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Cat Insurance?????

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Old 08-24-2004, 09:56 AM
  #31
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Default Re: Cat Insurance?????

I only have a 26' Eliminator and I use First Marine Insurance. $625 a year, with a $500 deductiable!! I have 15years boating experience and have owned and insured cats since 1995. Never a claim, or accident, they have been my insurer for 15 years.

They tell me that any boat over 25' goes on a "Yacht" policy, and that is why their insurance is much cheaper.

573-348-2743 is their contact information, and I think that they only write in the midwest.

I sold my old 25' eliminator cat, and the new owner uses Farm Bureau out of St. Louis and he only pays $680 a year.
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Old 08-24-2004, 09:59 AM
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Default Re: Cat Insurance?????

Quote:
Originally Posted by Chuck
LennyR, Please post that phone number. I would like to speak to you about this purchase. I can be reached at 518 796 3325. Thank you for your time.

Chuck,

I will ask Bruce Miller the info on his 36 Spectre. That might be a little more apples to apples for you. (36 Nortech)
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Old 08-24-2004, 07:49 PM
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Default Re: Cat Insurance?????

My phone is 866-805-3691 and I did try calling you.
First Marine is a great company. If you venture a look at the policy it might say Markel on it. First Marine is also a Markel agent (along with being an insurance company). Great Folks in Missouri.
Yes I did work for Markel, until February I was the Director of Marine Insurance. I resigned to take the opportunity to become Vice President, Sales and Marketing for American Marine Insurance Services, who has been doing performance boat insurance since 1988.
I am not cutting on ANPAC, they are an excellent personal lines company, I am simply saying they don't understand what your boat is because they don't do a lot of boats or performance boats. Someone else summed up what could happen if a claim occurs. Pricing varies by speed, the faster the boat, the more the cost, v-hull or cat. Simply put Cats just go faster with less power. The very speed calculator used by Markel can be found at http://go-fast.com/boat_speed_predictions.htm While the speeds might not be exactly accurate they will be a predictor of speed and equate to dollars.
Hope that helps
Lenny
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Old 08-24-2004, 07:53 PM
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Default Re: Cat Insurance?????

markel just did a 30 spectre w/ twin 500hp for me at $4k, if you're paying less I wouldn't be telling anybody about it...
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Old 08-25-2004, 11:02 PM
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Unhappy Re: Cat Insurance?????

50' Nortech with 1100's---$10,800.00/year... or about $3600.00/hour of boating pleasure!!
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Old 08-25-2004, 11:30 PM
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ouch......
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Old 08-26-2004, 08:39 AM
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Default Re: Cat Insurance?????

Quote:
Originally Posted by Lenny R
Hopefully another market will enter, but we better stop seeing pictures of flipped cats!!!
thanks
lenny
Aint that the truth...
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Old 08-26-2004, 11:29 AM
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Default Re: Cat Insurance?????

Wow if Chuck's considering a "V" hull what will be next??? Marriage?
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Old 08-26-2004, 12:24 PM
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Default Re: Cat Insurance?????

Then comes the Sea Ray....
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Old 08-27-2004, 09:22 AM
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Default Re: Cat Insurance?????

Quote:
Originally Posted by GLH
Wow if Chuck's considering a "V" hull what will be next??? Marriage?

Is this a better investment??!!!
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