Liability Only Cat Insurance
 

Is is possible to get theft and Liability only cat insurance?

Re: Liability Only Cat Insurance
 

Why not have a 12 month layup wouldnt that be the same thing ? Im interested in this also. Look in the insurance forum I asked the same question. Just have not had time to call and check.

Re: Liability Only Cat Insurance
 

Me too,28 Skater and 35 Motion

Re: Liability Only Cat Insurance
 

I've been wondering this myself.

Re: Liability Only Cat Insurance
 

I am not an Insurance Agent but I beleive that you can get Liability only if you own your Boat free and clear. If you have debt agains it, your Lender will require full converage.

Gregg Reichman

Re: Liability Only Cat Insurance
 

Contact Ken Collier: [email protected] at Elton Porter and discuss it with him. He explained the options to me.
Due

Re: Liability Only Cat Insurance
 

Wouldn't an umbrella policy work?

Re: Liability Only Cat Insurance
 

Thanks,Due, I missed your post.

Re: Liability Only Cat Insurance
 

Most will not cover cats

Re: Liability Only Cat Insurance
 

I've set some up where they get the Liability through Total or whom ever and then we do the rest on Inland Marine Policy. Basically insured till it hits the water.

We do the same type of thing for NASCAR and INDY Teams for the truck/rig and race car while traveling to the races.

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...........