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-   -   Just opened my Ins. renewal. (https://www.offshoreonly.com/forums/general-boating-discussion/125912-just-opened-my-ins-renewal.html)

Chuck 03-26-2006 09:06 PM

Just opened my Ins. renewal.
 
I can't believe a 49 percent increase for six months of coverage. I know there have been alot of these threads lately, but something needs to be done!!!!

CAP071 03-26-2006 09:10 PM

Re: Just opened my Ins. renewal.
 
who are you insured with ?

masher44 03-26-2006 09:10 PM

Re: Just opened my Ins. renewal.
 
Legal Crime.... blows big time. :mad:

CAP071 03-26-2006 09:12 PM

Re: Just opened my Ins. renewal.
 
Between the Insurance prices and gas prices I don't see how this sport/business can keep growing :mad:

My car/truck rates went down almost every other year. Boats well they go up every year :(

Pantera1 03-26-2006 09:13 PM

Re: Just opened my Ins. renewal.
 
Insurance "the worlds biggest scam" :mad: :mad:

GLH 03-26-2006 09:19 PM

Re: Just opened my Ins. renewal.
 
Ouchhh.

Shah Mat 03-26-2006 09:22 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by CAP071
who are you insured with ?

Yeah who?


I just renewed through Progressive.... Not bad for an 25' older vessel with an agreed value.

Harper220 03-26-2006 09:34 PM

Re: Just opened my Ins. renewal.
 
66% increase for no reason? :eek: I'd be asking why? :rolleyes:

What's up with cat ins. anyway? Are there a bunch of out of control guys wrecking these things or what? :rolleyes:

OU Want Some?!! 03-26-2006 09:49 PM

Re: Just opened my Ins. renewal.
 
mine went up about 4k... :(

GLH 03-26-2006 09:53 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by OU Want Some?!!
mine went up about 4k... :(

That should be Sean H's share...

Sean H 03-26-2006 09:55 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by GLH
That should be Sean H's share...

hey now, i haven't rode in that boat this year at all... :drink:

Sean H 03-26-2006 09:56 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by OU Want Some?!!
mine went up about 4k... :(

they found out you added a tunnel tab.... :eek:

WeaponX 03-26-2006 10:01 PM

Re: Just opened my Ins. renewal.
 
Mine went up $1450. and that's on a 8 month lay up :mad:

Chuck 03-26-2006 10:03 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by 3600cat
Mine went up $1450. and that's on a 8 month lay up :mad:

I think mine is 6 month and went up almost 3K.

Chuck 03-26-2006 10:03 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by Shah Mat
Yeah who?


I just renewed through Progressive.... Not bad for an 25' older vessel with an agreed value.

Sea-Safe/ Axis

blaniac 03-26-2006 10:04 PM

Re: Just opened my Ins. renewal.
 
This is the single reason for me not buying a CAT and I am in the insurance business, just not the boat insurance business :(

Chuck 03-26-2006 10:07 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by 3600cat
Mine went up $1450. and that's on a 8 month lay up :mad:

Where are you located. and who insures you?

SHARKEY-IMAGES 03-26-2006 10:25 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by Harper220
What's up with cat ins. anyway? :rolleyes:

Double Hull: Double the insurance.... :rolleyes: :( :(

Chuck 03-26-2006 10:32 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by sharkeymarine
Double Hull: Double the insurance.... :rolleyes: :( :(

How about half the surface area, half the cost? :rolleyes:

SHARKEY-IMAGES 03-26-2006 10:44 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by Chuck
How about half the surface area, half the cost? :rolleyes:

Maybe if all the thieves get busted, and boats aren't stolen so often... :rolleyes:

I know....Wishful thinking... :D

44MTI 03-26-2006 11:08 PM

Re: Just opened my Ins. renewal.
 
