[C320-list] Insurance

[Art Harden]

I was listening to Clark Howard on the radio one evening and he was talking about insurance in general. He said that insurance companies are the most uncaring company for maintaining repeat customers. He recommends that at least every two years you get a quote from another organization. If you stay with the same company long enough they will start gouge you every year until you finally get another quote and move to another company.

Shortly after hearing this I got my insurance bill for my office building and it had increased 75% over a three-year period. We had had no claims and there had been no changes in the building. I called my agent and he got us a quote back down to our original price with the same coverage and deductible. We just had to change companies. It seems the insurance companies do not appreciate any kind of loyalty so you should not be loyal to them.

Art Harden
Tortuga Catalina 320
937-477-5544 (m)

> On Sep 5, 2017, at 3:19 PM, Trudi Devine <trudid at sbcglobal.net> wrote:
> 
> My Boat U.S./Geico premium was 409.00 last year.  Oct16-Oct17.
> This year they want 838.00.  Shocking and I'd say price gouging.
> I called State Farm they quoted around 400.00 but insisted on a full Marine survey which runs about 400.00 in this area.
> I called Progressive.  My Premium with them will be 421.00.  No survey required, vanishing deductible.
> My Catalina 320 #114 1994 is at the California Yacht Club in Marina del Rey, CA.
> Many thanks to the group for all the excellent advice and information.
> Trudi Devine