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-   -   5k FOR CAT. INS.(NO FRICKIN WAY) (https://www.offshoreonly.com/forums/general-boating-discussion/18974-5k-cat-ins-no-frickin-way.html)

Donzi Corleone 02-26-2002 08:28 PM

5k FOR CAT. INS.(NO FRICKIN WAY)
 
PMA just quoted me 5K for a yearly premium and thats with a 2 month layup.Hell I live here in Fla. and thats not happening.I`m 45 yoa and have 10 years boating exp. and drive professionally for a living with no Accidents and 1 speeding ticket in 1982 for 67 in a 55. The boat was ins. for 110k top speed 115mph.If this is the norm I guess I might have to go back to the V`s...:mad: :mad: :confused:

36spectre 02-26-2002 08:33 PM

Jump on it thats cheap. Mine was over 16,000 dollars last year.

puder 02-26-2002 08:42 PM

i pay $300 per season for a 27' scarab :D

shawn 02-26-2002 08:51 PM

Call Bill at Blackadar, I pay $2400 fpr my 30' Spectre with extra liability etc

46tomcat 02-26-2002 08:59 PM

try worldwide marine in lansing mich rates are based on declared value and speed yes mine is over yours but has a high value and speed

jdnca1 02-26-2002 09:14 PM

2000 Carrera 257 Cat. custom power...$850.00 / yr

cobra marty 02-26-2002 09:18 PM

Insurance is getting out of hand. New 32 skater with 575 $7000/yr. Then again there are no just minor or fender benders with a boat. Usually the claim is for a total loss. I'm thinking of paying off the boat and only taking liability and fuel spillage ins. The banks will start to watch closer and require ins. on any financed boats. This might just be the start of a boom for older boats which are refurbished to near new.

packinair 02-26-2002 09:26 PM

I pay under $900 for my cat through Boat US.

Jassman 02-26-2002 09:41 PM

Pma for my new Thunder was 4608.00, way too much, I also emailed the other three companies , and Blackadar replied they would get back to me. Sy was the cheapest at 3100.00, but Im not willing to pay that much, need to fine tune that Sy, boat will be done April 15.:D

enticer 02-26-2002 09:51 PM

I honestly think that we (cat owners) and also HP boat owners will be in for a rude awakening this insurance season. I am not sure yet...but I would bet money that my insurance company doesn't even renew me. And with the insurance companies that write High Performance boat policies declining and getin gout of that type of ...insurance will not be available. Prices are going to go up a minimum 35%...just like my business insurance and building insurance....and THEY blame it all on 9-11

packinair...what type of boat do you have?
Jazzman...be thankful at 3100.00 My cat is about that of not a little more.


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