Next message: Tim Holock: "RE: lv-ab: Boat US Insurance"
Tim,
If I remember correctly the only part of BOAT/US which was sold to West
Marine was their retail operations, the stores, catalogue, etc. I believe
that BOAT/US retained their insurance programs just a West Marine retained
theirs.
The think the net result is that BOAT/US is now just their legislative
lobbying operation and their vessel insurance program. And they also
maintain their financial grant programs, as before.
Steve Weinstein
Hydro-Therapy
1981 Cherubini Hunter 33
Sailing out of Oyster Bay, N.Y.
----- Original Message -----
From: "Tim Holock" <>
To: "Liveaboard" <>
Sent: Monday, July 12, 2004 10:11 AM
Subject: RE: lv-ab: West Insurance Premium
> I'd like to report a pleasant conclusion to this problem. After your many
> informative replies I decided to start by getting quotes for 'normal'
> insurance from BoatUS, AAA, and Allstate. I applied over the web to BoatUS
> and AAA. BoatUS replied in two days, and AAA has yet to reply after 2
weeks.
> The BoatUS quote was for $302 for $25,000 hull insurance, $100,000
> liability, or, for an extra $14(!!!), $500,000 liability. I took the
latter.
>
> BoatUS required a survey, and stated that it could be a maximum of 2 years
> old. Mine was 25 months, but they accepted it.
>
> The curious thing about this is, BoatUS is West Marine. Why on earth would
> they (West) not rationalize their insurance business somehow? I can
> understand some discrepancy, but $302 vs $965 - doesn't make sense.
>
> Thanks again for all your assistance.
>
> Tim Holock
> SV Marooned, Endeavour 32
> Annapolis
>
> -----Original Message-----
> From:
> [mailto:]On Behalf Of Tim Holock
> Sent: Wednesday, June 30, 2004 1:06 PM
> To: Liveaboard
> Subject: lv-ab: West Insurance Premium
>
>
> I just got my insurance renewal from West. They have changed carriers from
> OneBeacon to ACE/INAMAR. The premium went from $423 to $965/yr. No claims,
> changes, nothing. A couple of questions for the group:
>
> 1) I'd heard premiums in general had gone up for a number of reasons. Is
> this increase, more than double, representative?
>
> 2) I'd be happy to self-insure the boat ($25,000 value), but I'm concerned
> about liability coverage. Should I be concerned? What are the practical
> chances of causing serious, expensive, damage at 5.5 knots? Is it possible
> to get liability coverage separately?
>
> Any responses would be appreciated. Up until now I've tended to just pay
the
> darn insurance and not think about the details, but maybe its time to get
> educated. Maybe I should talk with Al Golden...
>
> Tim Holock
> Marooned, Endeavour 32
> Annapolis
>
>
>
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