ancora
Guru
- Joined
- Dec 16, 2007
- Messages
- 4,022
We just got our boat insurance renewal from BoatUS/Geico and it went up $150.00. Seems like a big bite to me, since we have never made a claim.
Boat insurance increase
- Thread starter ancora
- Start date
The friendliest place on the web for anyone who enjoys boating.
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Drake
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- Sep 16, 2014
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- 611
- Location
- Independent Republic of Texas
- Vessel Name
- Small World
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- Defever 50
I have a feeling all of us are going to be paying more after this hurricane season.
We just got our boat insurance renewal from BoatUS/Geico and it went up $150.00. Seems like a big bite to me, since we have never made a claim.
Bummer. We're with Geico and ours went down $125 when we renewed on October 2. Who can figure and Hobo's in Florida?
The best part, even with the decrease was our deductible changed (excluding damage from named storms which is 5%).
Geico Marine has added a "Disappearing Deductible" benefit to their yacht policies. For those people with good loss experience, the hull deductible was reduced to $0.
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Irish Rover
Veteran Member
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- Nov 27, 2017
- Messages
- 80
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- Turkey
- Vessel Name
- Irish Rover
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- Fountaine Pajot Greenland 34
I'm curious what others are paying for insurance. I just insured my boat here in Turkey for sailing in the Med and Black Sea and I paid around $580 on a valuation of $110k. The insurance is with a Turkish branch of a major international provider.
Cigatoo
Guru
I am paying $900 per year on a replacement value of $45,000.
Irish Rover
Veteran Member
- Joined
- Nov 27, 2017
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- Location
- Turkey
- Vessel Name
- Irish Rover
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- Fountaine Pajot Greenland 34
Mine sounds more than reasonable then but the 3rd party liability limits in the US are probably much higher than ours - mine is €4m = $4.75
Martin J
Guru
Sadly it's been cimfirmed my trawler is a CTL (constructive total loss) from hurricane Irma in the Caribbean. I have another trawler in mind and talking to the broker (LLoyds) yesterday he's expecting a increase of 30-40% over the next few months . He's forecasting a calming of rates early next year when the providers can truely assess there loss's.
