Here's another perspective. Property insurance and liability insurance are
two different scenarios.
I view liability insurance as protection for my assets and estate.
Liability claims are less frequent but can be enormous. I carry a
significant amount of liability insurance.
Property insurance,
: Insurance... what is to much?
A ton of really good input on this topic. I sincerely appreciate and value all
of it, as well as everyone on this list very much. Thank you!
Best regards,
Brian
On Tue, Jun 28, 2022 at 10:35 AM Matthew via CnC-List
mailto:cnc-list@cnc-list.com>> wrote:
IMHO
ed, I paid less than
> that 10 years ago.
>
>
>
> *From:* Brian Davis via CnC-List
> *Sent:* Tuesday, June 28, 2022 10:28 AM
> *To:* Stus-List
> *Cc:* Brian Davis
> *Subject:* Stus-List Re: Insurance... what is to much?
>
>
>
> I was unaware of this. Really
, I
don’t think I could get $50K for her. Indeed, I paid less than that 10 years
ago.
From: Brian Davis via CnC-List
Sent: Tuesday, June 28, 2022 10:28 AM
To: Stus-List
Cc: Brian Davis
Subject: Stus-List Re: Insurance... what is to much?
I was unaware of this. Really appreciate it
I was unaware of this. Really appreciate it.
On Tue, Jun 28, 2022 at 9:25 AM Matthew via CnC-List
wrote:
> Aside from premium increases, the problem with Geico policies – as this
> list exposed – is the annual reduction of part replacement cost for older
> boats until you hit the 20% floor. As
1983 Landfall 35
From: Matthew via CnC-List
Sent: Tuesday, June 28, 2022 9:24 AM
To: 'Stus-List'
Cc: Matthew
Subject: Stus-List Re: Insurance... what is to much?
Aside from premium increases, the problem with Geico policies – as this list
exposed – is the annual reduction of part re
Aside from premium increases, the problem with Geico policies – as this list
exposed – is the annual reduction of part replacement cost for older boats
until you hit the 20% floor. As I understand the issue, if I lose my mast and
the replacement is, say $30K, Geico will pay $6K. That is totall
: Stus-List Re: Insurance... what is to much?
Imzadi was insured with Progressive for 3 years. Then they would not renew the
policy. They explained that their coverage standards were limited to boats
under 35 feet. To which I took exception because they knew it was 38 feet when
they wrote the
successive years.
Guess their software used for quoting new business has been improved.
Rick Brass
Imzadi
C&C 38 #47
Washington, NC
-Original Message-
From: Stus-List
Sent: Jun 26, 2022 6:28 PM
To: Stus-List
Cc: Brian Davis
Subject: Stus-List Re: Insurance... what is to much?
Th
Sent: June 27, 2022 7:33 AM
To: Stus-List
Cc: Brian Davis
Subject: Stus-List Re: Insurance... what is to much?
Thank you Dennis!
On Sun, Jun 26, 2022, 8:13 PM Dennis C. via CnC-List
mailto:cnc-list@cnc-list.com>> wrote:
I'm going through this right now. I got a letter from m
My insurance is with USAA. First purchased in 1999, my policy is actually
underwritten by USAA. Newer USAA boat policies are underwritten by
Progressive and are, IMO, not as good as my USAA underwritten policy.
--
Dennis C.
Touche' 35-1 #83
Mandeville, LA
On Mon, Jun 27, 2022 at 12:12 AM ALAN B
Thank you Dennis!
On Sun, Jun 26, 2022, 8:13 PM Dennis C. via CnC-List
wrote:
> I'm going through this right now. I got a letter from my insurance
> company questioning my "agreed value". Years ago I got a condition and
> value survey for Touche' (1971 35-1) for $40K. That's what I had it
> i
Call Progressive directly. They insured my boat.
Alan Bergen
35 Mk III Thirsty
Rose City YC
Portland, OR
On Sun, Jun 26, 2022 at 5:13 PM Dennis C. via CnC-List <
cnc-list@cnc-list.com> wrote:
> I'm going through this right now. I got a letter from my insurance
> company questioning my "agreed
I'm going through this right now. I got a letter from my insurance company
questioning my "agreed value". Years ago I got a condition and value
survey for Touche' (1971 35-1) for $40K. That's what I had it insured for.
The letter said the "most recent used boat price guide lists the current
mar
Surveyors here on the Chesapeake Bay run $30-$35 per foot
Neil Andersen, W3NEA
Rock Hall, MD 21661
484-354-8800
From: Brian Davis via CnC-List
Sent: Sunday, June 26, 2022 6:27:30 PM
To: Stus-List
Cc: Brian Davis
Subject: Stus-List Re: Insurance... what is to
Thanks, Randy. I actually just checked online with Progressive and they
rejected my quote request with this error message: "vessel > 35 feet in
length are unacceptable". What the heck? Lol
On Sun, Jun 26, 2022, 6:16 PM randal johnston via CnC-List <
cnc-list@cnc-list.com> wrote:
> ^
>
> What h
^
What he said. Was also with BoatUS forever, til they changed to Geico
underwriting, then premiums went thru roof. Now with Progressive. Whichever way
you go, if you’re racing, make sure you’re covered. Keep liability up there.
randy
Tamanawas
29-II
Hood River, OR
>
Thanks, Alan. I appreciate the good advice. I don't expect to get what I
put into her. I just want to be thoughtful on how I insure her. 👍
On Sun, Jun 26, 2022, 6:10 PM ALAN BERGEN via CnC-List <
cnc-list@cnc-list.com> wrote:
> See what other boats like yours are selling for on Yachtworld.com to
See what other boats like yours are selling for on Yachtworld.com to give
you a better idea of what to insure her for. Also get a quote from
Progressive. I had insurance through BoatUS for decades, but a quote from
Progressive was less than half of what GEICO wanted. Don't skimp on
liability insura
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