|
|
|
|
|||||
|
||||||
From: Trish Lambert (no email)
Date: Mon Jul 12 2004 - 17:24:21 EDT
We had insurance through West for the past 6 years. This year, we had
the same experience as Tim....informed re: change of insurance carriers
(it was our understanding that the change is because of the Boat U.S.
acquisition, and that the two programs would be handled by the same
carrier), and a significant increase in premium, accompanied by a
significant DECREASE in policy features. Like Tim, we tend not to
question, but this was way too much for way too little.
Fortunately, we are eligible for USAA insurance, and got an excellent
policy through them. Another company we tried is Progressive, which is
apparently quite competitive for boat insurance.
Good luck Tim!!!
Trish Lambert
www.takehersailing.com
-----Original Message-----
From:
[mailto:] On Behalf Of steve
weinstein
Sent: Monday, July 12, 2004 11:02 AM
To: Liveaboard
Subject: Re: lv-ab: West Insurance Premium
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
>
>
>
________________________________________________________________________
___
> || The Live-Aboard List : send a "subscribe" or "unsubscribe" request
||
> || in body of message to:
||
>
>
>
________________________________________________________________________
___
> || The Live-Aboard List : send a "subscribe" or "unsubscribe" request
||
> || in body of message to:
||
>
________________________________________________________________________
___
|| The Live-Aboard List : send a "subscribe" or "unsubscribe" request
||
|| in body of message to:
||
___________________________________________________________________________
|| The Live-Aboard List : send a "subscribe" or "unsubscribe" request ||
|| in body of message to: ||
|