actual Insurance company is ACE recreational marine insurance. Sorry for the confusion. Does anyone have Ace as their insurance company ---------- Original Message ---------- From: "djhaug...@juno.com<mailto:djhaug...@juno.com>" <djhaug...@juno.com<mailto:djhaug...@juno.com>> To: cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com> Subject: Re: Stus-List c&c smile and insurance Date: Fri, 24 Aug 2012 01:28:12 GMT Okay, I had to chime in as I've decided on insurance. I got quote from BoatUS of $728 and a quote from Heritage Marine Insurance for $387. Heritage specializes in Old Yacht, namely old wooden yachts it seems. The coverage is better too. Boat US - Vessel and Equipment $19,400 - Liability $300,000 - personal effects $0 - Unscheduled Electronic Eqip. $0 - deductible $660 Heitage - Boat And Engine $20,000- Liability $500,000 - personal effects $10,000 - Unscheduled Electronic Eqip. $10,000 - deductible $750 It seems like a much better deal. Does anyone here use Heritage? Danny ---------- Original Message ---------- From: Oban Lambie <oban.lam...@gmail.com<mailto:oban.lam...@gmail.com>> To: "cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>" <cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>> Subject: Re: Stus-List c&c smile and insurance Date: Thu, 23 Aug 2012 18:47:49 -0600 Another perspective on boat insurance: I have a 29 mk1 which I purchased this spring. � It's a $10k boat in excellent condition and also in Long Island sound. �BoatUS quoted me $550 or so per year for coverage. I use Geico for my auto insurance and asked them for a quote as well. �They transferred me to another Berkshire Hathaway subsidiary called Seaworthy insurance that Geico is in cahoots with in some way. Seaworthy's quote was for $158 per year.� I reviewed both policies side by side, and though I'm not an attorney, they appeared identical. Same deductible, same coverages, same exclusions, same survey requirements. � I asked Seaworthy why they were so much less expensive and they said it was largely to do with my years of being with Geico and my never having made a claim - in addition to my 10+ years of boat ownership.� At any rate, I signed up with Seaworthy and my dealings to date have been totally pleasant. Their agents clearly know boats and dealing with the post-condition and value survey issues was very reasonable and pleasant.� Keep in mind that I drive like an old man and that I haven't broken a boat badly since I was in college, so I can't speak for how�Seaworthy deals with claims. But I'm damn happy to be paying so little for boat insurance! �- Oban Lambie Circe C&C 29 MK1 East Setauket, New York On Aug 23, 2012, at 1:52 PM, Joel Aronson <joel.aron...@gmail.com<mailto:joel.aron...@gmail.com>> wrote: Congrats! There was a recent thread on whether BoatUS was worth the extra money they charge. �If you are looking for inexpensive insurance start with your auto/home insurer, as there will be multi policy discounts. �Remember, most carriers will run a credit check and it will show as an inquiry on your credit report. Joel On Thu, Aug 23, 2012 at 3:45 PM, William Hall <wh...@alum.mit.edu<mailto:wh...@alum.mit.edu>> wrote: Western Long Island Sound, moving from Larchmont to Stamford. Thanks! On Thu, Aug 23, 2012 at 3:43 PM, Bill Coleman <colt...@verizon.net<mailto:colt...@verizon.net>> wrote: > Boat US insurance, or ACE. There are several others who know boats, I am > sure others will chime in with their suggestions. �This Agent obviously > doesn't know much about sailboats. > > Did this boat used to reside in Bay City? �Where are you? > > Bill Coleman > C&C 39 > > > -----Original Message----- > From: cnc-list-boun...@cnc-list.com<mailto:cnc-list-boun...@cnc-list.com> > [mailto:cnc-list-boun...@cnc-list.com<mailto:cnc-list-boun...@cnc-list.com>] > On Behalf Of William Hall > Sent: Thursday, August 23, 2012 3:38 PM > To: cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com> > Subject: Stus-List c&c smile and insurance > > Hi List, > I just bought a C&C 37. > Everything I read tells me the C&C smile is just how it goes, and I've > seen the cosmetic repair section here. �Keel bolts look beautiful. > The inspector told me verbally that it's perfectly fine. > But in his written survey, he added this CYA material: > "I believe the keel to stub crack is fairing compound coming loose and > the normal separation due to expansion" > with recommendations: > "further investigate and repair as necessary" > > The insurance guy wanted the survey and has said coverage is > contingent on " further testing (ultrasonic) to determine whether or > not that crack is compromising the structural stability of the vessel. > " > > Has anyone any idea how ultrasonic testing could relate at all to this? > Can anyone point me to material that might convince the insurance guy > that there are less expensive means that will tell us more? > > Or maybe someone can just point me to a better boat insurance agent? > > Many thanks! > Bill > > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > CnC-List@cnc-list.com<mailto:CnC-List@cnc-list.com> > > > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > CnC-List@cnc-list.com<mailto:CnC-List@cnc-list.com> -- William D. Hall, Ph.D. 203 653 2886<tel:203%20653%202886>�(o) 617 620 9078<tel:617%20620%209078>�(c) wh...@alum.mit.edu<mailto:wh...@alum.mit.edu> _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com<mailto:CnC-List@cnc-list.com> -- Joel 301 541 8551 _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com<mailto:CnC-List@cnc-list.com>
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