kabyak
Veteran Member
I just received my insurance renewal, we had a 10% increase in our rate vs. last year after 5 years with the provider and no claims. I'm curious what others in the Pacific NW are seeing?
PNW insurance rates
- Thread starter kabyak
- Start date
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If you have answers, please help by responding to the unanswered posts.
JSK55
Member
- Joined
- Dec 2, 2020
- Messages
- 18
- Vessel Name
- Hooked
- Vessel Make
- Wellcraft/Riviera 400 Coastal
I too saw a 10% renewal increase after 3 years without a claim. I had my broker go out and shop the market and found the new rate to be competitive. As I remember he mentioned the losses for insurers in the SE USA has impacted all of our rates.
AlanT
Guru
- Joined
- Oct 21, 2012
- Messages
- 725
- Location
- USA
- Vessel Name
- MoonShadow
- Vessel Make
- Wendon Skylounge 72'
I just got non-renewed by my carrier (Novamar) after one year and no claims. Novamar stated in their nonrenewal letter that they are withdrawing from this class of business.
I am waiting on my broker to present options.
~Alan
