Cat Insurance: You guys are scaring me

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07-17-2007, 08:51 PM

#11

Insurance God

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Quote:

Originally Posted by MDSmitty

Thanks for the info Insurance God. Would that be the $1,000 or $2,500 Tres Martin course?

$2,500

Take care.

07-17-2007, 08:53 PM

#12

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Quote:

Originally Posted by Dueclaws

Shawn-
Your company cannot write on the Gulf Coast, is that correct?

Due

No, we CAN in most areas. If you are curious about TX, we have a lot of people insured there. We can, but don't write Markel in TX out of respect for EP. True, TX is a big state but we offer the same rates for Markel & that is their "home" state.

We write American Reliable and others in TX. Please let me know if we can help.

Thanks for asking.

Last edited by Insurance God; 07-17-2007 at 08:59 PM. Reason: added info

07-18-2007, 07:39 AM

#13

TopSpin80

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is a 30' cobra sportfish considered a cat for high insurance rates? and will this boat get a person cat experience if they plan to move up someday?

Ernie

07-18-2007, 08:08 AM

#14

Dueclaws

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Shawn-
Then why did your company deny insurance last year? 20 years of cat experience, no tickets, no claims, boat runs 120 & has an "excellent" survey. At that time, you said it was because we're on the Gulf Coast.
What changed?
Due

PS: I have the utmost respect for Elton Porter insurance; they (especially Ken) have been great to work with, but the rate I'm paying is..... well you know.

Last edited by Dueclaws; 07-18-2007 at 08:14 AM.

07-18-2007, 10:24 AM

#15

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Quote:

Originally Posted by Dueclaws

That area was an issue but the market has opened up. The carrier was & is taking it slow. Florida is still not available with American Reliable. On the other hand you have Markel in FL and they do NOT plan on leaving.

07-18-2007, 12:00 PM

#16

MDSmitty

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Quote:

Originally Posted by fountain4play

I'm right there with you regarding Cats, love the look and the ride of them. I am just going through the insurance issue which is a big Catch-22 with only a few players.

I would expect that these insurance rates and requirements will soon kill the non-racing cat industry.

07-18-2007, 01:34 PM

#17

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Quote:

Originally Posted by TopSpin80

is a 30' cobra sportfish considered a cat for high insurance rates? and will this boat get a person cat experience if they plan to move up someday?

Ernie

The boat you are looking at is the Predator model & yes, it is a good "stepping stone". It would not be rated as high as a true cat. It is considered a "mulithull center console sportfisher". Email me if you would like a rate (or fill out the form on my site).

P.S. Fishing boats that are cats are not rated the same as a performance cats (although, they are both fast).
Shawn
[email protected]

Last edited by Insurance God; 07-18-2007 at 01:46 PM. Reason: Adding info