On Sat, 07 Feb 2004 13:07:24 GMT, "Capt Frank Hopkins"
wrote:


"Del Cecchi" wrote in message
...

"Capt Frank Hopkins" wrote in message
hlink.net...
Hi All,
[snip]

I did check with homeowner's policy. Because the boat is listed as a "second
home" on the taxes, the primary policy does not cover theft losses. A rather
sneaky catch 22. The chip is not covered because the adjuster chose not to
cover it. No amount of arguing could get her to change her mind. I was under
the impresssion that all the boat's equipment was 100% covered. It turns
out, only the actual boat and manufacturer installed equipment is 100%
covered. Owner installed "accessories" are covered at a pro-rata amount. The
insuranace company gets to determine the discount.

I did contact my attorney, who said that there is a claim there, but by the
time I pay his fees, court costs, and the 5 years it will take to chase the
claim through the courts, It will cost me more then the loss I could
recover.

I am looking for a new insurance company. The good hands developed stickey
fingers.

I had some GOOD NEIGHBORS until I had a claim over twenty years ago.

Of course, the STATEd amount on the FARM tractor I was restoring was
disputed in court, however I won the day. The bad news it actually
did take five years. The good news was that it cost my GOOD NEIGHBORS
four times what it would have if they had just paid up to begin with.

Not to mention the lucrative business they could have had insuring the
real estate and other stuff.

Later,

Tom
S. Woodstock, CT
----------

"To the fisherman born there is nothing
so provoking of curiosity as a fishing rod
in a case."

Roland Pertwee, "The River God" (1928)

"Capt Frank Hopkins" wrote in message
hlink.net...
Let me say this to ALL. I would rather not STATE the name in case I decide
to take the issue to court.

Hi Frank: It's a good idea to STATE the insurance company name because ALL
of us here in the group will know where not to place their insurance. I am
so sorry to hear of the loss that you have had over your insurance companies
lack of compassion. ALL STATEments made, by us, to you over this loss,
carry our sympathies to you.

James D. Carter, Captain GLCC
"The Boat"
Bayfield

On Sat, 07 Feb 2004 13:10:07 GMT, "Capt Frank Hopkins"
wrote:

Let me say this to ALL. I would rather not STATE the name in case I decide
to take the issue to court.

================================================

I had a similar experience on a sailboat in another STATE and would
never FARM out my business to them again. It's my opinion that none
of the "STATES" do a good job with boat insurance. Much better to go
with a marine "all risks", "stated value" policy in my opinion. At
least you'll get an adjustor who knows something about boats and their
equipment.

Thanks to this thread, I called my Nationwide agent. I asked if they offer
both Actual Cash Value and/or Replacement Cost coverage. They do NOT offer
Replacement Cost Coverage but offered to refer me to another company that
did. The bottom line is, most of us, even though we've been insuring things
for dozens of years, have no idea what coverage we really have or do not
have.

I had my neighbor's tree get hit by lightening a few years ago, It blew out
lots of electronic items in my summer cottage, even my computer/printer etc.
They covered most all of it up to the $4,000.00 or so limit of the policy. I
guess I was lucky, since the losses were pretty close to the policy limits.
RichG

Sorry to here about your loss...............

having grown up in a house with a father who has been in the insurance
business for 40+ years [commercial, not personal] and listening to his
stories in dealing with customers, it amazes me how little attention people
pay to their insurance needs and policies

The best advice Dad ever gave me was to find a good "agent" company should
be secondary. Find someone you feel you can trust and then take the time to
sit down and discuss in depth what your needs are, and as Capt. stated CHECK
YOUR POLICY.

Also, don't jump companies every year just because premiums are a couple of
bucks cheaper. I have been with the same co. / agent for 25 years and it
has paid off the last 3. My 19 year old son had 4 accidents in 3 years. 2
his fault, 2 not. Thanks to our long relationship resulting in "guaranteed
renewal status" I have not had to worry about being canceled and sent
looking at non-standard [expensive] companies.

just my 2 cents

bc

"Capt Frank Hopkins" wrote in message
hlink.net...
Hi All,
After a throughly incompetent investigation by the local constabulary, I
took the list of missing items to the insurance comapny. Here are the
results:

Generator: 2 years old, depreciated 60% Cost 1900.00
Paid 900.00
GPS 18 Months Old. depreciated 12% Cost 799.00
703.12
GPS Cartographic chip not covered Cost 125.00
Fishing Poles not covered Cost
90.00
Binox depreciated %75 Cost 299.00
99.60
tools not covered Cost
159.00
Magnagrille not covered Cost
179.00
Magnagrille mount not covered Cost 45.00
TV-DVD player Depreciated 75% Cost 399.00
99.75

Total Loss
3995.00 Insurance Payment 1802.47

Net Loss 2192.53

Moral, Check your insurance policy to determine what is covered and what
is
not!

"Capt Frank Hopkins" wrote in message
I am looking for a new insurance company. The good hands developed stickey
fingers.

Call Al or Gary Golden at International Marine Insurance Services, in
Maryland

www.imiscorp.net

Good service. Good advice.

