Insurance Comparison
|
Bill Kinney
Mark,
I agree it might be helpful but the forum rules specifically prohibit "criticism of persons or businesses in which you may have experienced unsatisfactory results..." and I am being pretty critical here. I might be taking that rule a bit too literally, but one of the things I have learned about insurance policies is they are highly variable in terms of costs and terms, frequently in ways that aren't at all transparent. I hesitate to recommend--or condemn--an underwriter or broker by name based on language in one policy. It is certainly within the rules to say that we are insured through the Gowrie Group as brokers supplying a policy underwritten by Merkal. It is expensive, but checks most of our boxes, and has a minimum of "gotcha!" clauses in the policy language. Bill Kinney SM160, Harmonie Hollywood, FL, USA |
|
|
|
It might be help to others to share the company names of those you evaluated.
With best regards,
Mark
Skipper Sailing Vessel - Cream Puff www.creampuff.us
From:
main@AmelYachtOwners.groups.io [mailto:main@AmelYachtOwners.groups.io] On
Behalf Of Bill Kinney
We have found that the number of insurance underwriters is
(slowly!) growing again after so many beat a hasty retreat from the market
after the disaster that was the 2019 hurricane season in the Caribbean. |
|
|
|
Bill Kinney
We have found that the number of insurance underwriters is (slowly!) growing again after so many beat a hasty retreat from the market after the disaster that was the 2019 hurricane season in the Caribbean.
We are especially difficult customers since we live aboard full time, are USA flagged, and have no fixed home port. But we did manage to get at least two new quotes this year. Unfortunately, one was prohibitive in cost, and the second, while apparently price competitive, was, to our standard, a terrible policy. We do have one more iron in the fire, but at this point it looks like we will be sticking with our current underwriters as the best value, albeit not cheap. You can see our evaluation here: https://fetchinketch.net/boat_thoughts/insurance-good-bad-and-ugly/ We have deliberately avoided using names in this discussion. Policies are highly individualized, and the same company might quote you something very different than they did us. This is more about letting you know what to look for when you read a policy. The last thing you need is to find out that your coverage is way more restricted than you thought AFTER you have a claim... Bill Kinney SM160, Harmonie Hollywood, FL, USA |
|
|