Insurance in NY

[dgetswet]

Hi All,

Can anyone recommend an insurance company coving Long Island, NY? I have Boat US Geico now but they are raising me almost $700 this year. Every year they always raise about $30. This year crazy.
According to them its because of higher prices for parts and there were more claims in the area. So I told her that means I get to pay for others mistakes.

So anyone happy with there company?

[Paddy]

Hot topic for me too, Don. I was paying Geico $1100 per year for 80K coverage on my boat. In April, they sent me a renewal for $1800 and lowered the agreed hull value to 56K! I decided to not waste my energy arguing with the rep about the math behind the 60%+ increase for 30% less coverage, so I told her to have a lovely day and hung up.

I called NBOA Marine and they came back with a policy that was underwritten by Progressive Marine for $762 a year at 80K agreed value / 500K liability / 2K personal. My Boat US towing is now owned(?) or in partnership with Geico and as much as I wanted to stick it to Geico, I went ahead a renewed with them as Boat US has been great to work with over ther years.

[Nancy]

We've been very satisfied with a Travelers all-risk yacht policy. In particular, partial machinery loss due to mechanical breakdown is covered; depreciation is calculated on a case by case basis based on their evaluation of overall condition of machinery, not the age of the boat; electronics are part of the hull and machinery coverage.

[Norseman]

Wow, cheap insurance guys..

I pay $2, 100 per year, but that is semi-commercial: 24 charters included.
With only pleasure it would be $1,600 a year. $79.5k agreed value and $1M liability.
Great company, Charter Lakes, call them, even for a pleasure only policy.

[Jeremyvmd]

I use charter lakes as well. I had to switch when I got the Viking as boat us would not insure the Viking due to age. I’ll let you know how happy I am with them as I have to make a claim already. But so far they have been super easy to deal with the claim and very helpful. The actual insurance is through Chubb but charter lakes is the broker.

[Jkraft]

Charter Lakes all the way- Hard to beat them. They have me in a Chubb Policy

[Jeremyvmd]

Incidentally my coverage for the Viking is 3100 a year.

[Norseman]

Got my Albin 28TE renewal today, up $200 from last year: Now 2,311 for 12 months. $1 mill liability including un-insured boater, some charters, like 24 in a year, $79.5 K agreed value. Including the Bahamas but North of 24N and no more than 50NM offshore.
Will renew it but may check around for a better deal, although it may not be out there.