Reply
 
Thread Tools Display Modes
 
Old 11-01-2013, 08:30 AM   #1
Guru
 
jleonard's Avatar
 
Join Date: Jun 2008
Posts: 2,739
Insurance...anyone with Boat US?

I have had BoatUS insurance for over 20 years and never had a claim.
Yesterday I got letter saying they will be doing a "loss prevention survey" at no cost to me. Yada, yada, yada. And to be completed in 90 days.

Has anyone else here ever received this type of "free" survey?

I had one done on my ex boat in 1999, and by the same surveyor they want to use again. This guy was a total idiot in my book. He made lots of negative verbal comments during the srvey saying he was recommending this and that , etc. And they were all total BS things. However when BoatUS sent me the post survey summary, they had NO recommendations of things I needed to fix.
So number 1 I don't want this guy on my boat. I hope they have another one available.
Number 2 why have they targeted me esp since I have never made a claim to them.
Number 3 they want the boat surveyed in the water but it's not going in as I am on land, winterized and shrink wrapped.
Number 4 the boat is a mess inside with enclosure curtains stored, anchors, lines, you all know that drill. No way anyone could do a fair survey right now

Anyway, looking for comments esp if anyone else has had to go thru this type of survey. I will be calling BoatUS, so I'm looking to seee what kind of tact I can take.
Thanks
__________________
Advertisement

__________________
Jay Leonard
Attitude Adjustment
40 Albin
Mystic,Ct. /New Port Richey,Fl
jleonard is offline   Reply With Quote
Old 11-01-2013, 12:12 PM   #2
Guru
 
psneeld's Avatar
 
City: Avalon, NJ
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 15,903
Quote:
Originally Posted by jleonard View Post
I have had BoatUS insurance for over 20 years and never had a claim.
Yesterday I got letter saying they will be doing a "loss prevention survey" at no cost to me. Yada, yada, yada. And to be completed in 90 days.

Has anyone else here ever received this type of "free" survey?

I had one done on my ex boat in 1999, and by the same surveyor they want to use again. This guy was a total idiot in my book. He made lots of negative verbal comments during the srvey saying he was recommending this and that , etc. And they were all total BS things. However when BoatUS sent me the post survey summary, they had NO recommendations of things I needed to fix.
So number 1 I don't want this guy on my boat. I hope they have another one available.
Number 2 why have they targeted me esp since I have never made a claim to them.
Number 3 they want the boat surveyed in the water but it's not going in as I am on land, winterized and shrink wrapped.
Number 4 the boat is a mess inside with enclosure curtains stored, anchors, lines, you all know that drill. No way anyone could do a fair survey right now

Anyway, looking for comments esp if anyone else has had to go thru this type of survey. I will be calling BoatUS, so I'm looking to seee what kind of tact I can take.
Thanks
at some point it seems, all insurance companies want a newish survey...just not sure what the average is...after 20 years old...some require it every 5 years.

Boat US is a pretty easy to get along with organization...a phone call or two may straighten out all your concerns...especially with the surveyor and when it happens considering you are hauled and not likely to sink and less likely to burn is shore power isn't hooked up.
__________________

psneeld is offline   Reply With Quote
Old 11-01-2013, 12:13 PM   #3
Guru
 
Edelweiss's Avatar
 
City: PNW
Country: USA
Vessel Model: 1976 Californian Tricabin LRC
Join Date: May 2011
Posts: 1,834
Quote:
Originally Posted by jleonard View Post
I have had BoatUS insurance for over 20 years and never had a claim.
Yesterday I got letter saying they will be doing a "loss prevention survey" at no cost to me. Yada, yada, yada. And to be completed in 90 days.

Has anyone else here ever received this type of "free" survey?
Thanks
I have been with BoatUS since 2000 and they have never asked for a survey, other than the initial one. They told me at the time I signed up, that if they asked for a survey, they would pay for it.

I have had no claims either and they have not asked for a new survey yet, knock on wood. I have been wondering how long they would go without a survey to at least establish a current market value for the boat.

