Yes, I am quite happy with it. As a matter of fact, I was notified by
Boat US this morning that they are RAISING the agreed value on it,
because it is in unusually good condition.

Bwahahahaa! Boat insurance for suckers! Seriously, Bill...they are the worst,
unless you have a total loss which they can't fight.
Agreed value on Alien is 36K. Her original survey before we actually got her
together was 32K.
Dream on about real boats, Billy Jane. We're getting a C&C 34XL!!!

RB

As a matter of fact, I was notified by
Boat US this morning that they are RAISING the agreed value on it,

To what? 18K???

RB

So why is it that every time this issue comes up (usually on rec.boats.cruising) that the
unanimous opinion is the Boat/US is good insurance. I've never had a claim, but those of
friends have been handled quickly and efficiently. My cousin had their Sabre airlifted
out of a swamp - it made the cover of the catalog!

You're turning into jaxie - bad mouthing everyone just for the sake of a troll!


"Bobsprit" wrote in message
...
Yes, I am quite happy with it. As a matter of fact, I was notified by
Boat US this morning that they are RAISING the agreed value on it,
because it is in unusually good condition.

Bwahahahaa! Boat insurance for suckers! Seriously, Bill...they are the worst,
unless you have a total loss which they can't fight.
Agreed value on Alien is 36K. Her original survey before we actually got her
together was 32K.
Dream on about real boats, Billy Jane. We're getting a C&C 34XL!!!

RB

So why is it that every time this issue comes up (usually on
rec.boats.cruising) that the
unanimous opinion is the Boat/US is good insurance.

Jeff, if you're serious about this, e-mail me off list and I'll explain how
BoatUS depreciates gear for claims worse than any other insurance co. For
instance, if you lose your mast, BoatUS won't pay for it unless it's less than
7-10 years old. This happened to the fellow who bought my friends Typhoon after
a powerboat hit it. It also happened to my friend with a Tartan 33. They are
the worst unless you lose the boat entirely.

RB

So you're saying that your friend didn't pay the modest extra charge for the "Depreciation
Waiver." My insurance says:

"We will pay the reasonable cost of repair or replacement of the damaged item at the time
of loss without deduction for depreciation."

If you choose not to repair, they will only pay the depreciated value.

Later they add: "Depreciation Waiver will not apply to boats after the fifteenth year from
the time of manufacture."

As far as I know, depreciation is standard with all boat insurance. Boat/US, however
offers the waiver as part of the "premier" endorsement, which adds a variety of useful
things, like small deductibles for electronics and dinghy theft,


"Bobsprit" wrote in message
...
So why is it that every time this issue comes up (usually on
rec.boats.cruising) that the
unanimous opinion is the Boat/US is good insurance.

Jeff, if you're serious about this, e-mail me off list and I'll explain how
BoatUS depreciates gear for claims worse than any other insurance co. For
instance, if you lose your mast, BoatUS won't pay for it unless it's less than
7-10 years old. This happened to the fellow who bought my friends Typhoon after
a powerboat hit it. It also happened to my friend with a Tartan 33. They are
the worst unless you lose the boat entirely.

RB

Later they add: "Depreciation Waiver will not apply to boats after the
fifteenth year from
the time of manufacture."

The above does not apply to my current policy through Traveler Yacht Insurace,
which is costing me 120 dollars less than the Boat US policy I had on Ghost. I
know too many people who were burned by BoatUS or at the very least were
treated like criminals after they suffered damage that was not their fault in
any way. There's a Hunter 40 at my yard that was in a long dispute with BoatUS
after she suffered storm damage. BoatUS tried to claim that some damage could
not be attributed to the storm directly and so on. Anything to drag out the
situation and lower the settlement in their favor. Same deal on an Alberg 30 at
Morgan's Marina. Too many rotten stories about BoatUS. No one I know uses them
anymore.
No doubt some people have had good luck with them, just no one I've ever met.
Travelers insurance was recomended to me by several friends at yards who do
repairs. If West Marine took over the operation that's still another reason to
go with a more profesional outfit.
I like the fact that the agent knew what My boat was right down to the issues
she might have. So did their approved surveyor. Not so with BoatUS.

RB

Of course, I had to read further to make sure. As near as I can tell even without the
"premier endorsement" my mast would be covered in full. Canvas and outboards depreciate
after 5 years, "Internal machinery" after 10. Rigging was not mentioned and is therefore
covered fully under an "all risks" policy.

Boat/US does offer a Basic, No Frills policy where they say up front that everything is
depreciated. Sounds like RB's friends gambled and lost.

http://www.boatus.com/insurance/policy.htm




"Jeff Morris" jeffmo@NoSpam-sv-lokiDOTcom wrote in message
...
So you're saying that your friend didn't pay the modest extra charge for the
"Depreciation
Waiver." My insurance says:

"We will pay the reasonable cost of repair or replacement of the damaged item at the
time
of loss without deduction for depreciation."

If you choose not to repair, they will only pay the depreciated value.

Later they add: "Depreciation Waiver will not apply to boats after the fifteenth year
from
the time of manufacture."

As far as I know, depreciation is standard with all boat insurance. Boat/US, however
offers the waiver as part of the "premier" endorsement, which adds a variety of useful
things, like small deductibles for electronics and dinghy theft,


"Bobsprit" wrote in message
...
So why is it that every time this issue comes up (usually on
rec.boats.cruising) that the
unanimous opinion is the Boat/US is good insurance.

Jeff, if you're serious about this, e-mail me off list and I'll explain how
BoatUS depreciates gear for claims worse than any other insurance co. For
instance, if you lose your mast, BoatUS won't pay for it unless it's less than
7-10 years old. This happened to the fellow who bought my friends Typhoon after
a powerboat hit it. It also happened to my friend with a Tartan 33. They are
the worst unless you lose the boat entirely.

RB