My boat sustained some damages from a long ago hurricane due to both bolts that anchored a cleat onto concrete sea wall cap being sheered off. Long story short ins. quickly paid the claim and then a week or so later cancelled the policy. Curious as to their reason since the policy had been annually renewing for many years and it was my first and only ever ins. claim I called the home office to find out why. They said it was due to age and had nothing to due with the claim so I asked where their cut off age was and it turned out my boat was 3-4 years beyond that confirming what I had many times heard with some of these dam ins. companies. Pay and pay and pay but put in a claim and they cancel the policy. Turned out same company cancelled a buddies policy who's boat was a few years newer then mine and the only damage he had were bent outriggers; he later realized he was foolish to put in a claim.