BoatUS rate drop:)

Audrey II

Audrey II

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Member
Joined
Aug 5, 2008
RO Number
30499
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6,405
Did anyone else get a nice surprise of reduced bill?
I just got my bill today and it went down about $300 made my day!
 
Your boat may of passed the point of age where it's guaranteed replacement value. So now they depreciate any claim. Check your policy.
 
I have always had an agreed value policy, they just lowered my rate. I'm good with this being they raised it last year after Sandy, now they corrected this and returned it to where I was.
 
Ok butt I know that some policies even agreed value use depreciation on older boats. Agreed value is just for total loss. So say you hit a log and lose both props and rudders. They pay only a small percentage of that. Newer boats they don't do that.
 
The old scam, raise it, then a year later, lower it to what it was and you think they reduced it
 
I'm pretty sure that is what I just said however I'm still happy with the new old number:)
I did have a claim and they paid out a bit of money far more then the increase I had for a year. I can't and won't complain.
 
I'm pretty sure that is what I just said however I'm still happy with the new old number:)
I did have a claim and they paid out a bit of money far more then the increase I had for a year. I can't and won't complain.
 
Alot of times machinery becomes acv as boat gets older but hull stays agreed value check policy language
 
There were no major changes just a discount for no claims which was enough to make me happy.
 
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