Play the game, here is a cat you can easily get 100 hours on and then give it to your kids to play with once you have your 100hours in a Cat.
That will determine whether or not you can get coverage, I'd suggest giving John McGrath a call with Midwes Marine Group, his number is 402-330-2879 or 402-301-8789 he was able to get me covered. He also has an add on MWBP and is a great guy to work with.
I spoke with quite a few people, several recommended here all are very good also but John did it for me.
"Life's tough. It's even tougher if you're stupid"
Oh .... one other point......IF you have a DUI or a couple accidents or speeding tickets or red light/stop signs or a combination of any of the above.......DON'T BOTHER TRYING to get cat insurance.
Markel does alot of the work for my customers. The biggest killer on Cat coverage is when you break the certain mph zones then it gets tricky. So far nock on wood I haven't had to turn away anyone
Problem is Markel controls the market and they are the only game in town. There are two different policies they write; under 120 mph and "Ultra Performance" above 120 mph.
If any of you actually think you are covered by anyone else you are in for a HUGE shock unless you have a smaller boat and or is not that fast.
Buy the wrong one or trust your broker without throughly doing your own homework and heaven forbid you encounter a problem, you will have a problem to pay for all alone.
Big Boys, big toys = Markel only.
There have been rumors of the deal from Canada but that has been going around for years too.
As TSPM stated, you need a perfect record in order to get Cat insurance on the big boats.
There are some out there that claim they can form an LLC and then put several boats in the LLC and use an umbrella policy to cover the assets of the LLC. One needs a real expensive Insurance Attorney to pull this off as any loop hole or discrepancy and the whole thing is worthless. If this would work, then several people buy in and share the expense for the coverage.
The boating industry is in desperate need of a realistic insurance company and the insurance companies are in desperate need of a realistic boater.
There is a new player already doing business. I don't think they will write a no cat exp. policy , but they are much more competitive than Markel. Call Bob Luellan at Worldwide Marine Group.
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