Good experience with Boat US-GEICO Marine Insurance Program
I have Dream Catcher insured for an agreed-on value of $86,000. I've had the policy with Boat US-GEICO since 2013. The initial premium in 2013 was $2,467, with a 5% deductible. That was with $300,000 liability and $900,000 + for fuel spill, and $300,000 uninsured boater coverage.
We have never filed a claim in the 7 years that we have owned Dream Catcher. Because of no claims, they have reduced the premium and also reduced the deductible each year. My current premium is $1,731 and the deductible for other than a named storm is $0. With a named storm in any of the hurricane prone states, the deductible is 5% of the agreed-on value.
In 2008, we had a Bristol 40 sailboat that went through Hurricane Ike in Galveston. It was also insured through Boat US (this was before they partnered with GEICO). The boat made it through the hurricane with minimal damage, even though one of our dock's pilings pulled out, but our dinghy was nowhere to be found. Because we lost our dinghy, the total claim was significantly more than the 5% named storm deductible. We filed a claim with Boat US and they had an adjuster on site in a few days and they sent us a check in less than 2 weeks. I would rate their service as excellent.