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Old 12-29-2004, 05:43 PM
  #21
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Default Re: insurance sucks

Sure would be nice if they offer us a policy and take your money, and we go ahead and buy the boat because we now have ins., they need to be held accountable for canceling a policy shortly after you get the boat. Maybe make them buy the boat off us!
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Old 12-29-2004, 05:55 PM
  #22
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Default Re: insurance sucks

I have allstate with both of my cats one is a 2005 Spectre 300pro max's -2002 Couger300 pro max's both will run over100mph.
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Old 12-29-2004, 06:23 PM
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Default Re: insurance sucks

Quote:
Originally Posted by Dean Ferry
Call Bob L. @ world wide marine, I bet he can set you up. Bob has been great to work with, no run around.
Dean
That is who i went through.

Its being handled, i just needed to vent cuz i was pissed.
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Old 12-29-2004, 11:28 PM
  #24
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Default Re: insurance sucks

Quote:
Originally Posted by Rocky
Lost in Boston,
As a broker for Markel with significant premium volume, I will lay out in simple terms for you and others on this board the basic underwriting considerations for CATS. First, the operator is underwritten considering age, experience with similiar size and type of vessel to be insured, safety courses, and MVR. As these are named operator policies, all operators are underwritten. Next the vessel is underwritten to include manufacturer, engines, speed, and safety equipment. Finally, other considerations are reviewed to include navigation territory, mooring and storage locations, winter lay-up, previous losses (if any), and if a trailer is involved the type of tow vehicle and its towing capacity.
Assuming all of the above is acceptable, the hull value and speed will determine the minimum deductible and premium charge for the hull. I should note that Markel is not a market for CATS under 26' in length or over 120 mph. Also, if you need higher limits of liability (up to $1,000,000) you better have the right experience and be over age 30. PLEASE NOTE, all CAT quotes must be approved by a company underwriter prior to releasing a quote or binding coverage, NO EXCEPTIONS. This rule applies to all agents, even those of us with underwriting and policy issuance authority.
CATS are difficult to insure and it is a very small marketplace for them. That said, Markel is the leader in writing them and they have been doing so for many years.
If anyone has a specific question, I will check this thread and respond or you can call me @ 1-800-530-3357 and I will try to help. I am not soliciting business here ( I don't need it) I simply want to try and help this board understand what goes into insuring a CAT.

REMEMBER, BIG BROTHER IS ALWAYS WATCHING.... EVEN ON OSO
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Old 12-29-2004, 11:43 PM
  #25
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Default Re: insurance sucks

Quote:
Originally Posted by CAP071
That's what the Ins companies want They figure if you can afford a boat like that then pay up
OH if were that simple................
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Old 12-30-2004, 08:40 AM
  #26
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Default Re: insurance sucks

REMEMBER, BIG BROTHER IS ALWAYS WATCHING.... EVEN ON OSO

so true you think an Ins co. isn't looking on here from time to time reading about what we say we do with our boats
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Old 12-30-2004, 08:49 AM
  #27
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Default Re: insurance sucks

Quote:
Originally Posted by CAP071
REMEMBER, BIG BROTHER IS ALWAYS WATCHING.... EVEN ON OSO

so true you think an Ins co. isn't looking on here from time to time reading about what we say we do with our boats
Kinda doubt their searching their files for poilicies under:

CAP071, Risk Taker, Sean H, LostinBoston & CMG!
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Old 12-30-2004, 10:24 AM
  #28
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Default Re: insurance sucks

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Originally Posted by craig223
The problem with Bob is not getting him on the phone, it's getting off of the phone with him!!
Craig, you stole that quote from me 'cause I've posted that before.
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Old 12-30-2004, 10:29 AM
  #29
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Default Re: insurance sucks

Quote:
Originally Posted by Macklin
Craig, you stole that quote from me 'cause I've posted that before.
Did not!!! Maybe we just think alike! See you in Richmond?
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