Boat U.S. Insurance anyone?
Jim Woodard
any experience with claims on the policy? I tried my own insurance
company but they do not offer uninsured boater protection, whereas Boat
U.S. does have that....Don't know if I need it, as my company said they
would pay for any claims. Though my company has all my other insurance,
I just am leery about dealing with a company that does not specialize or
have much experience in boating claims....come to think of it, I'm not
sure my agent would be writing the policy with Farmers Insurance, but
with some other company he deals with.
Anyway, back to my original question? Any
comments/recommendations/negatives on Boat U.S. Marine Insurance????
Thanks in advance.
Andrew
Farm. I had one towing incident but since they sub it out to a different
company in Chicago (even though it has their name) the operator couldn't
give me a time for the boats arrival - just sometime in the next hour or so
- not so nice considering my bravo blew and a storm was brewing. Lucky for
me, I flagged down a Chicago police patrol boat that were so plentiful last
year after 9.11 and the cops towed me for free. Other than that, all I can
say was for the cost of coverage, they give you the most bang for the buck.
-andrew
in article 3C61A5C0...@att.net, Jim Woodard at jimwo...@att.net
wrote on 2/6/02 3:48 PM:
st...@none_of_your.bus
a total loss. They
were very very slow in processing my claims. Had to call the adjusters all the
time to get my
entire loss out of them.
Keith
thinking of going cruising.
Karl Denninger wrote:
>
> Boat/US is underwritten by CNA.
>
> Arguably the best insurance company in the US.
>
> The surveyors I know who have done damage surveys for them have all said
> that they are the class act - often out there with the check as soon as the
> price of the remedy is determined.
>
> --
> --
> Karl Denninger (ka...@denninger.net) Internet Consultant & Kids Rights Activist
> http://www.denninger.net Cost-effective Consulting
> http://childrens-justice.org SIGN THE UPREPA PETITION TODAY
>
> In article <3C61A5C0...@att.net>,
--
__________________
Keith
Destroy the Borg? Upload Windows 95 !
Larry Weiss
Larry Weiss
"...Ever After!"
"a little after..."
Larry Weiss
been reasonable and they even quickly paid a claim that another company
might have given me a hard time with. The little-known downside with the
policy is that they will not cover an accident if the boat is being operated
by someone who does not have a valid motor vehicle drivers license. That
means if 15 year old daughter has an accident they won't pay and they will
invalidate my policy because, even though she has taken the New York State
Young Boaters Course and has a certificate to operate a power boat, she does
not yet drive a car, . That's why our 19 foot Bayliner is insured with the
Unites States Power Squadron insurance plan, which I believe has a better
policy. It requires joining the Squadron, which is a good idea on its own
anyway.
Larry Weiss
"...Ever After!"
"a little after..."
Keith
I found out they wouldn't cover "the Carribbean." Didn't know they would
do partial.
A note: If you DO plan to go cruising, be aware that the companies you
want to be with usually want a year's experience with you before they
will insure you for those long voyages. Don't wait 'till the last minute
or you'll be in a higher risk (read $$$) category.
Karl Denninger wrote:
>
> Funny, my cruising limits are defined as "US Gulf and Atlantic Coastal
> Water and the Bahamas to Turk Island"
>
> So yes, a larger part of the Caribbean is offlimits, but at least part of
> the Bahamas is perfectly fine...
>
> (I agree that if you need a "cruising" policy they're not the right
> company.....0
>
> --
> --
> Karl Denninger (ka...@denninger.net) Internet Consultant & Kids Rights Activist
> http://www.denninger.net Cost-effective Consulting
> http://childrens-justice.org SIGN THE UPREPA PETITION TODAY
>
> In article <24D8BCF87CE659CC.2A17DC19...@lp.airnews.net>,
--
__________________
Keith
How old would you be if you didn't know how old you was? - Satchel Page
Jim Woodard
and rivers....but I will look into the Power Squadron plan also...
I appreciate all the comments.
Chuck Gould
> Had them on my last boat, they suck. Had two claims one for the lower unit and
> a total loss. They
> were very very slow in processing my claims. Had to call the adjusters all the
> time to get my
> entire loss out of them.
The Boat US policies I know of are all "yacht" policies that will pay
a total loss at the insured value, rather than try to depreciate a
boat at almost the same monthly rate that would apply to a new car.
It's not surprising that it took a lot longer for you to collect for a
total loss claim than for a bad lower unit. A very significant
percentage of total loss claims are fraudulent,
(amazing how many of the boats that "mysteriously" sink have loan
balances far greater than market value and an owner that has been
desperately trying to sell). Most insurance companies would want to
take a long, careful look at a total loss.
The exception is for total losses during a catastrophic weather
incident, or
a fire that takes out several boats in a marina at once. In cases
where the cause is clear and there are a lot of boats involved, most
of the better insurance companies will have an adjuster on scene
within a day or so.
Chuck Gould
> They won't cover you outside the U.S., e.g. the Caribbean. FYI if you're
> thinking of going cruising.
Are you absolutely sure of this?
I know for a fact that the coverage is good in Canada, (cruise there
every year with this coverage).
My policy requires me to purchase a binder for navigation west of the
Strait of Juan de Fuca or north of Niggei Island (upper end of
Vancouver Island enroute to AK), but that makes more sense than to pay
for coverage every year that isn't
always needed. Binders are pretty inexpensive.
Most insurance companies in the NW will require a binder to cruise
down the W side of Vancouver Island. Some people decide to "self
insure" and save the chump change. Never understood that one, it makes
sense to prepare in advance for as many potential emergencies as
possible, and insurance is certainly part of such preparation.
Never looked into a binder for the Caribbean, (obviously), however.
JimDandy
> thinking of going cruising.
>
> Karl Denninger wrote:
> >
> > Boat/US is underwritten by CNA.
> >
> > Arguably the best insurance company in the US.
Had to comment on the above statement by Karl. It IS arguable. They
are not even RATED by A.M. Best! Now, when those in the know are
shopping for insurance, they check A.M. Best.
Calif Bill
Ensenada, MX and understand for an additional fee, they will cover to Cabo.
So maybe for more $$ they cover all teh Carribbean.
Bill
Keith wrote in message ...
Tamaroak
no troubles.
A big consideration is the concept of "agreed hull value." You and
Boat/US figure this out ahead of time using conventional tables, a
survey, etc. And that's what they pay if it sinks, is stolen, and so
forth. Some other non-marine companies figure out what your boat is
worth using these tables, depreciated values and you may not know what
you will get until it's gone. It could be a BIG difference.