Insurance

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1

Posted by William A. Cormack (wacormack@…>)

I’ve had my insurance agent looking for coverage for my 1986 F36 and he is finding that they want to exclude mast coverage or not write it at all. I’ve got loads of boating experience, no losses and sail in New England so these items are not the problem.

Has anyone else had this problem? I am currently insured with Boat/US and wonder how they would be in case of a claim.

Bill
Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club, Padanaram Harbor, MA

2

Posted by Lorman, Alvin J. (ajlorman@…>)

Bill:

I insured my F30 with Markel American through International Marine Insurance Services, 410-827-3757. No mast exclusion, higher agreed value than Boat US would offer, and premium went up $23 this year after all the hurricanes last year and a $6K lightning damage claim. I recommend them and my broker highly.

Al Lorman
F30 Ab Initio

-----Original Message-----From: freedomyachts2003@yahoogroups.com [mailto:freedomyachts2003@yahoogroups.com] On Behalf Of William A. CormackSent: Wednesday, March 08, 2006 11:11 AMTo: Freedom 1, ForumSubject: [freedomyachts2003] Insurance
I’ve had my insurance agent looking for coverage for my 1986 F36 and he is finding that they want to exclude mast coverage or not write it at all. I’ve got loads of boating experience, no losses and sail in New England so these items are not the problem.

Has anyone else had this problem? I am currently insured with Boat/US and wonder how they would be in case of a claim.

Bill
Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club, Padanaram Harbor, MA

=00IRS CIRCULAR 230 NOTICE. Any advice expressed above as to tax matters was neither written nor intended by the sender or Mayer, Brown, Rowe Maw LLP to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed under U.S. tax law. If any person uses or refers to any such tax advice in promoting, marketing or recommending a partnership or other entity, investment plan or arrangement to any taxpayer, then (i) the advice was written to support the promotion or marketing (by a person other than Mayer, Brown, Rowe Maw LLP) of that transaction or matter, and (ii) such taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisorThis email and any files transmitted with it are intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. If you are not the named addressee you should not disseminate, distribute or copy this e-mail.

3

Posted by Alan Kusinitz (akusinitz@…>)


I use IMI also for my F33 . No problems or
exclusions.
Alan





From: freedomyachts2003@yahoogroups.com [mailto:freedomyachts2003@yahoogroups.com] On Behalf Of Lorman, Alvin J.
Sent: Wednesday, March 08, 2006
11:22 AM
To: freedomyachts2003@yahoogroups.com
Subject: RE: [freedomyachts2003]
Insurance

Bill:

\



I insured my F30 with Markel American
through International Marine Insurance Services, 410-827-3757. No mast
exclusion, higher agreed value than Boat US would offer, and premium went up
$23 this year after all the hurricanes last year and a $6K lightning damage
claim. I recommend them and my broker highly.

\



Al Lorman


F30 Ab Initio

\

-----Original Message-----
From: freedomyachts2003@yahoogroups.com
[mailto:freedomyachts2003@yahoogroups.com]
On Behalf Of William A. Cormack
Sent: Wednesday, March 08, 2006
11:11 AM
To: Freedom 1, Forum
Subject: [freedomyachts2003]
Insurance

I’ve had my insurance agent looking for coverage for my 1986
F36 and he is finding that they want to exclude mast coverage or not write it
at all. I’ve got loads of boating experience, no losses and sail in New England so these items are not the problem.

\



Has anyone else had this problem? I am currently
insured with Boat/US and wonder how they would be in case of a claim.

\



Bill


Sailing 1986 F36 “Hard Earned” out of New Bedford
Yacht Club, Padanaram Harbor,
MA

\

=00IRS CIRCULAR 230 NOTICE. Any advice expressed above as to tax matters was neither written nor intended by the sender or Mayer, Brown, Rowe Maw LLP to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed under U.S. tax law. If any person uses or refers to any such tax advice in promoting, marketing or recommending a partnership or other entity, investment plan or arrangement to any taxpayer, then (i) the advice was written to support the promotion or marketing (by a person other than Mayer, Brown, Rowe Maw LLP) of that transaction or matter, and (ii) such taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisorThis email and any files transmitted with it are intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. If you are not the named addressee you should not disseminate, distribute or copy this e-mail.