"Survey in the water" They don't want to pay for a haul out.
LB
__________________
Larry B
Careful . . .I Have a Generator and I'm not afraid to use it !
Edelweiss is offline   Reply With Quote
Old 11-01-2013, 12:58 PM   #4
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,263
BoatUS never required a survey of the Coot. I suppose because it was newly-constructed (2010/11).
__________________
Kar-KEEN-ez Koot
markpierce is online now   Reply With Quote
Old 11-01-2013, 01:15 PM   #5
Guru
 
City: Hotel, CA
Country: Fried
Join Date: Sep 2011
Posts: 8,328
All BoatUS asked of me was an in the water survey for my boat a year ago. I'd call them up and request a surveyor of your choice. May cost you but its not that much in the grand scheme of things.

After 20 years I'd certainly not complain.
__________________
Craig

It's easier to fool people than to convince them that they've been fooled - Mark Twain
CPseudonym is offline   Reply With Quote
Old 11-01-2013, 01:46 PM   #6
Guru
 
psneeld's Avatar
 
City: Avalon, NJ
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 15,903
Maybe those of us with no claims are WAYYYYY too suspicious...they know that a boatowner can't have a boat more than a few years without sinking it, catching it on fire or scraping it down a line of anchors....
psneeld is offline   Reply With Quote
Old 11-01-2013, 03:47 PM   #7
Guru
 
jleonard's Avatar
 
Join Date: Jun 2008
Posts: 2,739
Quote:
Originally Posted by psneeld View Post
Maybe those of us with no claims are WAYYYYY too suspicious...they know that a boatowner can't have a boat more than a few years without sinking it, catching it on fire or scraping it down a line of anchors....
Maybe you're right.


The boat was surveyed 6 years ago when I bought it, so the survey is not really old.
The boat was on land and when I tried to insure they said that because the surveyor said the rudder box needed an adjustment they wouldn't write a policy. Even though the boat was on the hard for the winter. Common sense is not very common at all.
__________________
Jay Leonard
Attitude Adjustment
40 Albin
Mystic,Ct. /New Port Richey,Fl
jleonard is offline   Reply With Quote
Old 11-01-2013, 03:54 PM   #8
Senior Member
 
City: Hampton Bays, N.Y.
Country: USA
Vessel Name: Grand Yankee
Vessel Model: 1981 49' Grand Banks Classic
Join Date: Oct 2007
Posts: 326
I just went over to ACE insurance and cut my cost in half. Went thru Jack Martin in Annapolis. I am very pleased with their service.
Ron T is offline   Reply With Quote
Old 11-01-2013, 04:33 PM   #9
Guru
 
Edelweiss's Avatar
 
City: PNW
Country: USA
Vessel Model: 1976 Californian Tricabin LRC
Join Date: May 2011
Posts: 1,834
Quote:
Originally Posted by CPseudonym View Post
All BoatUS asked of me was an in the water survey for my boat a year ago. I'd call them up and request a surveyor of your choice. May cost you but its not that much in the grand scheme of things. After 20 years I'd certainly not complain.
I'm glad to hear about them paying for an in water survey. Sometimes companies tell you one thing and do another.

I dumped my old company, when they started demanding out of water surveys every three years at my expense. I have a very close friend and fellow boater, insurance broker who has been trying to steal me away from BoatUS for years with promises of better coverage, larger cruising area, yada, yada, yada!! But when she puts together a policy, she still can't match their overall coverage and paid survey policy.

I'm with you . . . . after 13 years with BoatUS. . .No complaints here!!
__________________
Larry B
Careful . . .I Have a Generator and I'm not afraid to use it !
Edelweiss is offline   Reply With Quote
Old 11-01-2013, 09:48 PM   #10
Guru
 
C lectric's Avatar
 
City: Somewhere
Country: , Canada
Vessel Name: Island Pride
Vessel Model: Palmer sedan 32'
Join Date: Oct 2007
Posts: 1,872
My boat is old enough that my ins. co. requires a survey every 5 yrs.
However, they are quite flexible about the specific timing. They often ask in January and there has never been a problem about delaying until haulout time 4 mo. later May or even June.

