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Cat Insurance: You guys are scaring me

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Old 09-10-2007, 10:24 PM
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eliminator daytona 24 in NJ $593/yr foremost insurance co.

only my second boat and first one i've insured...didn't think it was too bad...
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Old 09-14-2007, 01:18 PM
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Originally Posted by offshoresteve
Cat insurance is expensive,but compare it to simliar valued Helicopter insurance it is cheap! $ 180,000 R22 $8,000-$10,000year
Try insuring a Bell Triple Deuce (222) - don't even want to tell you what we pay to insure the company chopper...
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Old 01-26-2008, 07:55 AM
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Originally Posted by dirtlawyer
Try insuring a Bell Triple Deuce (222) - don't even want to tell you what we pay to insure the company chopper...
Their is no paralell. The chopper creates revenue, you pass
running cost onto the client. Boats are for pleasure, the do not
create revenue they FREKEN eat revenue, kinda like my bride.
PS: If your chopper is for pleasue>>>Then we live in to
diff worlds and you can not understand the probloms of the
purist go-fast owner with incomes <250K.
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Old 01-26-2008, 11:21 AM
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Smitty, You may want to check with your local ins. agent. State Farm almost wrote my DCB 1150HP. I was completely honest with the agent on what I was buying. I think if the value would have been less, they would have done it to get the rest of my insurance business. But I'm with American Reliable 3200/yr., no tickets, accidents, cat experience. Hate to write the check, but life is short.
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Old 01-26-2008, 06:19 PM
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I have a 25 Daytona with 800hp insured with American Family for $524 a year. Allstate quoted me about the same money. I told both of them the hp. I have prior cat experience.
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Old 01-27-2008, 02:38 PM
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Originally Posted by GCAT911
Their is no paralell. The chopper creates revenue, you pass
running cost onto the client. Boats are for pleasure, the do not
create revenue they FREKEN eat revenue, kinda like my bride.
PS: If your chopper is for pleasue>>>Then we live in to
diff worlds and you can not understand the probloms of the
purist go-fast owner with incomes <250K.
Wow - you really are an idiot - not only can you not read, you come on here an insult your bride... I'm sure she (or is it a he) would be pleased with your analogy that they are like a boat - for pleasure only and an expense (by the way, nice spelling - what is "FREKEN" supposed to be?). If you read my post I said our "company" helicopter - and no its not a revenue generator, its an important tool for our business.

As for your comment "you cannot understand the problems of the purist go fast owner with incomes <250K" I don't even know how to respond... I guess in your "hater" world if someone makes more than you then they are not a "purist" go-fast owner... I'm sure that more than a few on this board would disagree with this uneducated assessment.

Get a life....
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Old 01-29-2008, 08:37 AM
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With the cats that are now called deck boats or called the fastest deck boat ect., is the insurance different because it is called a deck boat or does it still go back to bottom configuration
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Old 01-29-2008, 03:31 PM
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Originally Posted by CLIMAX
With the cats that are now called deck boats or called the fastest deck boat ect., is the insurance different because it is called a deck boat or does it still go back to bottom configuration
A cat is a cat no matter what "cap" they put on the hull. It is an air entrapment hull. Cut the sponsons off and the middle section is nothing but an airplane wing. I see the above examples of insured cats for low $$$ and I can only say, I hope if you ever have to file a claim that you aren't unpleasantly surprised. I was also open and honest with Progressive when I had my Formula some years ago but found out after the fact from another friend of mine who is an agent that if I had filed a claim they probably would not have honored it. Better make sure the person quoting you knows marine insurance.

A V bottom with enough HP can be hard to insure. I couldn't get insured on my Top Gun by any "conventional" companies. Had to go to Markel and I can assure you, it isn't anywhere near $524 a year. I have a buddy with a 30' Eliminator Daytona with procharged 500EFI's. Guy has no reason to lie to me about his coverage/premiums. How about $8K a year with a $20K deductible. Not me bro. I love going fast as much as anyone but not at that price.

Just be careful and make sure your a s s is covered guys.

Last edited by Croozin2; 01-29-2008 at 05:17 PM.
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Old 01-30-2008, 01:05 PM
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REGGIE IS BEMIND IT ALL
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Old 01-30-2008, 01:28 PM
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Originally Posted by Cat man do
REGGIE IS BEMIND IT ALL
That's pretty dam n funny! Conspiracy theory!!
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