Marine Insurance Help

[Grosen]

I had a claim back in October of 21 from high winds. Having trouble getting coverage and also finding a reasonable price if someone does quote it.

Any assistance or past experience that anyone can weigh in ??

 

[Jus Cruisin]

So your carrier dropped you because of the claim?

I've used Chubb since I moved north and got back into boats. No claims though.

 

[ttmott]

Each state is different. It's odd how state borders determine risk.....
It seems for me here in Florida, that I have to go through finding insurance every year due to, what they say, increased risk exposure. I did have a claim in early 2019 which has finally aged so I don't have to report it anymore on the insurance applications. Insurance companies previously required claim information within 3 years and now it is 5 years; except State Farm which is still 3 years.
I did have Safewaters which was a very good company but they stepped away from yacht policies. Then I had to get high risk insurance from a company in London - every year they clamped down on how I used the boat, where the boat had to be located in a "named storm", limitations where the boat could travel, an annual out-of-the-water survey with no findings, and unreasonable deductibles. All for a $13K premium. The triggers are - where the boat is located, age of boat, length, and claims.
Is there a secret "do not insure" list somewhere??? It seems like there is.....

Anyhow, State Farm has stepped back into insuring bigger boats and they are "reasonable" - well for me less than $10K

 

[Little Ducky]

Give Travelers a call and see what they can do for you.

Plus most coverages come with mechanical breakdown coverage.

I had one claim a few years ago for an engine and my rate only went up $50 a year.

 

[Grosen]

So your carrier dropped you because of the claim?

I've used Chubb since I moved north and got back into boats. No claims though.

No, sold the boat about a year later and was in limbo

 

[Pirate Lady]

Are you old enough to join AARP? After having Geico/Boatus jack my rates no reason, i changed to AARP boat insurance. Better coverage, cheaper, easy signup. Worth a call.