Re: Liability Only Cat Insurance
 

How about lowering the stated value of the boat to almost nothing. I believe that will accomplish what you are asking. Talk to your Markel agent for cat ins.

Re: Liability Only Cat Insurance
 

The trick with lowering the "stated" value, is that the insurance companies like Markel may require a survey/appraisal. That value is what the company will use....period.
Anyway, that's what I was told after they were asked to lower the stated value on my Jag.
Due

Re: Liability Only Cat Insurance
 

I write alot of policies covering the boat for Storage and Transit only and Liability Coverage while the boat is in use on the water. Give me a call.

Ken Collier
Elton Porter Marine Insurance
800 759-2628 Ext. 200

Re: Liability Only Cat Insurance
 

I'd like to add that Ken @ Elton Porter has been great to work with and I trust him.
And no,,,, he won't give me a discount for posting this. :D
Due

Re: Liability Only Cat Insurance
 

Unfortunately, I'll bet most of the premium thats charged is for "liability".....

Re: Liability Only Cat Insurance
 

My cat policy the liability is only 22% of the total premium. I just got my renewal today.

Re: Liability Only Cat Insurance
 

Brad-
Mine too, but I believe if you buy liability-only, it's about 65% of what you pay for full coverage.
Ken can tell you.
Due

Re: Liability Only Cat Insurance
 

They question would be, why ONLY have liability and not full coverage... :rolleyes:

Chris Rock said it right. It shouldn't be called insurance, it should be called "just in case".





Just in case SH!T happens! :eek:

Re: Liability Only Cat Insurance
 

liability.....then a low totaled out value.........so if your boat is appraised at 150,000. total declared value 50,000..........try it......if you do more then 50,000. damage you most likely dont want it anymore...........