View previous topic :: View next topic |
Author |
Message |
gulfcoast john
Joined: 14 Dec 2012 Posts: 989 City/Region: PENSACOLA
State or Province: FL
C-Dory Year: 2010
C-Dory Model: 255 Tomcat
Vessel Name: Cat O' Mine
Photos: CAT O' MINE
|
Posted: Mon Jul 09, 2018 6:02 pm Post subject: |
|
|
Another Progressive (via 40 years with USAA for all else including Umbrella) Brat. $114,000 Agreed on (incl trailer). USAA gives me thousands back in subscriber account and senior member rebates. Renters insurance includes Flood. USAA bank and credit card top rated, though Barclay's has better rebates on travel, we're always travelling when not planning travel. A part of your FICO credit score includes how many years you've had your card, so I'll never give up that USAA card. USAA has always been good to us. No claims with the 13 boats, and disappearing deductibles after 4 years without a Progressive claim. Only complaint I've heard was from a Ranger 25 couple who cruised to Cuba and "Flo said No"...but so did every other company.
Hope you never have a claim!
John _________________ John and Eileen Highsmith
2010 Tom Cat 255, Cat O' Mine
Yamaha F150, LXF150 |
|
Back to top |
|
|
JimTid
Joined: 09 Dec 2013 Posts: 19 City/Region: Jacksonville
State or Province: FL
C-Dory Year: 2003
Vessel Name: Lucy
|
Posted: Wed Jul 11, 2018 6:28 pm Post subject: Insurance policy comparison |
|
|
Most people shop price and never read the policy. The State Farm physical damage policy (Florida and Georgia) pays up to replacement cost of an outboard motor. Every other policy that I read depreciates the motor. The State Farm policy I purchased was 30% more expensive than Progressive. The liability limit will also determine premium. |
|
Back to top |
|
|
Da Nag
Joined: 24 Oct 2003 Posts: 2818 City/Region: Port Angeles
State or Province: WA
C-Dory Year: 2008
C-Dory Model: 16 Angler
Vessel Name: Taco
Photos: <a>Da Boats</a>
|
Posted: Thu Jul 12, 2018 1:50 pm Post subject: |
|
|
thataway wrote: | One important feature to insist on, is "agree value". This should be the real value of the boat--what it will cost to replace, including accessories and electronics. |
Agreed, but unfortunately - it's not always available. Progressive, which most folks in this thread are suggesting, won't write agreed value policies for boats that aren't relatively new.
That's a problem for many boats, including older C-Dorys. I encountered it when insuring my Nordic 26. Progressive would not write an agreed value policy, and made clear any claims would use online sources like NADA. For older Nordics, just like older C-Dorys - NADA comes in ridiculously low.
I was directed towards Global Marine over at the TugNuts, and I've had an agreed value policy underwritten by Markel for the last several years. Unlike Progressive and others, who seem to rely heavily on NADA and other sources for value - they'll write agreed value policies based on values shown by a marine survey. Rates are very reasonable as well - as good or better than Progressive, with significantly more coverage in my case.
The above being said, I always cringe a little when insurance threads pop up. The reality is, there are a ton of variables - so online references to a company aren't a great indicator of what others will actually encounter. Especially if you have an older boat that has significant value, you need to do a fair amount of homework and legwork if you want adequate coverage. _________________ Will, C-Brat Nerd |
|
Back to top |
|
|
cmetzenberg
Joined: 04 Jan 2014 Posts: 367 City/Region: Santa Barbara
State or Province: CA
C-Dory Year: 2007
C-Dory Model: 255 Tomcat
Vessel Name: Kanaloa
Photos: Kanaloa
|
Posted: Wed Aug 08, 2018 4:02 pm Post subject: |
|
|
I'm paying $600 a year with Travelers for my tomcat on a trailer. Does this strike you all as high? _________________ Conrad Metzenberg
07' Tomcat 255 "Kanaloa"
87' Boston Whaler Guardian 17 (BlackFlag, 03-14)
|
|
Back to top |
|
|
JimTid
Joined: 09 Dec 2013 Posts: 19 City/Region: Jacksonville
State or Province: FL
C-Dory Year: 2003
Vessel Name: Lucy
|
Posted: Fri Aug 10, 2018 8:53 am Post subject: insurance |
|
|
Seems that everyone is using the well meaning comments of others and price to select an insurance policy. I suggest that a wise shopper should get a copy of the insurance policy and read it before buying it. The policy consist of definitions, coverages and exclusions. Most policies depreciate outboard motors. The State Farm policy is the only one I found that did not depreciate the motor. Your deductible and liability limits will also affect the price of the policy. |
|
Back to top |
|
|
dave
Joined: 21 May 2005 Posts: 380 City/Region: Riverview
State or Province: FL
C-Dory Year: 2006
C-Dory Model: 23 Venture
Vessel Name: Cocoon
|
Posted: Fri Aug 10, 2018 4:16 pm Post subject: |
|
|
I have used Progressive for years.
I also use "Agreed Value" coverage. |
|
Back to top |
|
|
colbysmith
Joined: 02 Oct 2011 Posts: 4523 City/Region: Madison
State or Province: WI
C-Dory Year: 2009
C-Dory Model: 25 Cruiser
Vessel Name: C-Traveler
Photos: C-Traveler and Midnight-Flyer
|
Posted: Fri Aug 10, 2018 10:18 pm Post subject: |
|
|
I used USAA insurance for a long time. Then had an issue with a homeowners policy. A long story but the short of it was, they refused to pay out on a claim for a ceiling cave in, then refused to pay an engineer they hired to determine cause, while confusing his job performance with that of their regular 3rd party that just came out, took a few square footage measurements and took pictures of a big tarp covering the damage. Suffice it to say, I will never use USAA again, nor do I recommend them. Furthermore, in price comparisons after that, and consumer reviews, I found another insurer (American Family) that provided better service, and was home based near me! Colby |
|
Back to top |
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum You cannot attach files in this forum You cannot download files in this forum
|
|