ancora
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- Dec 16, 2007
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Got our boat insurance bill from Boat US/ Geico. Is the merger a good thing?
Got our boat insurance bill from Boat US/ Geico. Is the merger a good thing?
We had been insured with Seaworthy, a Berkshire Hathaway Company before the merger. Our rates actually went down including our deductible for a named storm and no change in the wording other than some state requirements. At the end of the day, it's in the coverage, though.
ancora, there's a lot more to buying insurance than the price. I'd check with a yacht insurance broker and ask them what a yacht policy covers above and beyond what a boat policy covers. There's a helluva difference between the two.
I'm a cheapskate but insurance is one thing I don't want to cheap out on.
Maybe the prices will be more competitive. This October I found insurance for nearly 50% less than quoted by Boat US.