[C38] What about insurance

[Glenn Terry]

I have been with Allstate for 15 years on 1983 hull.  My coverage is 
pretty much the same but a $500 deductible.

I have had two claims:

1. bow line weathered and the boat had some pretty good fiberglass 
damage to be repaired

2. Mainsail was stolen.


No hassle with getting the claims settled.


No increase in my $347 annual premium.

Regards,

G!enn
San Francisco

Charles Finn wrote:
> Just got the newest issue of Practical Sailor (with a discussion about 
> insurance costs).  Also in today's mail was my Insurance declaration 
> page for this year's boat insurance.
> Frankly, insurance for the Mighty Quinn has been a pain over the few 
> years I have had the boat. I started with Boat US, who required a survey 
> (fortunately, I had just gotten one during the purchase dance).  They 
> dropped me two years later (I have never submitted a claim on any boat I 
> have owned) saying they don't insure boats over 20 years of age....
> I then shopped and shopped and shopped.... coming up with $1000+ 
> premiums for the few who would even agree to insure an older boat!  I 
> finally found Progressive Direct, who agreed to insure if I had yet 
> another survey.
> I have been with them for three years and the premium has stayed about 
> the same.  Can't say how they will handle a claim, but here is what my 
> policy looks like:
> 
> 1981 Catalina 38
> Liability to others that includes fuel spill liability: ($300,000 is 
> combined single limit for
>          each accident).
> Uninsured Boater $300,000
> Medical payments:  $1000 each person
> Comprehensive:  Agreed value of $42,000 with $750 deductible
> Collision:  Agreed value of $42,000 with $750 deductible
> Includes wreckage removal.
> This policy is for a coastal limitation of 50 miles in territorial 
> waters for the U.S. and Canada.
> 12 month policy cost:  $440
> 
> How does this stack up?  Is there a company out there that understands 
> our boats? 
> Charles Finn
> Mighty Quinn #114
> Webmaster
> 
> 
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