[Public-list] Insurance

[Tim Erwin]

Hello, I insured my Alberg 30 with Hagerty Insurance through Martha Scott, 
who is a life long Alberg 30 sailor. I was with Boats Us and had no problems 
except they wouldn't insure my boat for over $ 20,000 in value.
The premium is less with Hagerty but most importantly the insurance is " 
stated value". That means that they don't depreciate the loss on a partial 
or total basis.  Boat US insurance pays actual cash value which could be 
less than your insured value.If an insurance company has the opportunity to 
depreciate something made in the 60's, believe me, they will.

Any insurance company that knows anything about insuring boats or yachts 
will require a survey. Hagerty requires a survey and a follow up one every 
three years.I'm happy to do it because I know that my boat is properly 
insured. With proper care, these classics should appreciate, not depreciate.

Over and out, Tim Erwin, Sonsy, # 200  , Rockport, Texas






----- Original Message ----- 
From: "Peter Staehling" <staehpj1 at yahoo.com>
To: "Alberg 30 Public List -- open to all" <public-list at alberg30.org>
Sent: Thursday, December 29, 2005 11:06 AM
Subject: [Public-list] Insurance


>I am shopping for insurance for my recently purchased
> A30.   Suggestions/advice welcome.
>
> I was suprised at the quote I got from Boat US, as it
> was $1026 and required a survey Which I assume will be
> several hundred dollars.  Maybe I shouldn't be
> suprised, but this was 9 times what I was paying on my
> C22.
>
> An excerp from the quote is appended below.  Is this
> reasonable?  Where else should I get quotes from?
>
> Pete
> #554
> +++++++++++++++++++++++++++++++++++++++++++++++++++
> Type of Boat : ALBERG 30 1974 WHITBY BOAT WORKS 30
> Cruising Area :  U.S. Atlantic Coastal Waters
> excluding Florida
>
> SUMMARY OF COVERAGES
> Boat and Boating Equipment (Agreed Hull Value) :
> $7,500.00
> Boat and Boating Equipment Deductible :        $600.00
> Boating Liability :    $100,000.00
> Fuel and Other Spill Liability :    $500,000.00
> Medical Payments :      $1,000.00
> Boat Trailer :           $.00
> Trailer Deductible :  $.00
> Personal Effects :           $.00
> Personal Effects Deductible :  $.00
> Uninsured Boater Protection-Limit each Accident :
> $100,000.00
>
> TOTAL ANNUAL PREMIUM :   $1,012.00
> BOAT U.S. MEMBERSHIP (Required if not a Member) :
> $14.00
> TOTAL ANNUAL COST :   $1,026.00
>
>
>
>
>
>
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