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-   -   Are high cat rates getting higher? (https://www.offshoreonly.com/forums/insurance-finance/261389-high-cat-rates-getting-higher.html)

TDSracing 08-30-2011 09:29 PM

Are high cat rates getting higher?
 
Not an owner yet but heard rates the past few week took a major jump. True?

sy goldberg 08-30-2011 10:47 PM

Cat Rates
 
Not with our program.

Dueclaws 09-01-2011 09:04 AM

Not in my case

WakezoneINS 09-01-2011 09:39 AM

None of our three cat carriers rates have gone up either.

fountainfan42 09-01-2011 10:06 AM

not in our case either,switched from Markel to Stacy @ wakezone and should of done it years ago

CLA 09-21-2011 11:41 AM

Mine have gone down every year. This is my 8th year of owning a cat style hull.

fountainfan42 09-21-2011 11:49 AM


Originally Posted by CLA (Post 3508639)
Mine have gone down every year. This is my 8th year of owning a cat style hull.







:bsflag:
then must be a small Cat and she's depreciating like a rock ... none of the guys at our powerboat club experience reduced rates every year not even on my home or pick-up ..oh do tell :drink:
Stacy do your customers rates go down every year ??????????????????? i always thought the yearly depreciation made up for the economic rate increases and balanced themselves out ..

CLA 09-21-2011 03:07 PM


Originally Posted by fountainfan42 (Post 3508643)
:bsflag:
then must be a small Cat and she's depreciating like a rock ... none of the guys at our powerboat club experience reduced rates every year not even on my home or pick-up ..oh do tell :drink:
Stacy do your customers rates go down every year ??????????????????? i always thought the yearly depreciation made up for the economic rate increases and balanced themselves out ..

You are a ****ing smart ass. My boat is a 2005. Gone down every year with over $1K savings from previous year.

Markel btw.

fountainfan42 09-21-2011 03:27 PM


Originally Posted by CLA (Post 3508849)
You are a ****ing smart ass. My boat is a 2005. Gone down every year with over $1K savings from previous year.

Markel btw.

thats a first :coolcowboy: down 1 K per annum :bong:you must be lowering the value annually as well .I'll have to call Loyds of London and ask them why my car premiums are'nt going down ..LOL

CLA 09-21-2011 04:40 PM


Originally Posted by fountainfan42 (Post 3508880)
thats a first :coolcowboy: down 1 K per annum :bong:you must be lowering the value annually as well .I'll have to call Loyds of London and ask them why my car premiums are'nt going down ..LOL

Call Hagerty for your cars. That's what I do. I paid way under market value for my cat 2 years ago when the market was tanked. I could probably sell it and make money. Only thing close to it in the classifieds is 81K and it has week power.


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