Insurance early warning?
Dave wrote:
On 11 Apr 2006 12:45:45 -0700, "Bob" said:
Boat: 39.3', 1979, solid glass hull
Insured Valued: $69,000
Enviornmetal clean up $500,000
Liability: $500,000
Medical: $25,000 per incident
Area of operation: PNW, Out about 100 miles.
Premium/year: $304
That sounds like a helluva deal. Practical sailor just ran a comparison, but
I don't think they showed anything near that low. Rates seem to go up as you
go south, both because of hurricanes and because of more months in the
water.
Who's your carrier?
No kidding, that sounds low.
In BC, Canada:
40' fiberglass catamaran, 1987
Insured value: $55K
Liability: $2M
Area: BC Coast
Premium: 774
Are you sure you have an agreed value policy, and not an "Actual Cash
Value" policy?
Evan Gatehouse
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