On Wed, 03 Nov 2004 02:17:39 GMT, akheel
wrote:

Short Wave Sportfishing wrote in
:

~~ snippage ~~

They absolutely have the right to depreciate, that's not the problem. The
amount of depreciation is not at their discretion, its the amount of actual
depreciation, which in this context, simply means the percent used of the
total useful life of the part in question. They can estimate the
depreciation based on age, and if I accept that fine. If I don't, they
have to investigate, perhaps inspect, and determine the actual amount of
depreciation. That's all I want, because I think in my particular case,
the depreciation estimate they made, based on a chart they have, is very in
accurate.

Seems fair to me. Then again, I'm not an adjuster. :)

3 - Of all the marine insurance companies I've heard about or
discussed with others, BoatUS is probably one of the best. One of the
all time losers is Progressive (two cases of which I have personal
knowledge).

I can only say I had a claim with under an Auto Club policy I had, and they
were much easier to deal with. Bear in mind, we're talking about a little
18 foot I/O runabout. Things might be different if I was insuring an
actual yacht with hundreds of thousands of dollars at stake. Maybe it pays
to go with marine experts in those cases, but when it comes to relatively
cheap weekend recreational boats I've had better luck with my local auto
policy companies.

I have a custom policy written against my house insurance for my three
boats. All are full replacement value which we negotiate every two
years. I have a $1,500, $500 and $250 deductible respectively. Works
out much better this way.

So far I've had one claim over a bizillion years with this same major
company and I took part of the hit because it was my fault - I whacked
a piling and needed some fiberglass repair.

Later,

Tom

"Beware the one legged man in a butt
kicking contest - he is there for a
reason."

Wun Hung Lo - date unknown