[C320-list] Insurance

[Larry Frank]

I am thinking of changing insurance providers. Any comments regarding your
experience with State Farm would be appreciated - whether it's been good or
bad.

Thanks,

Larry

WindSwept C320 #246

[Jon Vez]

Larry,

Can't comment on State Farm, but I just went through this. I got three
excellent quotes that were far below what I was paying. I highly recommend
getting a quote from the company Orlando recommended a while back--don't
recall the name but they advertise in Mainsheet and know the Catalina's
well. They were extremely competitive, but in the end I went with another
company that I got from an insurance agent that I found--they did a terrific
job in either telling me what they couldn't beat and doing a lot of leg
work. I believe everyone uses the same 6 or 7 underwriters for marine
insurance anyway--I ended up using a company called Sampson Insurance and
dealt with a gentleman by the name of Warren Hayes. Paying 45% *less* than
last year! Good luck..

Regards,

Jon Vez
Solstice #582

[Irving Grunes]

John Vez
Please give us the full name, address (Street as well as Email) and phone
number of the Sampson Insurance agency you used.
Google has any number of insurance agents called "Sampson"
And Orlando, Please do the same for the agency you used as well.
We have been using Boat US and I don't know if we could do better.
Irv Grunes #851

[Irving Grunes]

Ouyr insurance responsible shareholder, just informed me Isle of Wight 2001
#851 uses Allstate with a premium of $578.
We are on the Chesapeake and use is restricted for Chesapeake only.

Still would like to know others insurance rates, and area restrictions, if
any, as I believe the rates are a function of the sailing location.

Irv Grunes #851
Sue Creek, Middle River, Chesapeake, Maryland

On Wed, Apr 16, 2008 at 7:49 AM, Jon Vez <jon...@comcast.net> wrote:

[Charles Greenwell]

I use St Farm. I am on the Chesapeake Bay. My coverage is not limited to the Bay. It includes Offshore coverage on the East Coast out to some predefined distance (I haven’t looked at it recently to see how far out it covers but it used to be 25 miles). It also includes routes to the Bahamas and Bermuda. The policy does allow club racing and it covers other items like my dinghy. The policy is not limited to the sailing season but is in force year round.

I have $1000 deductable and replacement cost for the boat ($100k). Additionally a small amount for Medical and towing.

Here is a link to their coverage:

HYPERLINK "http://www.statefarm.com/insurance/boat/boat.asp" http://www.statefarm.com/insurance/boat/boat.asp

Keep in mind, you must see an agent and every area is different.

My cost is $392 per year. In the 7 years I have had the insurance, it has only gone up $20.

To date, I have not made any claims so I cannot tell you how that will go. However, I have my Homeowners and Cars with St Farm and their claims service has been exceptional.

Hope this helps.

Randy
Le Bjou
#719

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[Jon Vez]

Irv,

Sampson Insurance: 800-585-1905
www.sampsonins.com

Warren Hayes: wha...@Sampsonins.com

For what it's worth, BoatUS was one of the highest quotes I received...good
luck

Regards,

Jon Vez

[Orland...@averydennison.com]

Mariner's General Insurance Group

The guy to talk to is Ed Arajo who is the ex-Director of Marketing at
Catalina..

Here's a link to their "quote' engine

http://www.marinersinsurance.com/quote.html

cuba libre 3

"Jon Vez"
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Larry,

Regards,

Jon Vez
Solstice #582

Thanks,

Larry

WindSwept C320 #246

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[Orland...@averydennison.com]

Irv,

I suspect with that low of a premium and it being Allstate, it is probable
an "Actual Cash Value" policy, it's not an "Agreed Value' policy, which is
what you want..

Actual Cash Value – in the event of
a total loss, the market value,
determined by age and condition of
the boat at the time of the loss.
Boating industry reference
materials (NADA Book, BUC Used
Boat Guide, ABOS Marine Blue Book)
are often used to determine market
value.


