Cat vs Mono insurance pricing??
06-28-2019, 06:14 AM
#11
Gold Member
Gold Member
Just looking for some pricing feed back is all. Don't think proving competency is going to be an issue. USCG capt, Helicopter pilot and use to road race super bikes around cute little tracks at over 150mph while trying not to kill the guy next too me. I think i'll be able to handle running a boat that fast and shouldn't have any issues with the class.
I'm pretty sure cat insurance for Lewis Hamilton would would still follow the pricing pattern above and he's the greatest driver in the world
07-01-2019, 03:17 PM
#12
Gold Member
Gold Member
Vee hull insurance: "Ok, that's tolerable."
Cat insurance: "You must be #@&%* kidding me!"
Cat insurance: "You must be #@&%* kidding me!"
07-07-2019, 10:52 AM
#13
Registered
Don't throw in the towel until you have talked to a couple of insurance providers. I bought a 28 Skater a few years back and they required the Tres class, even though I own 6 other boats, have probably 2 or 3 thousand hours in boats, am a licensed pilot, and have an 8xx credit score. I am hoping that this year I will see a drop in rates but I think that it is $2500, plus another $500 to get it added to my umbrella policy. It makes zero financial sense at all, so dont even attempt to do so!
07-16-2019, 04:40 PM
#14
Registered
Join Date: Sep 2001
Location: Houston, TX, USA
Posts: 2,287
Likes: 0
Received 0 Likes
on
0 Posts
As said before, prior cat experience with a cat (slower). If boat is considered over 120 that puts you in another group that did require the Tres class. While on the subject of the Tres class, I had to mull it over a while once I saw what it cost. After taking class and spending 1/2 day in my boat using up a tank of gas I feel it was well worth the investment.
11-12-2019, 11:47 AM
#16
Registered
I found it hard to even find an inc. co that will carry any cat.
$1450.00 just made the payment for the year.
2000 HTM Cat, 650 hp. Formost Inc.
45 yrs old, good record.
$1450.00 just made the payment for the year.
2000 HTM Cat, 650 hp. Formost Inc.
45 yrs old, good record.
11-12-2019, 02:38 PM
#17
My 40 Skater was quoted at $14,600 per year here in Canada.. **** Edit Tres Martin course isn’t recognized by insurance companies in Canada**** or at least mine doesn’t.
Last edited by bigfarmer; 11-12-2019 at 02:40 PM.
11-14-2019, 10:03 AM
#18
Registered
Tres course is recognized in Canada. They only offer a minimal discount for any course taken for all types of boats and the reduction would take years to pay back what you pay for the course. The maximum speed also dictates a lot. Between 125 and 150 MPH is a 30% rate surcharge.
11-14-2019, 12:27 PM
#19
Registered
iTrader: (5)
The Tres class and cat ownership experience was what I was talking about as far as competency. Those seem to be the big factors - in my mind if insuring a 40' V is 1,500 than you can probably expect cat insurance after a couple years to be 4,500-6,000.
I'm pretty sure cat insurance for Lewis Hamilton would would still follow the pricing pattern above and he's the greatest driver in the world