Same thing, the boat is put to bed, winterizing gear is all over the place although mine is still in the water.

I expect that if you call them and explain they will be agreeable to the delay.
C lectric is offline   Reply With Quote
Old 11-02-2013, 07:55 AM   #11
Guru
 
jleonard's Avatar
 
Join Date: Jun 2008
Posts: 2,739
Quote:
Originally Posted by C lectric View Post
I expect that if you call them and explain they will be agreeable to the delay.
I think I'll just let the surveyor do it on land. He'll be limited to what he can really look at that's all. BoatUS is paying him so he can work it out as he sees fit.

I will call and try to get another one though as I really don't have any respect for the one they assigned.
__________________
Jay Leonard
Attitude Adjustment
40 Albin
Mystic,Ct. /New Port Richey,Fl
jleonard is offline   Reply With Quote
Old 11-02-2013, 08:54 AM   #12
Guru
 
City: somewhere
Country: USA
Join Date: Jan 2013
Posts: 1,356
We have Hartford AARP Ins. They have never required a survey and It's an agreed value policy.

The bad part is you are only covered 20 miles offshore so before we would ever cross over to the islands a carrier change would be needed.
__________________
Life is a Beach
beachbum29 is offline   Reply With Quote
Old 11-02-2013, 08:04 PM   #13
Guru
 
hmason's Avatar
 
City: Westport, CT
Country: USA
Vessel Name: Magic
Vessel Model: Grand Banks 46 Europa
Join Date: Aug 2013
Posts: 1,901
Ok, here is my story. Had Boat US insurance for 17 years without a claim. Then, during a winter storm, the dock finger next to mine let go and the boat tied to it pummeled my boat for hours. Certainly not my fault. Boat US quickly paid my claim. 2-years later, I damaged the mast of my boat by clipping a bridge; the bridge tender had begun opening a swing bridge that I was close to without seeing me there. I'm sure I had some culpability as I was too close to the bridge and was having a hard time clearing the bridge due to a very swift current. Boat US paid the claim promptly. However, that was the only incident that I could have possibly had any culpability in 50 years of boat ownership. And, the Admiral and I both have Captains licenses.

I bought a new boat and I began getting insurance quotes. Progressive quoted $2,500 for 1-year. My friends at Boat US quoted $7,900/year. That's loyalty to a customer of 17 years. Insurance companies are happy to take your premiums, but just have a claim and watch what happens. It's like health insurance. Pay and pay, just don't have a claim.

Thanks for indulging my rant.
hmason is offline   Reply With Quote
Old 11-02-2013, 08:09 PM   #14
Guru
 
psneeld's Avatar
 
City: Avalon, NJ
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 15,903
Quote:
Originally Posted by hmason View Post
Ok, here is my story. Had Boat US insurance for 17 years without a claim. Then, during a winter storm, the dock finger next to mine let go and the boat tied to it pummeled my boat for hours. Certainly not my fault. Boat US quickly paid my claim. 2-years later, I damaged the mast of my boat by clipping a bridge; the bridge tender had begun opening a swing bridge that I was close to without seeing me there. I'm sure I had some culpability as I was too close to the bridge and was having a hard time clearing the bridge due to a very swift current. Boat US paid the claim promptly. However, that was the only incident that I could have possibly had any culpability in 50 years of boat ownership. And, the Admiral and I both have Captains licenses.

I bought a new boat and I began getting insurance quotes. Progressive quoted $2,500 for 1-year. My friends at Boat US quoted $7,900/year. That's loyalty to a customer of 17 years. Insurance companies are happy to take your premiums, but just have a claim and watch what happens. It's like health insurance. Pay and pay, just don't have a claim.

Thanks for indulging my rant.
Did you request information on the huge increase from BoatUS?

