Insurance Carrier for "slower" performance CATS and VHULLS

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05-15-2011, 01:24 PM

#21

WakezoneINS

HP Marine Ins. Specialist

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Join Date: Mar 2008

Location: Insuring any kind of boat

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Quote:

Originally Posted by chris@uga

Those are great rates.

I find it odd that the Active Thunder is worth more and has more power but is cheaper to ensure than the Formula in that example. How does that happen?

#1 reason: AGE of the vessel. You're comparing two boats that are 11 years difference in age. The older the vessel, the more expensive the insurance.

There are also other factors that sway a rate. Some of the main ones are:

Age of operator
Value of boat
location (this is huge)

See this thread for more info on rating:

http://www.offshoreonly.com/forums/i...ends-rate.html