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Wow, A great Boat insurance story, finally!

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Old 10-26-2006, 12:14 PM
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Default Re: Wow, A great Boat insurance story, finally!

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Originally Posted by Dblvanos
I have been a progressive adjuster and am now an agent. It is all about your adjuster, plain and simple. A good agent will help you with your claim by giving you insight into the claims process. Plus they will call land raise cain on your behalf if needed.
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Old 10-26-2006, 12:18 PM
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Default Re: Wow, A great Boat insurance story, finally!

Dean
Get a insurance co that will protect you fully.... it just not about the boat..... just my opinion.... based in 20+ years of BS
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Old 10-26-2006, 12:24 PM
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Default Re: Wow, A great Boat insurance story, finally!

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Originally Posted by customryder
BS
CR has it right.

You are all fooling yourselves on how much the agent cares about you. They care about their paychecks and premium renewals.

Your goal as a insured should be to get the best coverage available at the lowest cost. All insurance companies will try to limit losses by denying claims/ paying lower repair/replacement costs.

The whole industry should go to the Geico idea with no agents and lower costs. I know a few agents personally and they all gripe about making less money than in years past because clients are shopping around. The best thing is to annually shop all of your insurance needs.

I think many industries would benefit greatly by cutting out the middleman. Cars and Boats should be sold like groceries (the price marked is the price paid, real price not MSRP). Insurance agents/ realtors should be eliminated just like stock brokers are being weeded out now. Simplify the world and keep more money in the people's pockets!
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Old 10-26-2006, 12:41 PM
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Default Re: Wow, A great Boat insurance story, finally!

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Originally Posted by Jupiter Sunsation
CR has it right.


The best thing is to annually shop all of your insurance needs.

I think many industries would benefit greatly by cutting out the middleman. Cars and Boats should be sold like groceries (the price marked is the price paid, real price not MSRP). Insurance agents/ realtors should be eliminated just like stock brokers are being weeded out now. Simplify the world and keep more money in the people's pockets!

YES and YES!

I shopped around last winter and switched from BoatUS to Progressive and saved quite a bit on an agreed value policy. As far as claims are concerned, my boat is 17 years old so it's hard to insure for partial loss at a reasonable price. Boat US had a 10% per year of age deprecation on partial loss claims. 17 years old = 170%. Does that mean I would owe them money? Basically no partial losses covered on 10 years old or more. Also, to renew with Boat US I would have to have the boat surveyed.
Progressive does cover a partial loss, it was cheaper and the boat did not require a survey.

Last edited by Shah Mat; 10-26-2006 at 12:51 PM.
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Old 10-26-2006, 01:32 PM
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Default Re: Wow, A great Boat insurance story, finally!

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Originally Posted by Jupiter Sunsation
CR has it right.

You are all fooling yourselves on how much the agent cares about you. They care about their paychecks and premium renewals.

Your goal as a insured should be to get the best coverage available at the lowest cost. All insurance companies will try to limit losses by denying claims/ paying lower repair/replacement costs.

The whole industry should go to the Geico idea with no agents and lower costs. I know a few agents personally and they all gripe about making less money than in years past because clients are shopping around. The best thing is to annually shop all of your insurance needs.

I think many industries would benefit greatly by cutting out the middleman. Cars and Boats should be sold like groceries (the price marked is the price paid, real price not MSRP). Insurance agents/ realtors should be eliminated just like stock brokers are being weeded out now. Simplify the world and keep more money in the people's pockets!
In the case of my claim, the Progressive adjuster knew the Mercruiser dealer I took my boat to, they had worked together for many years, whatever the dealer said was good enough for the adjuster, based on their relationship.

Another plus in my case was that there are so many boats in the Clear Lake, TX area that the adjuster specialized in marine claims only.
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Old 10-26-2006, 01:38 PM
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Default Re: Wow, A great Boat insurance story, finally!

I have Progressive Direct and have had 2 claims in the past 2 years 1 yr and 1 day apart. My adjuster was the same on both claims and he specialized in marine claims. He was from the Clearlake area also. Anyway 2 claims and my renewal went down both years by $350 total. I have no agent.
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Old 10-26-2006, 01:57 PM
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Default Re: Wow, A great Boat insurance story, finally!

Well,
I didn't think my post would start such a heated debate about Progressive boat insurance, whew!
Sounds like there are 2 sides to this story, and I appreicate everyone's input. And like alot of issues in life, alot depends on the person you have to deal with, (IE Agent, or Adjuster). And as far as making claims, I've never had to make a boating claim, so I've never had to deal with it, BUT I still have faith in my agent, and that's the way I'm going, good or bad! Like I said earlier, I'm just happy to get reasonable insurance in Florida period!
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Old 10-26-2006, 02:06 PM
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Default Re: Wow, A great Boat insurance story, finally!

TO JUPITER SUNSATION: That's a great idea,I will now collect my social security and ride off into the sunset.
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Old 10-26-2006, 02:33 PM
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Default Re: Wow, A great Boat insurance story, finally!

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TO JUPITER SUNSATION: That's a great idea,I will now collect my social security and ride off into the sunset.

I thought you done that a long time ago, after all you are 94
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Old 10-26-2006, 02:56 PM
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Default Re: Wow, A great Boat insurance story, finally!

I Make More Money By Cashing In Later !
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