Cat insurance
#14
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Joined: Oct 2007
Posts: 399
Likes: 550
From: New Smyrna Beach FL/ LOTO MM 21
They base it on experience, previous cat ownership, and speed bracket. If you have a cat that is documented to run over 120, it is expensive and there are very few underwriters. Ex: 36 Wright Performance with 400s I was quoted under 2K--36 Wright Performance with 450s I am paying 7,800 (kinda salty for me but nothing to others that pay over 25K a year).
Joe
Joe
#16
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Joined: Jan 2021
Posts: 902
Likes: 408
From: Gothenburg, Sweden
#17
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Joined: Oct 2000
Posts: 1,495
Likes: 574
From: Lake Ozark, MO USA
They base it on experience, previous cat ownership, and speed bracket. If you have a cat that is documented to run over 120, it is expensive and there are very few underwriters. Ex: 36 Wright Performance with 400s I was quoted under 2K--36 Wright Performance with 450s I am paying 7,800 (kinda salty for me but nothing to others that pay over 25K a year).
Joe
Joe
#18
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Joined: Jun 2005
Posts: 11,901
Likes: 1,138
Its not the boat or the speed its the claims...............if a cat blows over, it gets expensive for them. If you charge 2K a year how many boats do you have to insure to cover ONE total loss? Or you can charge 2K a year for a different style of boat with a less risky claim history.