John Gaquin

Capt.
Understood. :-) When I first started driving many, many years ago a lady
side swiped my car. Just put a little crease in the right side. I shopped
around for estimates to repair it. I actually shopped around for the best
price, stupid me. Well I went in to her insurance company in my STATE and
presented my estimates. They were ALL ready to pay the claim, the agent went
to get the check book. On returning he asked what my deductible was with my
insurance company was (AAA). I believe it was like $250. Well since the
damage on one of the estimates was for just under $250, he closed the check
book and stated that they weren't going to pay anything. Asking why, he said
that my claim wasn't above my deductible so my insurance wouldn't be
involved and that if I wanted by money I'd have to sue them on my own,
tough. Well I learned a lesson that day, you get as much justice as you can
afford. Ever since that day I'll never have ALL STATE Insurance. There, I've
said it! They can sue me if they don't like it.
Paul
"Capt Frank Hopkins" wrote in message
hlink.net...
Let me say this to ALL. I would rather not STATE the name in case I decide
to take the issue to court.

CF
"Paul Schilter" paulschilter@comcast,dot,net wrote in message
...
Capt.
Which company are you insured with?
Paul

"Capt Frank Hopkins" wrote in message
hlink.net...
Hi All,
After a throughly incompetent investigation by the local constabulary,
I
took the list of missing items to the insurance comapny. Here are the
results:

Generator: 2 years old, depreciated 60% Cost 1900.00
Paid 900.00
GPS 18 Months Old. depreciated 12% Cost 799.00
703.12
GPS Cartographic chip not covered Cost 125.00
Fishing Poles not covered Cost
90.00
Binox depreciated %75 Cost
299.00
99.60
tools not covered
Cost
159.00
Magnagrille not covered Cost
179.00
Magnagrille mount not covered Cost
45.00
TV-DVD player Depreciated 75% Cost 399.00
99.75

Total Loss
3995.00 Insurance Payment 1802.47

Net Loss 2192.53

Moral, Check your insurance policy to determine what is covered and
what
is
not!

Jim,
ALL STATEments? Damn why didn't I think of that. Good one.
Paul

"Jim Carter" wrote in message
le.rogers.com...

"Capt Frank Hopkins" wrote in message
hlink.net...
Let me say this to ALL. I would rather not STATE the name in case I
decide
to take the issue to court.

Hi Frank: It's a good idea to STATE the insurance company name because
ALL
of us here in the group will know where not to place their insurance. I
am
so sorry to hear of the loss that you have had over your insurance
companies
lack of compassion. ALL STATEments made, by us, to you over this loss,
carry our sympathies to you.

James D. Carter, Captain GLCC
"The Boat"
Bayfield

Try your state's department of insurance. I had a problem with an auto claim
several years ago and a quick letter to http://www.ins.state.il.us/ took care of
the problem in less than two weeks. The check even came with a letter of
apology! The insurance companies can lose their ability to operate in an entire
state if they have too many problems.

I mentioned this in another post but I recently switched to Progressive. State
Farm's rates skyrocketed in Florida. They even sent a note explaining the
unusually high increase with the renewal notice. With Progressive, I maxed out
my liability limits and I am still saving over $200 per year vs State Farms new
premium. Fortunately, I can't comment on either company's claims procedures.

Dan


Capt Frank Hopkins wrote:
"Del Cecchi" wrote in message
...

"Capt Frank Hopkins" wrote in message
rthlink.net...

Hi All,
[snip]


I did check with homeowner's policy. Because the boat is listed as a "second
home" on the taxes, the primary policy does not cover theft losses. A rather
sneaky catch 22. The chip is not covered because the adjuster chose not to
cover it. No amount of arguing could get her to change her mind. I was under
the impresssion that all the boat's equipment was 100% covered. It turns
out, only the actual boat and manufacturer installed equipment is 100%
covered. Owner installed "accessories" are covered at a pro-rata amount. The
insuranace company gets to determine the discount.

I did contact my attorney, who said that there is a claim there, but by the
time I pay his fees, court costs, and the 5 years it will take to chase the
claim through the courts, It will cost me more then the loss I could
recover.

I am looking for a new insurance company. The good hands developed stickey
fingers.

C.F.


Check your homeowner's insurance. It might cover stuff like tools and
fishing poles. That is often the case.
And why did they cover the GPS but not the chip in it?

Shows that the additional cost of "replacement cost" coverage might be
justified. And when you find out where I can buy one of those 2 year old
generators for 40% of new, drop me a line. Sounds like my price range

del

I got the same screw from State Farm. Out of $2000 in contents on the
boat, my dad and I made the mistake of telling them half was mine and half
was his. They said contents were covered under home owner's policies. They
then applied his $1000 deductible, and my $500 deductible, and depreciated
the remaining $500 to $167.

I'm now with Boat US cause they ask the value of the contents up front.
It's covered under the boat policy rather than my homeowners.


"Capt Frank Hopkins" wrote in message
hlink.net...
Hi All,
After a throughly incompetent investigation by the local constabulary, I
took the list of missing items to the insurance comapny. Here are the
results:

Generator: 2 years old, depreciated 60% Cost 1900.00
Paid 900.00
GPS 18 Months Old. depreciated 12% Cost 799.00
703.12
GPS Cartographic chip not covered Cost 125.00
Fishing Poles not covered Cost
90.00
Binox depreciated %75 Cost 299.00
99.60
tools not covered Cost
159.00
Magnagrille not covered Cost
179.00
Magnagrille mount not covered Cost 45.00
TV-DVD player Depreciated 75% Cost 399.00
99.75

Total Loss
3995.00 Insurance Payment 1802.47

Net Loss 2192.53

Moral, Check your insurance policy to determine what is covered and what
is
not!