On Tue, 13 Jan 2004 16:20:42 -0800, 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?

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.

The only thing I can say about BoatUS is that I know somebody who
placed a claim, non-total, and BoatUS dropped him like a hot potato.

Later,

Tom
S. Woodstock, CT
----------
"My rod and my reel - they comfort me."

St. Pete, 12 Lb. Test

On Wed, 14 Jan 2004 04:27:50 -0700, "RG" wrote:


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?

Used to be and they wrote a terrific policy - affordable too. The
current policies are a custom job done by an attorney for personal and
business reasons.

Later,

Tom
S. Woodstock, CT
----------
"My rod and my reel - they comfort me."

St. Pete, 12 Lb. Test

I have had good experience with Boat US. My last policy had no coverage for
non boating personal items. This was an add on. Cost me a $700 video camera
that went over the side, not covered!!

Tom Foppiano
Atlantic Beach, Fla.
"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

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

Used to be and they wrote a terrific policy - affordable too. The
current policies are a custom job done by an attorney for personal and
business reasons.


I've been with CNA/Encompass for 13 years, using their USP Elite product,
and really like the concept of a single policy covering all property and
casualty risks, including excess liability. Very well written coverage.
Sounds like you've taken that concept even further with your custom package.
Good move.

On Wed, 14 Jan 2004 07:22:09 -0700, "RG" wrote:


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

Used to be and they wrote a terrific policy - affordable too. The
current policies are a custom job done by an attorney for personal and
business reasons.


I've been with CNA/Encompass for 13 years, using their USP Elite product,
and really like the concept of a single policy covering all property and
casualty risks, including excess liability. Very well written coverage.
Sounds like you've taken that concept even further with your custom package.
Good move.

Didn't have a lot of choice what with insuring the kids cars, my
boats, some investment real estate, yada, yada, yada. :)

I will say this - CNA was a great company to work with - had a couple
of claims and they didn't even burp - no cancellation, no nothing,.
adjusters very cooperative and knowledgable - couldn't ask for better
service.

Later,

Tom
S. Woodstock, CT
----------
"My rod and my reel - they comfort me."

St. Pete, 12 Lb. Test

I will say this - CNA was a great company to work with - had a couple
of claims and they didn't even burp - no cancellation, no nothing,.
adjusters very cooperative and knowledgable - couldn't ask for better
service.


My experience as well. Call the claims dept., tell them the problem, fax
them a quote, a check's in the mail the next day. Simply outstanding
customer service. Always felt I was paying a premium price for a premium
product, which is the way I prefer to do things. I've never regretted
buying quality in any purchase ever made. Frequently have regretted
purchases made based on price alone.

In article ,
says...
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.

Okay, I understand but the question remains. Why would my broker write
the policy for $50K "uninsured boater?" If someone were to get hurt,
$50K can get eaten up pretty fast...

In article ,
says...
I have had good experience with Boat US. My last policy had no coverage for
non boating personal items. This was an add on. Cost me a $700 video camera
that went over the side, not covered!!

Those sorts of things are usually covered by homeowners policies if you
aren't covered by the boat policy.

I placed a claim with Boat/US was completely satisfied with the service and
the speed they completed the inspection and paid the claim. The only thing
I lost by filing the claim is the 10% deduction for not filing a claim
within the last year.

My claim was due to hurricane damage not due to operator error, so it is
quiet possible they would have dropped me if they thought I was a bad risk.
Since I also use Geico who has a reputation for dropping high risk people, I
like the idea of doing business with those who keep fees low by only
insuring low risk individuals.


"Short Wave Sportfishing" wrote in message
...
On Tue, 13 Jan 2004 16:20:42 -0800, 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?

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.

The only thing I can say about BoatUS is that I know somebody who
placed a claim, non-total, and BoatUS dropped him like a hot potato.

Later,

Tom
S. Woodstock, CT
----------
"My rod and my reel - they comfort me."

St. Pete, 12 Lb. Test

"jps" wrote in message
Okay, I understand but the question remains. Why would my broker write
the policy for $50K "uninsured boater?" If someone were to get hurt,
$50K can get eaten up pretty fast...

The reason a broker would write that policy is it allowed him to give you a
low price, so you would buy the policy from him, allowing him to make his
commission. He did not do his job, and I would look for another insurance
agent and company.