Agreed Value - determined and
agreed upon by both owner and
insurance underwriter at the time
the policy is purchased. The
BoatU.S. Yacht and Bass Boat
policies are Agreed Value policies.





In case of loss of boat, Cas Value
only pays for the depreciated price
of the boat whereas Agreed Value is
just that, you and the insurance
company agree on a total for the
boat and that's what they pay off


Yes, the premium is higher but the
peace of mind is worth it...

"Irving Grunes"
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[Orland...@averydennison.com]

Folks,

Make sure you do an apples-for-apples comparison, price alone should not
be the reason for choosing one company over another..companies like
Allstate, State Farm, etc are not the best providers of MARINE
insurance....I have done a lot of research on this and take it from me,
scrutinize those policies and you'll see a big difference between an
Allstate and a Mariner's General policy for example

If you have a Cash Value policy and your 10 year old boat sinks, they will
pay off the DEPRECIATED value---you'll be getting back the money of a used
boat--good luck on buying a new boat with that...Agree Value--you agree on
$100K, your boat sinks in 10 years and that's what they pay you, $100K

"Jon Vez"
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Irv,

Sampson Insurance: 800-585-1905
www.sampsonins.com

Warren Hayes: wha...@Sampsonins.com

Regards,

Jon Vez

[David Nolte]

Thanks Orlando, great info. That reinforces advice I had received
previously about using a marine underwriter. This discussion is very
timely for me, I got the dreaded letter from my insurance company
yesterday that I need to do a haul-out survey before they renew next
year (and fix most of the items the survey identifies!)

My policy is a Helmsman Yacht policy written by Markel American
Insurance Company, represented locally (Annapolis) by International
Marine Insurance Services.

I currently pay $630 per year, of which $471 is for the boat.

My "Replacement Cost" is capped by my 'limit of insurance', which for
me is currently $65,000. I've got an old boat.

Looks like I need to do some thinking and some shopping.

David Nolte
Beach House #4

[Orland...@averydennison.com]

David,

Interestingly enough, my insurance I bought from Mariner's was also
underwritten by Markel

Although my boat will be 2 years old this August, they still insured it
for my original purchase price (I had my dealer install everything I
wanted and he rolled it into one bill), so I didn't lose any depreciated
value from Aug 2006 to when they insured it January 24, 2008.

Like I said though, read the fine print and shop around--with MARINE
underwriters

cuba libre 3

David Nolte
<dcn...@mac.com
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04/16/2008 09:31

[Robert Seastream]

Boat US insures our 2002 for $952 at an agreed value of $88K with a 10
percent deductible. We could probably do a bit better.
That could've included our dinghy but we opted to insure that
separately. Doing so gave the dinghy policy a flat $100 deductible.
The flat deductible in handy when our $2K 8HP Honda outboard got
stolen. I'd have hated to see the 10 percent ($880) deductible
applied in that case.

Bob Seastream
Intuition # 906

On Apr 16, 2008, at 12:38 PM, Orland...@AveryDennison.com wrote:

> David,
>
> Interestingly enough, my insurance I bought from Mariner's was also
> underwritten by Markel
>
> Although my boat will be 2 years old this August, they still insured
> it
> for my original purchase price (I had my dealer install everything I
> wanted and he rolled it into one bill), so I didn't lose any
> depreciated
> value from Aug 2006 to when they insured it January 24, 2008.
>
>
> Like I said though, read the fine print and shop around--with MARINE
> underwriters
>
> cuba libre 3
>
>
>
> David Nolte
> <dcn...@mac.com
>> To
> Sent by: C320...@Catalina320.com

[Orland...@averydennison.com]

Your Honda 8hp was $2K?!

Wow, that is one expensive engine...I bought an electric start Tohatsu
4-stroke 9.8hp for $1,400...

