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

It sounds like your broker was shortsighted. At least you caught it.

-W

"jps" wrote in message
...
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

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

I use State Farm myself. I have a "multi-multi" discount for autos,
homeowner's, business, and boat which make the overall package very
attractive. My boat's insurance is 145/mo for 125k + liability, lost
equipment, and weather / windstorm. (It does include 2 million flood
which crosses over to home.) and there is an "up to" 500k medical per
incident as well. My boat is valued at 195k. Perhaps you can save a
little by buying more.

Two Axioms for you:
1. Flares are like blessings, you can never have enough.
2. Better to be over insured then under insured.

Do all the math before making a decision. BTW, Boat US will drop you
like a hot rivet if you ever make a claim.

Regards,

Capt. Frank

http://www.home.earthlink.net/~aartworks

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

My boat is valued at 195k.

Say again?

In article et,
says...
I use State Farm myself. I have a "multi-multi" discount for autos,
homeowner's, business, and boat which make the overall package very
attractive. My boat's insurance is 145/mo for 125k + liability, lost
equipment, and weather / windstorm. (It does include 2 million flood
which crosses over to home.) and there is an "up to" 500k medical per
incident as well. My boat is valued at 195k. Perhaps you can save a
little by buying more.

Two Axioms for you:
1. Flares are like blessings, you can never have enough.
2. Better to be over insured then under insured.

Do all the math before making a decision. BTW, Boat US will drop you
like a hot rivet if you ever make a claim.

Regards,

Capt. Frank

Very good advice on over-insuring.

My house and cars are with Safeco but, IIRC, I don't think they write
policies for boats.

I'm currently with a smaller, totally marine oriented company in Seattle
that uses Lloyds. I've asked them to up the "uninsured" line item.
Everything else looked right...

jps

On Tue, 13 Jan 2004, 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?

yes, you're an asshole

Is my broker shortsighted or what?

no, you're an asshole, starting a normal thread to try and convince people
that you're not such an asshole (but you are)


jps

In article ,
says...
On Tue, 13 Jan 2004, 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?

yes, you're an asshole

Is my broker shortsighted or what?

no, you're an asshole, starting a normal thread to try and convince people
that you're not such an asshole (but you are)


Not on-topic enough for you ****wad?

Get a life.

jps wrote in message .. .
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?

"Uninsured Boater" coverage does not cover your boat. The hull value
is covered by "Boat and Boating Equipment Coverage", which the Boat US
policy equivalent to Collision and Comprehensive on your car. Just
like if you're hit in your car by an uninsured driver - it's your
collision coverage that repairs your car, not your unisured motorist
coverage.

"Uninsured Boater" covers those damages for which the uninsured boater
may be liable to you, except your boat itself. It would cover, for
example, medical expenses for you if the uninsured other guy was at
fault in a collision.

My two boats are insured as part of the house/car/personal liability
package, both boats are insured for full replacement value (new) and
about a zillion dollars liability and under-insured boater. The full
replacement value trick insures that I will at least get what I paid
for the boats without any deduction.


Sounds like perhaps you're with Encompass, formerly known as CNA?