"Jeff Morris" wrote in message
...
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.

Have their rates come down a bit? Just as a reference point, any idea
what $100, 000 would cost these days? Just for grins I'll give them a
call.

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.

You've got to wonder where values like 24% come from.



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.