Robert Seastream
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Re: [C320-list] Insurance

04/16/2008 02:25
PM

[Robert Seastream]

The Tohatsu 9.8 short (15") shaft, manual start was $1699 at
onlineoutboards.com last time (now) I checked. Same as two years ago.
You seem to have gotten an exceptional deal. Mind you, I bought the
Honda from the marina, and expected to pay a premium.
I didn't want to bother with a crated motor shipped to me with some
assembly required. I wanted it on the dink and done.

On Apr 16, 2008, at 5:29 PM, Orland...@AveryDennison.com wrote:

> Your Honda 8hp was $2K?!
>
> Wow, that is one expensive engine...I bought an electric start Tohatsu
> 4-stroke 9.8hp for $1,400...
>
>
>
> Robert Seastream
> <robert.seastrea
>
> m...@comcast.net> To
> Sent by: C320...@Catalina320.com

[Orland...@averydennison.com]

I bought thru Porta-Bote (you would be surprised on the great outboard
prices they have) in Northern Cal...what I did was, I had it sent to my
co-skipper's sister's address in Las Vegas--that way I paid no sales tax
and they shipped for free--then her sister brought it during one of her
visits in her SUV...came in a big box, nothing to assemble...just lots of
styrofoam remnants :)

I gave in to the co-skipper and got the electric start model, press a
button is all, no rope pulling...all it requires is a small 12V motorcycle
battery, it's got a trickle charger to keep it charged up

Robert Seastream
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Re: [C320-list] Insurance

04/16/2008 02:51

[Jon Vez]

Orlando is absolutely correct. You have to make sure you are getting an
Agreed Value underwritten by a Marine Underwriter--which is what I did.
David, the reason I started shopping is because I got the same letter and
refused to get a survey on a boat that is less than 10 years old...

[Robert Seastream]

Ah. Here's what I just got from that website. Must be a few years
since you bought yours. Still good prices, though.

Dear Robert,

Thank you for your inquiry regarding your new outboard motor.

We are pleased to offer you a FACTORY DIRECT DISCOUNT price!!

Your price for the brand new Nissan 9.8 hp 4 stroke short shaft
(NSF9.8A31) is currently - $1750.00, no tax, FREE SHIPPING!!
Your price for the brand new Nissan 9.8 hp 4 stroke electric start
short shaft (NSF9.8A3EF1) is currently - $1950.00, no tax, FREE
SHIPPING!!
Your price for the brand new Tohatsu 9.8 hp 4 stroke short shaft
(MFS9.8A3S) is currently - $1700.00, no tax, FREE SHIPPING!!
Your price for the brand new Tohatsu 9.8 hp 4 stroke electric start
short shaft (MFS9.8A3EFS) is currently - $1900.00, no tax, FREE
SHIPPING!!

WE SHIP FACTORY DIRECT IN NORTH AMERICA and CANADA!!
PORTA-BOTE GUARANTEE: All of our prices are delivered prices, no
hidden shipping costs, no sales tax outside California.

To order, please call Paul or Kristina toll free at 1-800-227-8882. If
the phones are tied up, leave a message with your name and phone
number and we'll get back to you right away!

CLICK HERE to see additional outboards available from Porta-Bote
International.

We look forward to providing you quality service.

Sincerely,
Paul Mintz, Vice President
Kristina Gildersleeve, National Sales Manager
Porta-Bote International
800-227-8882

[Orland...@averydennison.com]

I bought mine Jan 2007....

Keep in mind that a Nissan engine is a Tohatsu with a different cover is all so that cover is an extra $50! :)
----------------------------------
Regards,
OD

Sent from my BlackBerry Wireless Handheld

----- Original Message -----
From: Robert Seastream [robert.s...@comcast.net]
Sent: 04/16/2008 03:56 PM
To: C320...@Catalina320.com
Subject: Re: [C320-list] Insurance

Dear Robert,

[Orland...@averydennison.com]

Bob,

In reviewing my invoice, it was $1,600 when I bought it...

cuba libre 3

Robert Seastream
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04/16/2008 03:56
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Please respond
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Dear Robert,