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12-11-2006, 06:59 PM
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#1
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Racer
 Racer
Join Date: Aug 2004
Location: Chesterfield, MI
Posts: 2,203
34 Sea Ray Sedan, 30ft Vicious Cat, 16ft Checkmate, 10ft Ceaser
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Best place to Insure a 25 Cat
Best place to Insure a 25 Cat?
Ok, I have my 29 Scarab (along with my home and 2 Cars) Insured with State Farm but they said they will not insure “Powered Catamarans”; than in the same sentence he asked if it was like a 28 Skater that they insure (WTF?) But I may just say’ F*&%k it and go with the “self-Insurance”
36yrs old with No Points (EVER) – No Claims (EVER) – and perfect credit (over 750)
25' Motion with (2) Merc 200hp's
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12-12-2006, 06:25 AM
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#2
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Registered
Join Date: Nov 2000
Location: NJ
Posts: 558
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Re: Best place to Insure a 25 Cat
I would think Markel will insure it, They have insured our 28' Skater and 32' Skater. How do you "Self Insure"?? Can you tell me more about it? Does that mean you have NO Insurance, and if you get a $500,000 Liability claim, you have to defend it out of pocket, and if there is a settlement to be paid, you have to pay that yourself? I hear the term "Self Insure" all the time on this board, but never understood what it means,, the loss of the hull, boat, trailer, etc. is not what I am concerned about, that value is finite,,, the Liability is the issue.
Philip
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12-12-2006, 06:31 AM
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#3
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ENABLER
 Platinum Member
Join Date: Aug 2005
Location: N . J.
Posts: 617
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Re: Best place to Insure a 25 Cat
Markel for east coast--- been there done that! $1100.00
cougar23mtr t/225 pm's
__________________
If you have to ask, you'll never know!
Last edited by BLAZE; 12-12-2006 at 06:34 AM.
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12-12-2006, 09:10 AM
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#4
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Racer
Racer
Join Date: Aug 2004
Location: Chesterfield, MI
Posts: 2,203
34 Sea Ray Sedan, 30ft Vicious Cat, 16ft Checkmate, 10ft Ceaser
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Re: Best place to Insure a 25 Cat
Quote:
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Originally Posted by Philip
I would think Markel will insure it, They have insured our 28' Skater and 32' Skater. How do you "Self Insure"?? Can you tell me more about it? Does that mean you have NO Insurance, and if you get a $500,000 Liability claim, you have to defend it out of pocket, and if there is a settlement to be paid, you have to pay that yourself? I hear the term "Self Insure" all the time on this board, but never understood what it means,, the loss of the hull, boat, trailer, etc. is not what I am concerned about, that value is finite,,, the Liability is the issue.
Philip
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Self-Insurance pretty much means my personal property and liability insurance will cover up to 500K if I do something stupid and get sued. If I wreak the boat, my loss.. I wont get compensation.
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12-12-2006, 01:04 PM
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#5
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Offshoreonly Advertiser
 Offshoreonly Advertiser
Join Date: Jun 2006
Location: Houston, TX
Posts: 179
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Re: Best place to Insure a 25 Cat
2 Trick Rick,
Give me a call and I will be happy to help you with a quote for your 25 Cat.
David Barbee
Elton Porter Insurance
800-759-2628 Ext. 203
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12-12-2006, 09:45 PM
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#6
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Registered
Join Date: Nov 2000
Location: NJ
Posts: 558
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Re: Best place to Insure a 25 Cat
Thank you 2 trick Rick,,
Philip
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01-15-2007, 05:20 PM
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#7
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Registered
Join Date: Aug 2006
Posts: 12
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Re: Best place to Insure a 25 Cat
2 Trick Rick,
We have a couple markets that other brokers do not. Call me, I'd love to try and help you. Or you can email me your info. stacy@wakezoneinsurance.com
Stacy Shute
Wake Zone Marine Insurance Brokerage
480-357-9663
Last edited by stacyshute; 08-25-2009 at 10:56 PM.
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