I wonder if like auto...moving related damages are sometime looked at differently than when the vehicle was stationary.
psneeld is offline   Reply With Quote
Old 11-02-2013, 08:10 PM   #15
Guru
 
City: somewhere
Country: USA
Join Date: Jan 2013
Posts: 1,356
I would never use progressive.
__________________
Life is a Beach
beachbum29 is offline   Reply With Quote
Old 11-02-2013, 10:11 PM   #16
Senior Member
 
Chuck Gould's Avatar
 
City: Seattle
Country: USA
Vessel Name: Dear Prudence
Vessel Model: Eagle 40
Join Date: Jan 2013
Posts: 131
"I bought a new boat and I began getting insurance quotes. Progressive quoted $2,500 for 1-year. My friends at Boat US quoted $7,900/year. That's loyalty to a customer of 17 years. Insurance companies are happy to take your premiums, but just have a claim and watch what happens. It's like health insurance. Pay and pay, just don't have a claim."

That was my experience with Boat US as well. We insured a boat with them for also about 17 years, with an $80,000 hull value, and the premiums were extremely reasonable (about $750 per year). We had no claims, aside from a single towing claim about 10 years ago.

When we bought our current boat, insured for just over double the amount for which we insured the last one, our rate roughly tripled. Both vessels were single engine diesel trawlers.

We shopped around, and found good coverage for the new boat at about 30% more than we paid for our previous boat. Considering the difference in insured value, I thought the difference was justified.
Chuck Gould is offline   Reply With Quote
Old 11-02-2013, 10:17 PM   #17
Guru
 
healhustler's Avatar
 
City: Longboat Key, FL
Country: USA
Vessel Name: Bucky
Vessel Model: Krogen Manatee 36 North Sea
Join Date: Oct 2009
Posts: 4,181
Before I purchased our current boat, I shopped around for insurance on several different models including the mono-hull we have now and two other catamarans we didn't go with. On our current boat, I chose Atlass. My premium was around 2400 in Miami including named storm coverage with a Hurricane plan. Deductible was 10 percent. Boat US was more than double that for each of the boats I quoted before buying. They keep sending me invitations for new quotes, but they are still double or more for the specifics I have on my current policy. Never understood why so much more.
__________________
Larry

"I'd rather be happy than dignified".
healhustler is offline   Reply With Quote
Old 11-03-2013, 08:14 AM   #18
Senior Member
 
Captain K's Avatar
 
City: Gulf Shores, Alabama
Country: USA
Vessel Name: Holly Day
Vessel Model: Marine Trader 44
Join Date: Mar 2012
Posts: 288
Not familiar with BoatUS insurance, but am now insured with Markel Insurance through my agent, USAA. US Military veterans with honorable discharge are eligible for membership and coverage through USAA. I've been with them since 1969. No complaints. Recommend them highly.
Captain K is offline   Reply With Quote
Old 11-03-2013, 08:18 AM   #19
Guru
 
psneeld's Avatar
 
City: Avalon, NJ
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 15,903
Quote:
Originally Posted by Captain K View Post
Not familiar with BoatUS insurance, but am now insured with Markel Insurance through my agent, USAA. US Military veterans with honorable discharge are eligible for membership and coverage through USAA. I've been with them since 1969. No complaints. Recommend them highly.
Last time I tried to insure with them they quoted me 5X the going rate on my 37 Sportfish...so bad a supervisor called me back to apologize they couldn't do better.

Maybe I need to revisit with this boat.......

Do they do liveaboards?
psneeld is offline   Reply With Quote
Old 11-03-2013, 10:52 AM   #20
TF Site Team
 
Pau Hana's Avatar


 
City: Seattle, WA
Country: Good Ol' US of A!
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 1,647
Quote:
Originally Posted by Captain K View Post
Not familiar with BoatUS insurance, but am now insured with Markel Insurance through my agent, USAA. US Military veterans with honorable discharge are eligible for membership and coverage through USAA. I've been with them since 1969. No complaints. Recommend them highly.
Since 2007, USAA has subcontracted their Marine insurance thru Progressive. I recommend looking elsewhere...
__________________

__________________
Peter- Marine Insurance Guru & tuna fishing addict!

1989 52' PT Overseas yachtfisher
Pau Hana is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 03:39 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012