I've always had "agreed value" with Boat/US. They have several types of
policy - for larger boats, and newer boats, you can get an agreed value,
all risks yacht policy with few, if any, items depreciated. But you can
also get the "Basic" coverage, where everything is depreciated
(sometimes down to zero) and the total loss value is the "market value,"
not replacement.

The are a few variations, such as bass boat and pwc coverage, plus a
high end version that reduces the deductible in some cases. But the
Yacht policy has been available for at least the last 15 years that I
know of.

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

Most of the Boat/US complaints I've seen in this forum are from people
who bought the basic coverage and then discovered that 20 year old
rigging and outboards aren't really covered. Everyone I know who has
the All Risk, Agreed Value Yacht Policy has been quite satisfied. I've
never had a claim, but my cousins, who had their Sabre 38 helicoptered
out of a swamp after Hurricane Bob were ecstatic. So were friends who
were t-boned by a port tack Soling in Boston Harbor, probably from the
same club Roger was talking about the other day. (Maybe it *was* Roger
....)

The t-bone incident had an surprising aspect: because my friends
admitted they didn't see the other boat, they were assessed 24% of the
blame - the port/starboard rule only applies "when in sight" and thus
was somewhat voided because of the lack of a proper lookout. My friends
had to pay 24% of both deductibles, the other boat paid the remainder.




Doug Dotson wrote:
Last I checked out Boat US their policies were really oriented towards
smaller boats. Not an Agreed Value policy so they depreciated
many repairs. I've heard they recently they have taken steps to
cater to larger boats. That's good, but when my rates went up
2 years ago, their quote was quite a bit higher than NMU. Worth
looking at though.

Doug
s/v Callista

"Gogarty" wrote in message
...

In article ,
says...


Thanks Doug
I will surely give them a try. I'm like you, never had a claim!


Don't know if you tried Boat US, but I think very highly of them. We had a
fire two weeks after we took our policy with Boat US. They paid for the
repairs without quibble and our premium hardly increased at all.