Insurance renewal

Post by **Yearwood** » Tue Nov 27, 2018 1:00 pm

Having experience in marine insurance I have always shopped my business periodically with success. It is that time again for Boat US just came thru with a hefty increase and just wondering if anyone has recent experience on rates with a particular underwriter. Haven't had a claim in over 50 years of ownership.
28 foot Albin PH.

Post by **Norseman** » Tue Nov 27, 2018 6:49 pm

Yearwood wrote: ↑Tue Nov 27, 2018 1:00 pm Having experience in marine insurance I have always shopped my business periodically with success. It is that time again for Boat US just came thru with a hefty increase and just wondering if anyone has recent experience on rates with a particular underwriter. Haven't had a claim in over 50 years of ownership.
28 foot Albin PH.

I ditched Boat US a few years ago.
Their rates and lack of common sense went North and South.
Been using Charter Lakes the last 2-3 years.
Good rates, good customer service.

Post by **Nancy** » Tue Nov 27, 2018 7:02 pm

Hi Don -

Do a forum search on "insurance" and you'll find lots of interesting reading.

Post by **DesertAlbin736** » Wed Nov 28, 2018 8:36 pm

Boat US just came thru with a hefty increase

Is this the GEICO insurance carrier BoatUS switched to a few years ago? I paid $205 for my 2018 BoatUS/GEICO policy which runs from April '18 to April '19, so not up for renewal for a few more months yet. That was down from $226 in 2017 which in turn was down from $228 in 2016, which was the year I switched from Safeco to BoatUS/GEICO when Safeco upped their premiums to $288.

Emcunningham · Post by **Emcunningham** » Thu Nov 29, 2018 9:46 pm

We use SafeCo (Liberty Mutual), and actually switched our home and auto policies to Liberty Mutual as well. SafeCo was almost half the price or GEICO/BoatUS, for comparable policies. SafeCo offered additional discounts, that made up for the cost of purchasing a BoatUS Tow Policy, as well.

Post by **Serenity** » Sun Dec 02, 2018 10:56 am

I agree, I dropped Boat US after their price increase. I am currently using Travelers for my 98. The agreed value is $52000.00 with a $1000.00 deductible. The premium is $660.00 for annual coverage, with a lay up period from 11/1/18-4/1/19. I also have my homeowners and auto with the same brokerage.

Post by **Yearwood** » Sun Dec 02, 2018 11:10 am

Basis a new quote I think members could save if we put together a spread sheet of main terms, carrier and premium.

Post by **jleonard** » Mon Dec 03, 2018 8:02 am

BoatUS is still the best deal for us.

mistyjim1 · Post by **mistyjim1** » Sat Dec 29, 2018 3:47 pm

Hey guys it's not about a few hundred bucks, nor how long you've boated without needing them. After 40+ years of boating I had great need of my insurance this spring. Glad I was with boat us! They put me through minimum pain and came through.

Post by **Yearwood** » Sun Dec 30, 2018 8:25 pm

They worked fine for me for two years, but eventually became non-competitive. They are not an underwriter but rather a broker representing one insurer GEICO.

mistyjim1 · Post by **mistyjim1** » Mon Dec 31, 2018 1:23 am

Maybe all wet on this but I think the boat us brand expects GEICO to play fair and represent them well. I did not know what to expect having heard horror stories from other boaters about thier boat insurance. Of long delays, disagreement over coverage, hull devaluation ect. I experienced none of this with boat us/ GEICO. I guess the better question for albin owners would be how thieir nsurance performed when the chips/hull were down. This is just one guys experience would like to hear others.

Albin Owners Group

Albin Owners Group

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