insurance premium reality check
Moderator: Jim Walsh
- Megunticook
- Posts: 350
- Joined: Sep 2nd, '12, 17:59
- Location: Cape Dory Typhoon Senior #11
insurance premium reality check
My TySenior's policy is up for renewal--$288 if paid upfront, $15K replacement value, no deductible except for electronics ($500), trailer ($250), and "personal effects" ($1K).
How does this compare with what others are paying? Seem like a reasonable premium?
Thanks.
How does this compare with what others are paying? Seem like a reasonable premium?
Thanks.
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- Posts: 253
- Joined: Apr 2nd, '15, 15:39
- Location: Typhoon Weekender #1511 - Grand Traverse Bay
Re: insurance premium reality check
For a year of coverage? Seems reasonable to me, based on what I'm paying for a Weekender in the Great Lakes.
FYI, depending on the insurance company, where your boat is berthed could make a BIG difference in premium. Gulf Coast is almost certain to cost more than Maine, for example.
FYI, depending on the insurance company, where your boat is berthed could make a BIG difference in premium. Gulf Coast is almost certain to cost more than Maine, for example.
Re: insurance premium reality check
Hello, mine was about the same for last year.This year I added my triad trailer (2009) and premium went up about 80$. This is for 17000$ similar deductibles. I use Progressive and luckily have not needed to use it!!
- Megunticook
- Posts: 350
- Joined: Sep 2nd, '12, 17:59
- Location: Cape Dory Typhoon Senior #11
Re: insurance premium reality check
Thanks. I actually have a new Triad trailer coming soon, so I imagine that will raise this premium a bit. But good to know it's basically in-line with others.
Oddly it went down about $25 from last year...not sure why. 5 years without a claim, maybe?
Oddly it went down about $25 from last year...not sure why. 5 years without a claim, maybe?
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- Posts: 387
- Joined: Apr 9th, '14, 18:39
- Location: 1984 Cape Dory 22
Re: insurance premium reality check
That seems to be a great deal if it’s agreed to hull value without any depreciation.
What insurance company?
What insurance company?
______________
Rick
1984 CD22
Excuse auto-correct typos courtesy of iOS...or simply lazy typing
Rick
1984 CD22
Excuse auto-correct typos courtesy of iOS...or simply lazy typing
- Megunticook
- Posts: 350
- Joined: Sep 2nd, '12, 17:59
- Location: Cape Dory Typhoon Senior #11
Re: insurance premium reality check
Progressive
Re: insurance premium reality check
mine is $389 for $22K value on my 30 cutter with Amica.
Re: insurance premium reality check
I've been with Progressive for boat insurance since 1997. I have since moved both vehicles and added a motorcycle.Megunticook wrote:Progressive
It's great to call them, identify yourself and then be told that you're next in line for being a loyal customer!
-michael & Toni CDSOA #789
s/v KAYLA CD28 #318
2012 FLSTC Heritage Classic
Niceville FL
+30° 30' 24.60", -86° 26' 32.10"
"Just because it worked, doesn't mean it works." -me
No shirt + No shorts = No problem!
s/v KAYLA CD28 #318
2012 FLSTC Heritage Classic
Niceville FL
+30° 30' 24.60", -86° 26' 32.10"
"Just because it worked, doesn't mean it works." -me
No shirt + No shorts = No problem!
-
- Posts: 4367
- Joined: Feb 5th, '05, 17:25
- Location: s/v LIQUIDITY, CD28. We sail from Marina Bay on Boston Harbor. Try us on channel 9.
- Contact:
Re: insurance premium reality check
The premium on my 28 went down this year, too. I suspect it's an underwriting decision based on industry loss history and not that I've never filed a claim.
Fair winds, Neil
s/v LIQUIDITY
Cape Dory 28 #167
Boston, MA
CDSOA member #698
s/v LIQUIDITY
Cape Dory 28 #167
Boston, MA
CDSOA member #698
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- Posts: 17
- Joined: Jul 19th, '06, 22:00
- Location: 1985 Typhoon Senior "Dorus Mor" #1
Re: insurance premium reality check
$134 for my Typhoon Senior on the Chesapeake Bay with Boat US. Pretty much bare-bones policy that's acceptable for a slip rental w/o claims.. knock knock
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- Posts: 154
- Joined: Jun 22nd, '13, 06:37
- Location: 1972(?) Typhoon #378 "Phoenix"
Re: insurance premium reality check
Be sure to “read the fine print” of your policy - when I had a claim on my Typhoon this past season for some hurricane damage & repairs, BoatUS (Geico), informed me that the final payment would be reduced by 80% due to the boat being more than 20 years old! This policy/reduction aspect was never explained or mentioned during the underwriting process and came as quite a shock - be sure to ask your agent if they have any such “hidden” deductibles included in their policies... (btw, my policy also included a $500 deductible, so the original $2,800+/- estimate for damages ended up being reduced to a final settlement of just $60. - Unbelieveable!) Buyer beware..!