300% + Increase???? WTF

I have ACE through Dawn Speros at Gowrie Barden & Brett in CT and they have been very reasonable, settled small claims at least with no hassle and fast. Dawn is super broker, was very proactive when Zurich got out of the business, and excellent at getting claims processed. 800-262-8911 x 1653. Highly recommended. I had to talk to an adjuster at ACE once when the Whaler got scrunched and he knew boats, and according to the yard who fixed it they were great to deal with.
 
quote:
Originally posted by caltexfla

I have ACE through Dawn Speros at Gowrie Barden & Brett in CT and they have been very reasonable, settled small claims at least with no hassle and fast. Dawn is super broker, was very proactive when Zurich got out of the business, and excellent at getting claims processed. 800-262-8911 x 1653. Highly recommended. I had to talk to an adjuster at ACE once when the Whaler got scrunched and he knew boats, and according to the yard who fixed it they were great to deal with.
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While some seem to be struggling other companies, this is great feedback to see. Also, nice to see we still have some reasonable alternatives.. I wasn't planning on making any changes, but the feedback here on BE regarding Travelers has my concern...

I'd like to know IF we ever have a problem that I don't have to fight and scratch my way through a claim... ACE is sounding better to me everyday.. So, I am seriously considering. I also appear to be making my local agent work a little harder it seems... not intentionally, but I want to see him show me the value of staying with Travelers at this point...
 
My faith is now getting restored in the boat insurance industry. With some of the suggestions provided here I am now getting quotes in the same range that I was paying. Boat/US must be out of their mind with a 300% + increase to my prior rate. While I have not yet made a final decision on a carrier there a several in the running...
 
perhaps someone made an error in your quote. have you addressed with them the disparity in pricing?
 
Yes I called them right away after getting the quote, and was told that due to the number of claims they had the rates went up. They played with the coverage but were still so far out of line. Plus why would I want a 2 or 3% deductable?? I will give them one more shot before I sign elsewhere, but to be honest I am not very pleased with how my claim had been handled. I still do not have a full payoff of the agreed upon value even though they have had a lien release for 3 weeks... ARRRRHHHHH...
 
The beauty of it now is that once you have a quote or 2 in hand..
then the table turns and YOU hold the cards!!! :)

and then somehow, they suddenly feel the need to become competitive again... (funny how that works)
I still somehow feel it's all a BIG game to them.. and their a bunch of crooks!! lol
 
We have Progressive. My insurance premiums have gone up about $100 in the past 6 years.
This includes one claim for around $10,000 for Hurricane Ike.
If they give you a check and you don't think it is right, they will send a surveyor to
see if the claim is correct or not, and send another check to cover repairs.
They even let me add a 19 ft. center console fishing boat for and additional $125/year.
That saved me a buttload of money, instead of getting a complete new policy for another boat.
 
Anyone have Liberty Mutual Insurance? My home and automobiles are with Liberty Mutual. I was pondering moving my boat insurance to them also. How are they to deal with for boats?
 
Bill,
Give Fitzpatrick agency a call and ask for Melody tell her I refered you. They are fantastic to work with and will find the best insurance for your boat. When you call you actually have a person on the other end of the phone. How cool is that.

http://www.fitzpatrickagency.com/
 
I posted a thread on BoatUS questioning this 300% increase and asked someone to please tell me this wasn't true. I got this reply and hope he might be able to help anyone who may have experienced the some or similar thing.

Audrey II,

There are many factors that are considered when determining the premium for an insurance policy. Unfortunately we have seen an increase in weather related losses over the past few years and have had to make some adjustments to our rates. I would be happy to review the specifics of the quote that was provided to your friend. I can be reached at the number below or via email.

Michael Pellerin, VP

Director of Underwriting

703-461-2878, ext. 3402

I'm not looking for anyone to give him a hard time but if he can help maybe it would be worth a phone call. I have been very happy with BoatUS and I would hate to leave if the price is even close to others I will stay but if it is worlds apart I will run. Good luck to all I hope the coming year doesn't break the bank for all of us.
 
There are much better choices than BUS, shop around.

I got a policy from Progresive with much better coverage at a lower rate. They have been fantastic with the two claims I have had.
 
Don't understand how the insurance companies work! I got a quote from Progresive as well and they were triple the $$$ from travelers and double on the boat. Just don't get it.
 
I spoke to Mike and he is going to double check the numbers and get back to me tomorrow. At this point however it looks as if Catlin thru Total Dollar in in the lead for my business.
 
quote:
Originally posted by Victorias Secret

I spoke to Mike and he is going to double check the numbers and get back to me tomorrow. At this point however it looks as if Catlin thru Total Dollar in in the lead for my business.

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Bill, out of three underwriter that my insurance company reviewed, they went with Catlin for me. I just received my new policy and it was better than prior companies who got out of boat insurance now. Feel free to give Fitzpatrick a call. They are located in Ct.
 
Bob thank you. I am already getting quotes on Catlin from another broker. Your team would be locked out of quoting me once they put my name into the system. It is however good to hear that you have them as well and are very happy with them. To date they have the best quote and better coverage to boot.... I will most likly sign with them tomorrow so I can schedule my closing.... BK... :--)))
 
Congratulations are in order! Can't wait to see the pictures. Oh and the Christening party.

Remember if you rename her you have to perform the ceromony correctly to avoid bad luck!
 
Bob I believe that already had the bad luck, and her name was Sandy.... BTW - Thank you..... :--)))
 
Insurance companies balance their loss risk geographically. Once they have filled up their quota for an area, rates skyrocket to discourage new business.
 
Hi Les, that seems to make sense & I agree... Just wonder IF they handle their claims any differently based on geographical location? Meaning the concerns I've seen here regarding a specific carrier on the Sandy claims... Will we see the same sub par treatment IF/when we ever have a claim here in the Great Lakes area?

I know it's a hard question to answer till one has actually experienced the claim process with any company.. Judging by the problems we've seen on Sandy, has been an eye opener when it comes to which companies step up & which ones do not.. (& thus why BE is so helpful)
 
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