NBOA insurance?

C

Cobalt 25

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exMember
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I've had Progressive Insurance for several years and have had no issues with them. Another thread mentioned NBOA so I thought I would check them out.

The quote NBOA gave me was from Ace American Insurance. The premium is reasonable but the real question, of course, is how they handle claims. Has anyone had first hand experience with Ace American Insurance in this regard?

thanks, Peter
 
I have Ace as well. I cannot speak as to how well they handle claims, however, their ratings amongst their piers is superb.

I do know one of the reasons my rates dropped by 50% is because my cruising limits are from Cape Henry to Cape Charles and west.

If I desire to cruise east of that, I can buy a rider for a specified period of time with buffers on either side. This year I may take advantage of that a couple of times. If so, I shall keep you posted. However, for 99.999% of my boating NBOA/Ace suits me.
 
Can't comment on what you asked, but do yourself a favor and get a copy of the policy (sample) before you sign on with them or anyone else.

Read the policy carefully, IMHO, the only way to match apples to apples is by having the actual policy and reading it through. The deceleration page only shows part of the story.

Even though I spelled out what I wanted 2 years ago with NBOA, I did not get what I expected.

Not blaming NBOA, and to be honest, it was my fault for not reading the policy and just comparing the declaration page.
About 6 months into the policy, I was looking for coverage about hauling the boat if a hurricane was to strike, I did have that coverage, but found I was not covered for a lot of other things.

Just a heads up

Walter
 
walterv,

I've read it cover to cover as has a friend of the family who is in the insurance business. I agree you are correct in that due diligence is necessary in all things insurance. If it doesn't fit, don't buy it.

My insurance, like yours, does not cover hurricane haul outs. However, where I berth, the likelihood of that necessity is slim to none. I am willing to absorb that cost should it need to be absorbed. Where I boat the likelihood statistically is once every 20 or so years. Of course that does not take AlGore issues into account!;~).

Caveat emptor.
 
I think Walter said he did have insurance coverage. Most insurance companies will provide a benefit here.
 
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