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post #11 of 16 Old 05-05-2007
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Met allows your boat to be included on your homeowners policy. It is in the basic language so there is no added cost. The boat has to be 25' or less. I had a 23 at the time so I lucked out.
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post #12 of 16 Old 05-16-2007
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United Marine Underwriters gave me a great rate on a 23' ComPac that is 20+ years old
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post #13 of 16 Old 05-16-2007
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Careful

I read a story about a sailboat that was run down at anchor in daylight by a commercial fishing boat. Both boats were insured by the same company which should have sped the process.

Instead, the investigator who was assigned to the sailboat collected all of the information he said he needed to represent them, then was switched with the investigator on the fishing boat. Then, the insurance company had everything they needed to counter claim and pull a dirty deal.

As I recall, it took two years to collect the money and repair the damage. I suspect that the insurance company was hoping that the sailboat would drop the claim just to get their boat back in the water again.

Because of this, I only trust BoatUS with insurance. Their reputation matters too much to play dirty.
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post #14 of 16 Old 05-16-2007
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Have spent alot of time in the past year on this issue. First what area do you want insurance? Fla is crazy and the Chesapeake is easy. If you are planning a trip offshore, make sure the area is covered. Will you be in a Huricanne zone? If so during what time of year.
My previous insurance was with Nationwide and I was very happy, cheaper than Boat US with fewer restrictions, less than 1% of value but they would not do the Bahamas so I switched to Zurich, 1% of value with 2k deductable and significant restrictions as to where and when.
I suggest checking with others at marina and getting quotes from your homeowners/car ins companies and Boat US, make them compete for it.
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post #15 of 16 Old 05-16-2007
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check with IMSI in Annapolis- great rates and service.
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post #16 of 16 Old 05-16-2007
... a logical conclusion
 
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It seems that we are more fortunate here in Canada, being generally less litigious, and in a much less hurricane-prone area.

My current insurance rate is just under 0.5%, with a 1% deductible on hull and machinery, $250 on electronics, $150 on everything else. It includes $2M liability and $2M uninsured boaters. It is through Dolphin in Vancouver and is with LLoyds of London.

Cheers,
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