Fighterpilot
Senior Member
- Joined
- Apr 17, 2011
- Messages
- 380
Time to renew on our Californian 34LRC here in Florida. Presently with Markel with named storm excluded, but at a low premium. $788.00 Everything eles on their policy is good including oil spill up to 854,000 dollars but they will not eliminate the named storm exclusion. .
I asked for quotes from BoatUS, IMIS, and Charter Lakes. Charter Lakes came back with Progressive and Foremost. Progressive way to high. Foremost a $1000 less than Progressive and $600 less than BoatUS, but their coverage leaves something to be desired. Oil spill, etc is only up to limits of their liability number which was 300,000--far less than the 850K offered by BoatUS, and Markel. Foremost (Charter Lakes) also wants me to hire a surveyor to check off on our corrections to the survey list when we bought the boat. All but three items have been corrected and they are planned as a winter project. None-the-less got to have them done and a surveyor to sign off. BoatUS accepted my efforts on the survey items. No surveyor needed. Haven't heard from IMIS. They seem to be dragging their feet.
Considering Progressive's cost and Foremost lesser coverage and hard ball with the survey items I have told Charter Lake, thanks but I will pass.
BoatUS plan and premium in the middle of the responses thus far but they are willing to work with me.
IMIS still an unknown.
Now need your thoughts. I can stay with Markel at $788 and buy a storm haul out and block for another $1000--(if not used, get a haul out in November or December free) or-go with BoatUS for $2000 and get named storm coverage with high deductible for named storm loss. We have to figure out what we do with the boat with storm approaching. We take the shrimp boat up river and would probably do the same with big boat, but not as good as haulout to high ground. Getting a slot for haulout with named storm approaching is probably impossible unless you bought the "hurricane plan" from the Marina before the season starts or they sell out their plan, so would take up river.
Your thoughts on either approach or maybe some other we didn't think of.
Also what are your thoughts on BoatUS insurance? Since I don't have any other company in the mix they are the next in line. If they are "bad" that could swing the vote to stay with Markel.
Thanks
I asked for quotes from BoatUS, IMIS, and Charter Lakes. Charter Lakes came back with Progressive and Foremost. Progressive way to high. Foremost a $1000 less than Progressive and $600 less than BoatUS, but their coverage leaves something to be desired. Oil spill, etc is only up to limits of their liability number which was 300,000--far less than the 850K offered by BoatUS, and Markel. Foremost (Charter Lakes) also wants me to hire a surveyor to check off on our corrections to the survey list when we bought the boat. All but three items have been corrected and they are planned as a winter project. None-the-less got to have them done and a surveyor to sign off. BoatUS accepted my efforts on the survey items. No surveyor needed. Haven't heard from IMIS. They seem to be dragging their feet.
Considering Progressive's cost and Foremost lesser coverage and hard ball with the survey items I have told Charter Lake, thanks but I will pass.
BoatUS plan and premium in the middle of the responses thus far but they are willing to work with me.
IMIS still an unknown.
Now need your thoughts. I can stay with Markel at $788 and buy a storm haul out and block for another $1000--(if not used, get a haul out in November or December free) or-go with BoatUS for $2000 and get named storm coverage with high deductible for named storm loss. We have to figure out what we do with the boat with storm approaching. We take the shrimp boat up river and would probably do the same with big boat, but not as good as haulout to high ground. Getting a slot for haulout with named storm approaching is probably impossible unless you bought the "hurricane plan" from the Marina before the season starts or they sell out their plan, so would take up river.
Your thoughts on either approach or maybe some other we didn't think of.
Also what are your thoughts on BoatUS insurance? Since I don't have any other company in the mix they are the next in line. If they are "bad" that could swing the vote to stay with Markel.
Thanks