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Yes, I think everyone is paying more now. My insurance went from $2600 to $4200, after switching companies when my insurer lost any underwriters for US boats in the Caribbean.
Good afternoon Gary,
Thanks for your kind message.
As you know I have always been a big fan of yours and so thankful for the countless, excellent and so precise writings you provided the forum over the years.
I am definitely sorry about the damages you experienced during the Hurricane, but I am glad that you had an overall positive insurance experience, and glad Liahona was repaired properly!
I don’t doubt Helvetia will pay (by french law under I am governed) they have 2 years (so until November this year), but they surely try to get as much interest rate as they can…
Hope we meet one day!
On Thu, 2/28/19, Gary Silver via Groups.Io <firstname.lastname@example.org> wrote:
Subject: Re: [AmelYachtOwners] Insurance updates.
Date: Thursday, February 28, 2019, 12:49 PM
I am so sad to hear of the
pain and suffering you have received at the hands of your
insurance company. While I can certainly understand your
feelings about insurance companies and I don't desire to
worsen your pain and suffering, I can say that I had a
reasonably good experience with my insurance claim. The
total repairs were about $135,000, my deductible was $16,000
and the difference was paid as a $60,000 advance to commence
work, with the balance paid in a timely manner when work was
completed. I was insured by YachtInsure thru Offshore Risk
Management (William Coates). I was on site for 10 of the
16 weeks of the repairs and have over 2000 photos (daily
about 50 photos taken by someone I hired to send those
photos to me daily when I wasn't there). It was very
reassuring and helpful to be actively involved in the
repairs as I was able to advise about the Amel construction
techniques and features. Fortunately the rubber scupper
extrusion material was available from Amel or I don't
know what we would have done. The most un-satisfactory
part of my insurance dealings is that the same insurer will
not now insure the boat for the surveyed value. I had to
buy "Excess Insurance" to bring the value up to
the desire limit. I think the insurers are all reacting
(dare I say over-reacting) to their losses in the Caribbean
from Irma and Maria.
I sincerely hope
that somewhere in the companies you are dealing with there
is someone who is honest and will pay your claim, sooner
rather than later.
the best to you,