Are high cat rates getting higher?
#7
Joined: Jan 2010
Posts: 651
Likes: 0
From: Gurnee IL

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

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 ..
Last edited by fountainfan42; 09-21-2011 at 12:31 PM.
#8
Registered
Joined: Dec 2008
Posts: 618
Likes: 4

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

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 ..
Markel btw.
#9
Joined: Jan 2010
Posts: 651
Likes: 0
From: Gurnee IL
down 1 K per annum
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
#10
Registered
Joined: Dec 2008
Posts: 618
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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.



