BoatUS insurance increase

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Muskrat

Well-known member
Joined
Jun 12, 2006
Messages
2,209
Location
Harrison, Tn.
I'm not sure how many people have boat insurance but my premium with BoatUS just increased...$66.00 ! Here's my letter...

( 1 ) Congratulations ! Because of my excellent claims record my Diminishing Deductible decreases my hull deductible 25% !

( 2 ) The increase in your premium is to cover the rising costs of providing insurance protection for your investment.
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Phooey ! I knew nothing good could happen from BoatUS changing to Geico as their underwriter a couple of years ago. I've had BoatUS for years - no claims - excellent credit rating. I'll keep my TowBoatUS but it might be time to make a change with my insurance.
 
Boats US magazine says the hurricane season had $ 655 million in boat claims. We will pay for these for a long time, pretty much whomever we use. I have Boats US,, but don't renew till May, so my increase is coming.
 

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