[alberg30] Insurance

[SandersM at aol.com]

From: SandersM at aol.com

I bought my A30 quite unexpectedly, and had to scramble for insurance.  The 
first place I called was BOAT/US, and they insured it without difficulty.  I 
have no idea whether BOAT/US's premiums are high or low in price for the 
policies they write.  As a general rule, though, I would not compare policy 
premiums by themselves as a way of deciding whom to use.  Insurance policies 
cover all sorts of risks in all sorts of ways, and their deductibles and 
policy exclusions and loss limitations all affect the premium -- as, for that 
matter, does the geographical location in which you find yourself, and the 
cruising range for which you are insuring your vessel, and your own 
experience as a yachtsman.  

The market for insurance is pretty competitive.  In theory, at least, you 
shouldn't find too great a disparity for premiums among insurers for 
comparable policies in the same region.  The better course is to shop based 
on the underwriter's track record in processing and paying claims.  As for 
this, I have no earthly idea who is good and who is not.  As I said, the 
circumstances of my purchase drove me to buy the first policy I could find.  
Happily, I've never had occasion to find out first-hand how any marine 
insurer handles its claims.  Does anyone have any experience with BOAT/US in 
this respect?

Sanders McNew
WILD ELF  (# 297)
New York City

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