[C320-list] Insurance

[David Nolte]

Thanks Orlando, great info.  That reinforces advice I had received  
previously about using a marine underwriter. This discussion is very  
timely for me, I got the dreaded letter from my insurance company  
yesterday that I need to do a haul-out survey before they renew next  
year (and fix most of the items the survey identifies!)

My policy is a Helmsman Yacht policy written by Markel American  
Insurance Company, represented locally (Annapolis) by International  
Marine Insurance Services.

I currently pay $630 per year, of which $471 is for the boat.

My "Replacement Cost" is capped by my 'limit of insurance', which for  
me is currently $65,000. I've got an old boat.

Looks like I need to do some thinking and some shopping.

David Nolte
Beach House #4


On Apr 16, 2008, at 11:52 AM, Orlando.Duran at AveryDennison.com wrote:

> Folks,
>
> Make sure you do an apples-for-apples comparison, price alone  
> should not
> be the reason for choosing one company over another..companies like
> Allstate, State Farm, etc are not the best providers of MARINE
> insurance....I have done a lot of research on this and take it from  
> me,
> scrutinize those policies and you'll see a big difference between an
> Allstate and a Mariner's General policy for example
>
> If you have a Cash Value policy and your 10 year old boat sinks,  
> they will
> pay off the DEPRECIATED value---you'll be getting back the money of  
> a used
> boat--good luck on buying a new boat with that...Agree Value--you  
> agree on
> $100K, your boat sinks in 10 years and that's what they pay you, $100K
>
>
>
>
>
>              "Jon Vez"
>              <jonvez at comcast.
>               
> net>                                                      To
>              Sent by:                 <C320-List at Catalina320.com>
>              c320-list- 
> bounce                                          cc
>              s at lists.catalina
>              320.com                                               
> Subject
>                                       Re: [C320-list] Insurance
>
>              04/16/2008 06:53
>              AM
>
>
>               Please respond
>                     to
>              C320-List at Catali
>                 na320.com
>
>
>
>
>
>
> Irv,
>
> Sampson Insurance: 800-585-1905
> www.sampsonins.com
>
> Warren Hayes: whayes at Sampsonins.com
>
> For what it's worth, BoatUS was one of the highest quotes I
> received...good
> luck
>
> Regards,
>
> Jon Vez
>
> -----Original Message-----
> From: c320-list-bounces at lists.catalina320.com
> [mailto:c320-list-bounces at lists.catalina320.com] On Behalf Of Irving
> Grunes
> Sent: Wednesday, April 16, 2008 9:01 AM
> To: C320-List at catalina320.com
> Subject: Re: [C320-list] Insurance
>
> John Vez
> Please  give us the full name, address (Street as well as Email)  
> and phone
> number of the Sampson Insurance agency you used.
> Google has any number of insurance agents called "Sampson"
> And Orlando, Please do the same for the agency you used as well.
> We have been using Boat US and I don't know if we could do better.
> Irv Grunes #851
>
> 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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