I have agreed hull value with BoatUS. I don't remember seeing a change in coverage.
Allen Miles S/v Septima C&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 > 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. > Depreciated coverage drops to 20% over time to where most of our boats > would only receive 20% of fixing damages! I switched coverage when I > learned of this and I still pay the same premium. > > > > I bring this up because one of our brethren has been caught by this issue > after a recent incident. If your broker cannot find a reimbursement > carrier, let me know. I will provide the contact info of my guy. > _______________________________________________ > > 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 > >
_______________________________________________ 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
