[C320-list] Insurance

[Orlando.Duran at AveryDennison.com]

Irv,

I suspect with that low of a premium and it being Allstate, it is probable
an "Actual Cash Value" policy, it's not an "Agreed Value' policy, which is
what you want..

                                        
                                        
   Actual Cash Value – in the event of  
   a  total  loss,  the  market value,  
   determined  by age and condition of  
   the  boat  at the time of the loss.  
   Boating      industry     reference  
   materials  (NADA   Book,  BUC  Used  
   Boat  Guide, ABOS Marine Blue Book)  
   are  often used to determine market  
   value.                               
                                        
                                        
   Agreed   Value   -  determined  and  
   agreed   upon  by  both  owner  and  
   insurance  underwriter  at the time  
   the   policy   is   purchased.  The  
   BoatU.S.   Yacht   and   Bass  Boat  
   policies are Agreed Value policies.  
                                        
                                        
                                        
                                        
                                        
   In  case of loss of boat, Cas Value  
   only pays for the depreciated price  
   of the boat whereas Agreed Value is  
   just  that,  you  and the insurance  
   company  agree  on  a total for the  
   boat and that's what they pay off    
                                        
                                        
   Yes,  the premium is higher but the  
   peace of mind is worth it...         
                                        
                                        





                                                                          
             "Irving Grunes"                                              
             <igrunes at gmail.c                                             
             om>                                                       To 
             Sent by:                 C320-List at catalina320.com           
             c320-list-bounce                                          cc 
             s at lists.catalina         Bob Seiden                          
             320.com                  <theseidens at earthlink.net>, Grant   
                                      Cleverly <grant at rentuniversal.com>  
                                                                  Subject 
             04/16/2008 06:17         Re: [C320-list] Insurance           
             AM                                                           
                                                                          
                                                                          
              Please respond                                              
                    to                                                    
             C320-List at Catali                                             
                na320.com                                                 
                                                                          
                                                                          




Ouyr insurance responsible shareholder, just informed me Isle of Wight
2001
#851 uses Allstate with a premium of $578.
We are on the Chesapeake and use is restricted for Chesapeake only.

Still would like to know others insurance rates, and area restrictions, if
any, as I believe the rates are a function of the sailing location.

Irv Grunes  #851
Sue Creek, Middle River, Chesapeake, Maryland



On Wed, Apr 16, 2008 at 7:49 AM, Jon Vez <jonvez at comcast.net> wrote:

> Larry,
>
> Can't comment on State Farm, but I just went through this. I got three
> excellent quotes that were far below what I was paying. I highly
recommend
> getting a quote from the company Orlando recommended a while back--don't
> recall the name but they advertise in Mainsheet and know the Catalina's
> well. They were extremely competitive, but in the end I went with
another
> company that I got from an insurance agent that I found--they did a
> terrific
> job in either telling me what they couldn't beat and doing a lot of leg
> work. I believe everyone uses the same 6 or 7 underwriters for marine
> insurance anyway--I ended up using a company called Sampson Insurance
and
> dealt with a gentleman by the name of Warren Hayes. Paying 45% *less*
than
> last year! Good luck..
>
> Regards,
>
> Jon Vez
> Solstice #582
>
> -----Original Message-----
> From: c320-list-bounces at lists.catalina320.com
> [mailto:c320-list-bounces at lists.catalina320.com] On Behalf Of Larry
Frank
> Sent: Tuesday, April 15, 2008 11:28 PM
> To: C320-List at Catalina320.com
> Subject: [C320-list] Insurance
>
> I am thinking of changing insurance providers.  Any comments regarding
> your
> experience with State Farm would be appreciated - whether it's been good
> or
> bad.
>
>
>
> Thanks,
>
>
>
> Larry
>
> WindSwept C320 #246
>
>

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