[C320-list] Insurance renewal

[Greg Flanagan]

FYI.  I pay ~$C500 (~$US375) on a $C100,000  replacement. However, I am intrigued by the low liabilities people are carrying. I had $1 million a few years ago but had to raise it to $2 million in order to use yacht club reciprocal docking. A $million doesn’t buy you much these days.

Cheers,

Grreg
Hoop Dancer #1076
Sidney, BC

> On May 19, 2023, at 1:52 PM, Dave Hupe via C320-list <c320-list at lists.catalina320.com> wrote:
> 
> Sorry to relay this after reading other's input, but my boater's insurance is $186/year total ($15.50/month) from State Farm, bundled with our car and apartment renters insurance. Our premium was $473/year when we first insured it with them in 2017, but the rate dropped substantially after 3 years (still don't know why but didn’t want to question too much). I argued the initial high premium with them that didn't make any sense compared to a friend's younger/more valuable 320 at a lower premium.
> Our 1994 boat value is listed at $48k, we have $500 deductible, $300k liability coverage, $1k medical insurance per person, $1k emergency service.
> Dave Hupe 
> 1994 C320 #32
> Holland, MI
> 
> Sent from Yahoo Mail on Android 
> 
> On Fri, May 19, 2023 at 2:35 AM, Christopher Nichols via C320-list<c320-list at lists.catalina320.com> wrote:   I had my increasingly frequent sticker shock yesterday seeing my
>   insurance renewal come in at just over 1800 bucks. For an inshore
>   policy in NE US this appears rather high (and 400 more than last
>   year).
>   Is anyone else in a similar situation and importantly has anyone found
>   a better deal?
>   For background I have been with the firm since I bought the boat in
>   2010 and have never had any claim. The boat is afloat for only 5 weeks
>   a year for our annual cruise and lives in a dry storage shed inland for
>   the rest of the year.
>   Chris
>   (C320 #476 AmandaRose)
> 
>   
>