That sucks, not the kind of stories we like to hear.
I'm just wondering though, If it went up 3k and that was a 66% increase, you were only paying $4500.

berns29scarab 03-26-2006 11:21 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by sharkeymarine
Double Hull: Double the insurance.... :rolleyes: :( :(


you mean double pleasure...my renewal is in May...i'm scared to death. looking at classifieds every day

SHARKEY-IMAGES 03-26-2006 11:53 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by berns29scarab
you mean double pleasure...my renewal is in May...i'm scared to death. looking at classifieds every day

Oh yeah! DPT: Double Pentration Tax... :D :D :evilb:

H20 Toie 03-27-2006 02:19 AM

Re: Just opened my Ins. renewal.
 
who nneds sitikingk insurandce anyway

Chuck 03-27-2006 04:15 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by 42MTI
That sucks, not the kind of stories we like to hear.
I'm just wondering though, If it went up 3k and that was a 66% increase, you were only paying $4500.

5300.00 to 7900.00. Sorry my math mistake. 49 percent. I was so mad i couldn't think :mad:

sleeper_dave 03-27-2006 08:28 AM

Re: Just opened my Ins. renewal.
 
Mines about the same, maybe a little lower. Just paid $1064 for the year, through progressive. No specific layup period, but since it's insured in Michigan it's pretty much a 6 month season anyway.

Harper220 03-27-2006 09:44 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by h20 toie
who nneds sitikingk insurandce anyway

What? :rolleyes:

BLee 03-27-2006 09:52 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by Sean H
they found out you added a tunnel tab.... :eek:


and that NorTech cut holes in the bottom. :D

44MTI 03-27-2006 09:56 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by Chuck
5300.00 to 7900.00. Sorry my math mistake. 49 percent. I was so mad i couldn't think :mad:

I feel your pain bro. Love boating, HATE boat insurance.

44MTI 03-27-2006 09:57 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by TwinStepGun
and that NorTech cut holes in the bottom. :D

ROTFLMAO. :D :D :D

Hey, I'm going to be in that boat in a couple of days, Hope they used the good silicone. :evilb:

Harper220 03-27-2006 10:08 AM

Re: Just opened my Ins. renewal.
 
I pay $750 per yr. on a 2001 eliminator 28 daytona 496 ho's... :rolleyes:

Is there a length, hp or speed point at which rates drastically increase on cats?

gotime34 03-27-2006 10:24 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by Harper220
I pay $750 per yr. on a 2001 eliminator 28 daytona 496 ho's... :rolleyes:

Is there a length, hp or speed point at which rates drastically increase on cats?

Who is it through??

Harper220 03-27-2006 11:52 AM

Re: Just opened my Ins. renewal.
 

Originally Posted by gotime34
Who is it through??

ACE American Ins. Co. - INAMAR

Dean Ferry 03-27-2006 11:57 AM

Re: Just opened my Ins. renewal.
 
Chuck,
insurance is the main reason i sold our Eliminator cat years ago! :mad:
I just got our home owners insurance renewal, and it went up $500 this year! :mad:
Dean

LostinBoston 03-27-2006 12:12 PM

Re: Just opened my Ins. renewal.
 
JUST SAY NO TO OVERPRICED INS.
although 7900 actually doesnt seem that bad for a Cat. get an umbrella policy to cover liability and insure for theft on another policy if need be.

Harper220 03-27-2006 12:20 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by LostinBoston
JUST SAY NO TO OVERPRICED INS.
although 7900 actually doesnt seem that bad for a Cat. get an umbrella policy to cover liability and insure for theft on another policy if need be.

I think $7900 is outrageous no matter what kind of performance boat it is... :rolleyes:

LostinBoston 03-27-2006 12:28 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by Harper220
I think $7900 is outrageous no matter what kind of performance boat it is... :rolleyes:

outrageous yes, but relatively speaking, ive seen worse.

either way, just dont pay it. drop the policy. F' it. its not worth it.

Sydwayz 03-27-2006 02:45 PM

Re: Just opened my Ins. renewal.
 
Just got mine. Same as last year to the penny, thank goodness & knock on wood.

docmanrich37 03-27-2006 02:48 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by Sydwayz
Just got mine. Same as last year to the penny, thank goodness & knock on wood.

Can't beleive that when you had 6 outdrive breaks and 17 flat or lost tires. :evilb: :D

Sydwayz 03-27-2006 02:53 PM

Re: Just opened my Ins. renewal.
 

Originally Posted by docmanrich37
Can't beleive that when you had 6 outdrive breaks and 17 flat or lost tires. :evilb: :D

Yep, I already had a flat on the dually. SOB!!


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