NBOA hurricane warning

**Morgan Jane** · 10-28-2012, 07:18 PM

Just for the hell of it, I got my NBOA insurance policy out and actually went thru it last night word for word. Took a few minutes to follow the wording and how it was tied to the Declaration page, but the way I read it, they will cover only up to $1000 for storm damage but will pay 100% to have it hauled and put back. I had it pulled today. If you haven't already done it, you might want to read your policy in detail.

Bill

**ZZ13** · 10-28-2012, 08:34 PM

Originally Posted by Morgan Jane

Just for the hell of it, I got my NBOA insurance policy out and actually went thru it last night word for word. Took a few minutes to follow the wording and how it was tied to the Declaration page, but the way I read it, they will cover only up to $1000 for storm damage but will pay 100% to have it hauled and put back. I had it pulled today. If you haven't already done it, you might want to read your policy in detail.

Bill

Bill, I also have NBOA (provider is ACE) and I interpret mine a little different. It says my windstorm deductible is $1,500 but am covered to my full policy value. Specifically, it says my windstorm coverage applies to "Tropical Depression, Tropical Storm or Hurricane". For Hurricane Haulout Coverage it says it will pay 50% of the haulout (or transport to safe harbor) costs ("reasonable expenses") up to a maximum of $1,000 per storm and $2,000 per year (policy period) if there are multiple storms in a year. It clarifies that the property damage deductible does not apply to this specific haulout expense (meaning they ignore your deductable and pay the $1,000 per haulout regardless).

**Xplicitlnck** · 10-28-2012, 08:44 PM

I called my insurance company yesterday they covered 50 percent of haul and no matter what happens they will pay for everything minus 500$ deductible. I have travelers. How can and insurance company only cover 1000 for storm damage. That's not even enough to replace a canvas. What happens god forbid it sinks. They hand u a grand and tell you to take a walk?

**daddyox** · 10-28-2012, 08:54 PM

Canvas is completely off. No mooring cover. Floating docks with double lines. I did the same with Irene...all I can tell you is that last time it got really clean!

**Russ Calasant** · 10-28-2012, 09:43 PM

My ins co is paying 50% of haul and launch, even though I will not relaunch until spring. I find that the only positive result of this storm. Unfortunately I may be launching again sooner than planned!

**Xplicitlnck** · 10-28-2012, 09:53 PM

im right behind there with ya already water under my boat. about an inch and rising. shoulda left the outdrive on. oh well good luck ta ya

**Morgan Jane** · 10-28-2012, 09:59 PM

Originally Posted by ZZ13

Bill, I also have NBOA (provider is ACE) and I interpret mine a little different. It says my windstorm deductible is $1,500 but am covered to my full policy value. Specifically, it says my windstorm coverage applies to "Tropical Depression, Tropical Storm or Hurricane". For Hurricane Haulout Coverage it says it will pay 50% of the haulout (or transport to safe harbor) costs ("reasonable expenses") up to a maximum of $1,000 per storm and $2,000 per year (policy period) if there are multiple storms in a year. It clarifies that the property damage deductible does not apply to this specific haulout expense (meaning they ignore your deductable and pay the $1,000 per haulout regardless).

That makes a lot more sense to me. Mine has a Storm section where it says the following

Storms

Coverage- In the event of a hurricane or severe storm watch or warning issued by the National Oceanic and Atmospheric Administration, "we" will
pay the reasonable costs "you" incur to: 1) have a "covered yacht" hauled out of the water; or 2) hire a qualified individual to navigate
the covered "yacht" to a safe harbor. "We" will also pay for the cost to return the "yacht" to the same general area when the watch or warning has ended.

Limit-- The most "we" pay for personal property and equipment is the "limit" indicated on the "declarations" for Storm Protection. If no "limit" is indicated, the most "we" will pay for any expenses related to one storm watch or warning is $1,000. No deductible applies to a loss under this supplemental coverage.

So I went to the Declarations page and the box next to "Wind Storms" is empty and the deductible box next to that box says $22,500.

Doesn't make sense to me but I can't image them saying "Well I know the box was empty but we will pay the $50K in damages anyway and you don't have to pay a deductible either". I just pulled the boat to be safe. My luck the boat will get blown off the stands. The boat is now in the parking lot of the marina next to a tree. Whats the chance of the tree blowing over and knocking the boat over and it not being covered because it was storm?

**ZZ13** · 10-29-2012, 07:02 AM

Originally Posted by Morgan Jane

That makes a lot more sense to me. Mine has a Storm section where it says the following

Storms

Coverage- In the event of a hurricane or severe storm watch or warning issued by the National Oceanic and Atmospheric Administration, "we" will
pay the reasonable costs "you" incur to: 1) have a "covered yacht" hauled out of the water; or 2) hire a qualified individual to navigate
the covered "yacht" to a safe harbor. "We" will also pay for the cost to return the "yacht" to the same general area when the watch or warning has ended.

Limit-- The most "we" pay for personal property and equipment is the "limit" indicated on the "declarations" for Storm Protection. If no "limit" is indicated, the most "we" will pay for any expenses related to one storm watch or warning is $1,000. No deductible applies to a loss under this supplemental coverage.

So I went to the Declarations page and the box next to "Wind Storms" is empty and the deductible box next to that box says $22,500.

Doesn't make sense to me but I can't image them saying "Well I know the box was empty but we will pay the $50K in damages anyway and you don't have to pay a deductible either". I just pulled the boat to be safe. My luck the boat will get blown off the stands. The boat is now in the parking lot of the marina next to a tree. Whats the chance of the tree blowing over and knocking the boat over and it not being covered because it was storm?

Yikes. Reads like your policy is creating an incentive to get your boat out of harms way by paying for full relocation costs and not paying for damage from the storm if you don't take advantage of their incentive. Time for a phone call to them to make sure, and possibly switch the terms to what the rest of us seem to have. Unless you like these terms better, nothing wrong with that. I'd of had them relocate the boat to Lake Norman and back (and enjoyed some good boating for a few days). That's about the closest place that would be "safe harbor".

**Russ Calasant** · 10-29-2012, 11:45 AM

Exactly why I don't go with those national programs, I have an agent, I know my coverage and my agent made sure of it. Just sayin.

**Morgan Jane** · 10-29-2012, 02:38 PM

Actually I really don't have a problem with what they are saying. Basically, they put the value of the vessel at $450K and they are saying that they will pay 100% to haul it out and put it back in. But if you leave it in the water and something happens to it, the first 22K is your problem. For $1,900 a year. It is a good deal from my standpoint.