[Public-list] Insurance Quotes

[John Birch]

H*ly smoke, that's a lot. Up here in Ontario Canada we pay about $850 (CDN)
a year for our A-37, $120,000 agreed Hull valuation with $2 million
Liability. Including a 15 year no claims bonus. Deductible of $1,000 which
is waved in the event of a total loss. I can't get over how expensive
insurance is in the US.

Best of luck.

Regards,

John

----- Original Message ----- 
From: "Dudley Baker" <dudley.baker at kongsberg.com>
To: <public-list at alberg30.org>
Sent: Tuesday, April 20, 2004 10:30 AM
Subject: [Public-list] Insurance Quotes


>
>
>
>
> Hello All:
>
> I am in need of a reality check on insurance premiums.  Here is the scoop:
I have received a couple
> of insurance quotes for my A30 from International Marine Insurance
Services (IMIS) in Grasonville,
> MD.  They are a reputable outfit, and come highly recommended from others
on this site.   Here are
> the 2 quotes received:
> (Note both quotes are for a hull valuation of $17,500, liability of
$300,000)
>
>
> 1)  Agreed Value quote (partial losses repaired minus deductable ($500).
Yearly premium $782.
>
> 2)  Actual Cash Value quote (In case of partial loss, they will depreciate
the part being repaired
> due to age).  For an A30, 1968 vintage, you can see that the depreciation
would be quite sizable!
> Yearly Premium $434
>
>  It would be nice to have the comfort of the agreed value policy, but not
at $782/year.  Has anyone
> else done better out there?
>
> Thanks for assistance.
> Dudley Baker,  #297
>
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