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Insurance

Discussion in 'Post Yacht' started by ReeLeeHooked, Nov 9, 2017.

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  1. ReeLeeHooked

    ReeLeeHooked New Member

    Joined:
    Nov 6, 2015
    Messages:
    27
    Location:
    Taunton, MA
    My Insurance Company just kicked me to the curb. The Underwriters won't touch a boat 30 years old, even though I have never filed a claim. I have a 1987 43' Post. I boat in New England mostly on Cape Cod and the Islands. U.S. Boaters wants $1,200.00 more than I was paying. Boat is out of water 6 months out of the year.

    Capt. Matt
  2. Unavailable

    Unavailable New Member

    Joined:
    Mar 17, 2016
    Messages:
    28
    Location:
    New Jersey
    I had a boat prior to Sandy that was over 30 years old was insured by Boat US. However they were purchased by Gieco a few years ago so i am not sure about their underwriting on older vessels at this juncture.

    I will Say they paid me out the top line number on the policy (allowed me to get a good chunk of cash my current vessel) and paid out salvage costs separately. Dependent on your vessels stated value for your policy that will drive the cost. I currently pay around $110.00 per $10,000.00 of coverage for a 1999.
  3. Barney Hauf

    Barney Hauf Member

    Joined:
    Apr 20, 2015
    Messages:
    79
    Location:
    Pompano Beach
    My 1989 43' Post is insured by BoatU.S./Geico. I have had no claims experience on this boat but had a great claims experience about 10 years ago on a 31' express sportfish that sustained some fiberglass/paint damage. She was insured by BoatU.S. as well.
  4. baltimore bob

    baltimore bob Member

    Joined:
    Sep 22, 2013
    Messages:
    314
    Location:
    Baltimore, Maryland
    Boat/US Geico wrote a liability policy on my 1975 without a survey last year, no hassle at all. I didn't even try for hull insurance.
  5. Forrest Gump

    Forrest Gump New Member

    Joined:
    Feb 21, 2016
    Messages:
    29
    Location:
    CT
    I use to have Boat US. After hurricane sandy came through, my rate went up 25%, even without ever making a claim. I now use charter lakes. I have had them for 4 years now with no problems.