I had State Farm. They had the best price for my boat at the time when I
shopped them, Boat US, and Progressive. They sent my renewal and the premium
was over 30% higher than the previous year with zero claims. They also had a
nice, glossy, brochure explaining the reason for their large increase in Florida.

I resubmitted my applications to Boat US and Progressive and Progressive came in
lower than last year's premium with State Farm. I called them to make sure
the limits were comparable and asked them why they were so much cheaper that the
last time I shopped them. They said that they had expanded their "specialty"
insurance coverages (boats, motorcycles, and even Segways!).

I ended up switching and increasing my liability limits at the same time. I
still saved over $300 from State Farms's new rate. Boat US came in much higher
than Progressive but a tiny bit lower than State Farm.

Dan


jps wrote:

My boat policy is about to renew and I thought I'd do a little shopping
based on posts I've read about Boat US being a reasonable alternative.

Everything looked pretty much the same (including cost of coverage)
until I got to "uninsured boater" line. My present policy assumes
$50,000 and the Boat US is $300,000. I assume that if my vessel is a
total loss with someone else at fault, the max. payout with my present
policy is $50K (and the boat is worth significantly more).

I'm mystified why my broker would write the policy this way and
disappointed that I didn't see this previously.

Anyone have any insight? Is my broker shortsighted or what?

jps