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Cat Insurance Situation Has Gone Beyond Ridiculous!

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Old 07-01-2007, 05:59 AM
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American Reliable is the cat ins. company that Bob represents. I had Markel ins. before. They are cheaper by a significant amount, but still too much in my opinion. They offer some benefits as far as coverage goes. I got cat experience first in a stock 28 Daytona with twins.
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Old 07-01-2007, 07:29 AM
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Shoot, I forgot, just tell them you stayed at a Holiday Inn last night...thanks Rob....:-))
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Old 07-01-2007, 08:56 AM
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I switched to American Reliable, I did use Markel for years, I have the same coverage for a few hundred less a year now, on a 35 fountain with blue motors,
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Old 07-01-2007, 09:27 AM
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If you can't beat'em join. Buy a smaller cat with stock power and run it a couple of years. Get the experience and then get ready to bend over when you step up to bigger power.

It's a shame how the cat insurance works. I guess safe boating experience in a fast V doesn't account for chit anymore.
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Old 07-01-2007, 02:29 PM
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Quote:
Originally Posted by Dean Ferry View Post
Bob's the MAN!
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insurance for cats International Water Foundation Assoc.
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Old 07-01-2007, 02:32 PM
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Originally Posted by rfurr View Post
insurance for cats International Water Foundation Assoc.
I have the insurance on my 30 spectre and is $2000 per year
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Old 07-01-2007, 07:15 PM
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Default How much is enough CAT experience?

I just bought a 30' Daytona with twin 525EFI. Insurance was contingent for the loan and I have Insurance with Allstate. They bound the policy and then underwriting kicked it back citing that they don't write policies on boats that go over 65mph. I have coverage with Allstate through mid August and then will have to have find other insurance. What is the minimum amount of CAT experience and do they expect you to prove this experience, and if so, how? My search for insurance will begin again Monday and plan on going into the search ready.
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Old 07-02-2007, 02:15 PM
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Originally Posted by Chuck View Post
There is a new player already doing business. I don't think they will write a no cat exp. policy , but they are much more competitive than Markel. Call Bob Luellan at Worldwide Marine Group.
This is the call to make.
Stop listening to V bottom owners that "heard stuff" and listen to cat owners who have legit insurance.
These cat insurance posts are getting as bad as the step bottom spin outs and the apache threads.
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Old 07-02-2007, 02:45 PM
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Originally Posted by Tantrum View Post
This is the call to make.
Stop listening to V bottom owners that "heard stuff" and listen to cat owners who have legit insurance.
These cat insurance posts are getting as bad as the step bottom spin outs and the apache threads.
Yeah, but then you would take away one of the vee manufacturers' most clever marketing ploys. I noted that Allstate will not insure ANY boat over 65 mph, but that was treated on here like a "Cat" problem. Of course many vee bottoms do not go over 65 mph...even the 100 mph ones.



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Old 07-02-2007, 02:45 PM
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Good point Chris!
However, there is a problem here. Twice I was ready to make a move on a 36 Spectre w/ mild power and have yet to be approved for an insurance request.
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