Next message: Lee Haefele: "Re: lv-ab: nausea medicine/remedies?"
Eric et al:
Be VERY CAREFUL!!!
Progressive does not, and will not cover liveaboards. So if you're
buying a policy to satisfy a marina management that's probably too dense
to know that the wreck removal coverage that they're interested in is
actually NOT COVERED under the liability section of Progressive's
policy, or that if you're living aboard the policy may be voided anyway,
then go for it. If, however you're living aboard, and are actually
interested in the coverage yourself, forget it!
Al Golden
International Marine Insurance Services
800-541-4647 - toll-free
410-827-3757 - vox
410-827-3758 - fax
|| -----Original Message-----
|| From:
|| [mailto:] On
|| Behalf Of Eric Thompson
|| Sent: Wednesday, June 30, 2004 18:18
|| To: LIVE_ABOARD
|| Subject: lv-ab: Insurance
||
|| Last year Onebeacon tried to raise my hull insurance from
|| $560.00 a year to over $800.00.
|| I now carry liability only $300,000.00 coverage from
|| Progressive for $100.00 a year.
|| If my boat sinks, I wouldn't be too much worse off, the
|| payout percentage on sinking claims is approaching zero
|| until you hire a layer. Where would I get the money for
|| the layer? Where would I live for the 5 to 10 years until
|| I got the miniscule amount the insurance company would
|| eventually give me?
|| I would be screwed either way.
|| I'll keep buying liability coverage so IF I cause damage
|| the poor victim has somebody to sue...
||
||
|| Eric Thompson
|| S/V Procrastinator
|| South San Francisco
||
||
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