Notices

Insurance problems!

Old 02-06-2006, 03:16 PM
  #1  
Registered
Thread Starter
 
miamioffshore's Avatar
 
Join Date: Jun 2005
Location: Miami,FL
Posts: 246
Likes: 0
Received 0 Likes on 0 Posts
Default Insurance problems!

Has anyone been able to get a new marine insurance policy in Miami-Dade County this year? I just called Sy Goldberg and "Bob or Gregg" who were also recommended by people on this site. Both said "No new policies in Dade County"?!?! Due to the 2 hurricanes for last year? I'm about to buy a boat, but will obviously need insurance first. Help?!!?
miamioffshore is offline  
Old 02-06-2006, 03:24 PM
  #2  
Registered
 
GoCiggie31's Avatar
 
Join Date: Mar 2005
Location: Where the water meets the oaks 'n Pines in the Sierra Nevada's of NorCal
Posts: 975
Likes: 0
Received 1 Like on 1 Post
Default Re: Insurance problems!

sorry to hear-that sucks.
Have you tried Jack Martin in Annapolis, Md 410-626-1000?
Good luck
GoCiggie31 is offline  
Old 02-06-2006, 04:29 PM
  #3  
Platinum Member
Platinum Member
 
CAP071's Avatar
 
Join Date: Jul 2001
Location: USA
Posts: 16,435
Received 2 Likes on 2 Posts
Default Re: Insurance problems!

Problem was TOO MANY people if not everyone just left their boats there hoping it would be totaled I bet

I wonder how high Ins is going to be this season for us boaters with boats


My buddy's grandpop lives down there said everyone he knows on his canal lost their boats every single 1
CAP071 is offline  
Old 02-06-2006, 04:57 PM
  #4  
Offshoreonly Advertiser
Offshoreonly Advertiser
 
Join Date: Jan 2001
Location: spring valley,ny usa
Posts: 2,063
Likes: 0
Received 25 Likes on 12 Posts
Default Re: Insurance problems!

I can write high performance policies in DADE county but windstorm coverage is excluded and the rates are out of this world.I am working on a program and will know more after a meeting at the MIAMI boat show.I won't make any promises as I have been down this road before.
sy goldberg is offline  
Old 02-06-2006, 04:58 PM
  #5  
Registered
 
Rocky's Avatar
 
Join Date: Oct 2002
Location: St. Louis, Mo.
Posts: 77
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Insurance problems!

Insurance in Southeast Florida is a problem and will remain an issue for quite some time. Most carriers feel they have too much exposure for the area and are not writing new policies, in fact they will be non-renewing existing policies.
For those that can find coverage expect higher deductibles (especially for windstorm) and higher premiums (+ 30-50%). Also, you better have a hurricane plan for what you will do if a hurricane is approaching. Simply stating you will tie it down to your boat lift will not be acceptable.
The problem is so severe that even companies like Progressive will soon no longer write boats over 30' or $100,000 in value (per a recent news release). Progressive has already taken this approach to Gulf Coast business.
Good luck.
Rocky is offline  
Old 02-06-2006, 05:02 PM
  #6  
Offshoreonly Advertiser
Offshoreonly Advertiser
 
Join Date: Jan 2001
Location: spring valley,ny usa
Posts: 2,063
Likes: 0
Received 25 Likes on 12 Posts
Default Re: Insurance problems!

TO CAPO ! The rates are going up because you keep raising the price of stamps and when you have to mail thousands of policies it makes an impact.
sy goldberg is offline  
Old 02-06-2006, 05:08 PM
  #7  
VIP Member
VIP Member
 
drypipetiger's Avatar
 
Join Date: Jan 2004
Location: Lake Champlain, NY
Posts: 3,467
Received 8 Likes on 7 Posts
Default Re: Insurance problems!

Originally Posted by sy goldberg
TO CAPO ! The rates are going up because you keep raising the price of stamps and when you have to mail thousands of policies it makes an impact.
I'd like to keep my rate down so I'll PM you my fax number...
drypipetiger is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
chuckgo6
General Boating Discussion
20
08-18-2005 06:22 PM
sy goldberg
General Boating Discussion
19
07-07-2005 03:07 PM
thespy
General Boating Discussion
3
09-23-2003 09:27 PM
Too slow
General Boating Discussion
3
11-26-2002 12:18 AM
Pure Energy
General Boating Discussion
0
11-21-2002 08:04 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Quick Reply: Insurance problems!


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.