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5k FOR CAT. INS.(NO FRICKIN WAY)

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Old 02-26-2002, 09:28 PM
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Thumbs down 5k FOR CAT. INS.(NO FRICKIN WAY)

PMA just quoted me 5K for a yearly premium and thats with a 2 month layup.Hell I live here in Fla. and thats not happening.I`m 45 yoa and have 10 years boating exp. and drive professionally for a living with no Accidents and 1 speeding ticket in 1982 for 67 in a 55. The boat was ins. for 110k top speed 115mph.If this is the norm I guess I might have to go back to the V`s...
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Old 02-26-2002, 09:33 PM
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Jump on it thats cheap. Mine was over 16,000 dollars last year.
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Old 02-26-2002, 09:42 PM
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i pay $300 per season for a 27' scarab
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Pardon me, while I whip this out!
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Old 02-26-2002, 09:51 PM
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Call Bill at Blackadar, I pay $2400 fpr my 30' Spectre with extra liability etc
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Old 02-26-2002, 09:59 PM
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try worldwide marine in lansing mich rates are based on declared value and speed yes mine is over yours but has a high value and speed
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Old 02-26-2002, 10:14 PM
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2000 Carrera 257 Cat. custom power...$850.00 / yr
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Old 02-26-2002, 10:18 PM
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Insurance is getting out of hand. New 32 skater with 575 $7000/yr. Then again there are no just minor or fender benders with a boat. Usually the claim is for a total loss. I'm thinking of paying off the boat and only taking liability and fuel spillage ins. The banks will start to watch closer and require ins. on any financed boats. This might just be the start of a boom for older boats which are refurbished to near new.
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Old 02-26-2002, 10:26 PM
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I pay under $900 for my cat through Boat US.
 
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Old 02-26-2002, 10:41 PM
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Pma for my new Thunder was 4608.00, way too much, I also emailed the other three companies , and Blackadar replied they would get back to me. Sy was the cheapest at 3100.00, but Im not willing to pay that much, need to fine tune that Sy, boat will be done April 15.
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Old 02-26-2002, 10:51 PM
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I honestly think that we (cat owners) and also HP boat owners will be in for a rude awakening this insurance season. I am not sure yet...but I would bet money that my insurance company doesn't even renew me. And with the insurance companies that write High Performance boat policies declining and getin gout of that type of ...insurance will not be available. Prices are going to go up a minimum 35%...just like my business insurance and building insurance....and THEY blame it all on 9-11

packinair...what type of boat do you have?
Jazzman...be thankful at 3100.00 My cat is about that of not a little more.
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