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07-02-2015, 12:53 PM
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#1
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Veteran Member
City: Middletown
Vessel Name: Kindred Spirit
Vessel Model: Kadey Krogen 39
Join Date: Feb 2014
Posts: 32
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Markel American Marine Insurance
Just got a reasonable quote on my trawler by Markel Marine. This is the marine division of Markel American Insurance Company.
I will be going to the Bahamas this winter and they are including that cruising area.
My question is has anyone done business with this Co and are they any good? A+ rating but that is what they say.
Thanks
Al
Kindred Spirit
Mariner 38
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07-02-2015, 12:55 PM
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#2
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Moderator Emeritus
City: Chicago, IL
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,993
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Yes, top rate in my book. Paid a claim quickly and 100% when a very stupid captain ran Bay Pelican aground.
__________________
Marty
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07-02-2015, 01:01 PM
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#3
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Guru
City: Punta Gorda, FL
Vessel Name: Aweigh
Vessel Model: Nordic Tug 42
Join Date: Jun 2014
Posts: 628
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I used them for 10 years with no problems, but no claims either. They always took my money right on time.
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07-02-2015, 01:13 PM
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#4
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Senior Member
City: MD
Vessel Name: Blue Yonder
Vessel Model: 37
Join Date: Mar 2013
Posts: 346
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I used them for a long time on multiple boats. I switched to a different insurer after Markel began requiring "professional winterization" of all systems on the boat.
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07-02-2015, 02:06 PM
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#5
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Senior Member
City: Sitka
Vessel Name: Rob n' Lee
Vessel Model: Kadey Krogen 42' #192
Join Date: Feb 2015
Posts: 109
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I used them for about 10 years . Never had any claims but found better rate at ACE.
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07-02-2015, 02:09 PM
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#6
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Senior Member
Join Date: Dec 2010
Posts: 207
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Had a grounding incident last year. Grounding was on a Wed, boat was hauled on Thurs, estimates were prepared and submitted on Fri, check was cut on Mon and in my hands on Tues. Outstanding company with exception service.
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07-03-2015, 10:58 AM
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#7
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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To the two of you with claims, Bay Pelican and Tomas, how did those claims impact your rates afterwards, if at all?
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07-03-2015, 11:57 AM
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#8
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Moderator Emeritus
City: Chicago, IL
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,993
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Quote:
Originally Posted by BandB
To the two of you with claims, Bay Pelican and Tomas, how did those claims impact your rates afterwards, if at all?
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It was my first and only claim. Did not seem to impact my rates. Now of course 8 years later it is not even reported.
__________________
Marty
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07-03-2015, 12:04 PM
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#9
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Senior Member
Join Date: Dec 2010
Posts: 207
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Insignificant change.
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07-03-2015, 02:28 PM
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#10
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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Good to know from both of you that rates weren't materially impacted. On auto insurance it's become so common for just one claim to increase the rate significantly.
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07-03-2015, 02:45 PM
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#11
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TF Site Team
City: Jacksonville
Join Date: Nov 2008
Posts: 11,680
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We had a claim and it did not affect our insurance with that carrier. We changed navigation limits and applied with other underwriters. One of the questions on the applications, "have you had any claims in the last 5 years"?. That was when we felt the impact.
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07-03-2015, 03:51 PM
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#12
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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Quote:
Originally Posted by Larry M
We had a claim and it did not affect our insurance with that carrier. We changed navigation limits and applied with other underwriters. One of the questions on the applications, "have you had any claims in the last 5 years"?. That was when we felt the impact.
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Oh yes...how ugly and how common.
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