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Attn.... All Cat Owners,please Help

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Old 05-04-2003, 08:30 AM
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Sy Goldberg wouldn't touch it either.I have owned boats for over 20 yrs and have had only 3 claims,unfortunately they were in the past 3-4 yrs.Some morons decided they needed my drive more than i did,so i woke up one sat. morning to go boating only to find my drive was gone.The boat was sitting in my driveway but my homeowners insurance wouldn't cover it.That one costs the insurance company about$7,500.The other claims were small ones,you know the standard submerged object good bye prop thing and submerged object which left the bottom of my boat badly gouged for about 16 ft.Both of those claims were under$800.00 each.I thought about just paying for the smaller claims myself,but then got to thinking that is what i have insurance for.If i would of known then what i know now i would of just pd for the smaller claims.One insurance company said they wouldn't insure a HTM because of the accident that killed Steve Columbe(sp) and his employees,which i said was B.S.What is PMA short for Shane

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Old 05-04-2003, 08:40 AM
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Try calling Rick Felsen from High Risk racing on the East Coast. They can pretty much find coverage for anything. Sorry I don't have the number, but usually has ad in Propeller rag.
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Old 05-04-2003, 11:10 PM
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State Farm insured my cat with stock power, but when I put the big motors in, I went to World Wide. Try World Wide if you haven't already.
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Old 05-05-2003, 02:06 AM
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I have a HTM and with insurance . American Family with no problem. Good luck
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Old 05-05-2003, 08:16 AM
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rbtnt,
you wouldnt happen to have a phone number or the city and sta
te that world wide is in would you.American Family wouldnt touch it.

TEAM30,
what is the phone number or city and state for high risk racing.

thanks for the info guys

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Old 05-05-2003, 08:31 AM
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BAD HTM SR 24,

Their numbers are 800-339-1235 and 517-333-4100.

They are located in E. Lansing MI and have agreed value policies.

Good luck.
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Old 05-05-2003, 08:58 AM
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Hey Bad
I have my HTM through Markel, it is at agreed value but at least its covered, I think they valued it at like $67,000. I paid around $2,300 last year but have never had any claims.
Good luck
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Old 05-05-2003, 11:52 PM
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Good news guys,.I talked with my insurance agent today and asked if she would insure my boat and after about a 2 1/2 hr wait she called back and said that the underwriter wrote the policy with out any problems.I couldnt beleive it,i asked her why she wouldnt do it 8 months ago and she said that the claims were to recent at the time and now there not.This is the same company that cancelled me 2 yrs ago,i was only paying $432.00 a yr, my premium now is $972.00 a yr,but i have to carry $300,000/ $500,000 liabilty instead of $100,000/$300,000.I only insured it for $70,000 for the boat and $6,000 for the trailer.I just hope i dont get that letter in about a month saying that the policy has been cancelled due to my hull not fitting their configurations.I will keep you guys posted.
THANKS FOR ALL THE INFO GUYS
TODD
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