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 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

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

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.

jps wrote in message . ..
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.

The only trouble with that, is the fact that if you have a reasonable
premium, then the deductible is usually higher than the loss!! Also,
the way the market is today, one claim, and they cancel you, and when
you are cancelled because of a claim, it is pure hell getting another
policy.

"jps" wrote in message
...


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 don't think that is correct, unless you are only getting liability
coverage.

You want to be covered for a large amount of liability, regardless of the
size or value of your boat. I was witness to a 18 foot runabout causing
millions of dollars in damage (it caught fire, drifted into a dock of very
expensive boats).

Depending on the value of your boat (and perhaps the bank) you may elect for
insurance that will cover any damage to your boat, regardless of the nature
of the damage. It could be an accident where you were at fault, storm
damage, theft, etc. This coverage generally wants to be for the true value
of the boat.

Then the insurance companies tend to throw other line items in there. For
example, my BOAT US policy contains:

"Fuel and other Spill Liabilty": This is becoming an important item as the
law enforcement agencies are starting to get tough on spills. I have heard
tales of some very large fines for relative minor fuel spills.

"Medical Payments": if someone gets hurt on your boat (slips and falls)
then this will provide some amount of coverage. If everyone who is likely
to ever be aboard your boat has their own insurance, you can skip this or
make it small to cover their deductable or co-pay amounts.

"Personal effects": if your boat sinks, this covers all the items you had
aboard.

Uninsured Boater: if someone else causes an accident who does not have
insurance, and there are expenses incurred that are not covered by
everything else, then this will kick in. It might pay additional to
medical, personal effects, fuel spills, etc.

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

Before you blame your broker, check and make sure what Uninsured Boater
means to them. Perhaps your broker was really doing you a favor by not
providing double coverage.


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

No, I think your broker was doing it right. I am sure if you asked for more
they would gladly provide it, but it may be redundant coverage.

Rod McInnis