4

Posted by lance_ryley (lance_ryley@…>)

Bill,
My understanding with Boat US was that I would be responsible for the
deductible, regardless of what was damaged. Now that you’ve brought
that up, though, I think I’ll give them a call.

Lance
— In freedomyachts2003@yahoogroups.com, “William A. Cormack”
<wacormack@…> wrote:

I’ve had my insurance agent looking for coverage for my 1986 F36 and
he is finding that they want to exclude mast coverage or not write it
at all. I’ve got loads of boating experience, no losses and sail in
New England so these items are not the problem.

Has anyone else had this problem? I am currently insured with
Boat/US and wonder how they would be in case of a claim.

Bill
Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club,
Padanaram Harbor, MA

5

Posted by dsilvadcs (dsilvadcs@…>)

I just received the renewal insurance policy for my '89 F36/38.
Annual premium is $1069 for $100000 property damage, 1000 deductible
and mast is covered. I’ve never had a claim so do not know how
customer friendly they are. This is with Travelers and the agent is
Gowrie, Barden and Brett in Westbrook CT. I have compared them with
Boat US several times and Travelers has always had a lower premium.
They also cover my dinghy and OB value of 4000 for no extra charge and
a $250 deductile.



— In freedomyachts2003@yahoogroups.com, “lance_ryley”
<lance_ryley@…> wrote:

Bill,
My understanding with Boat US was that I would be responsible for the
deductible, regardless of what was damaged. Now that you’ve brought
that up, though, I think I’ll give them a call.

Lance
— In freedomyachts2003@yahoogroups.com, “William A. Cormack”
<wacormack@> wrote:

I’ve had my insurance agent looking for coverage for my 1986 F36 and
he is finding that they want to exclude mast coverage or not write it
at all. I’ve got loads of boating experience, no losses and sail in
New England so these items are not the problem.

Has anyone else had this problem? I am currently insured with
Boat/US and wonder how they would be in case of a claim.

Bill
Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club,
Padanaram Harbor, MA

6

Posted by tom (ketch_22@…>)

— In freedomyachts2003@yahoogroups.com, “William A. Cormack”
<wacormack@…> wrote:

I’ve had my insurance agent looking for coverage for my 1986 F36 and
he is finding that they want to exclude mast coverage or not write it
at all. I’ve got loads of boating experience, no losses and sail in
New England so these items are not the problem.

Has anyone else had this problem? I am currently insured with
Boat/US and wonder how they would be in case of a claim.

Bill
Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club,
Padanaram Harbor, MA



I ran into the same problem a few years ago when I tried to change
insurance carriers. I had coverage thru West Marine, and despite a
several year track record with them and having 50 mile US coastal
coverage, I wasn’t insured for Hawaiin waters. I could accept that
they wouldn’t insure me past the 50 miles, but I was annoyed they
wouldn’t insure me when I got to Hawaii (from CA). I went thru a
broker to get new insurance and ran into the carbon fiber mast issue
you allude to in your post.

I ended up with Allstate as my carrier. The rate went down, and they
covered me in Hawaii. The carbon fiber masts were not an issue with them.

I’ve made no claims with them, and thus can’t comment on how they
would respond if I needed them.

Tom Marlow
Ketch 22

7

Posted by Norm Friberg (nfriberg@…>)

Tom,

I had Boat US coverage on my old MacGregor 21. I got dismasted when a turnbuckle failed while on a mooring in choppy water. They declared the boat a total loss (book value was only $1200). and sent me a check for $800. Then I had to buy the boat back. Crazy, but that’s how it works, apparently. That cost me another $300. Then they told me that the policy was cancelled, and I should not bother to try to buy insurance from them again. A rigger fixed my boat, finally, for about $900. All because of a rigging failure I could have fixed myself with pieces bought at West Marine for maybe $200. Lesson learned. In addition, when it came time to insure my Freedom 40, I had to answer “yes” to the question, “have you ever had insurance cancelled?” leading to long explanations. I don’t say that this is unique to Boat US, but they were certainly not overly helpful.

Good Luck!

Norm Friberg
S/V Freyja, Freedom 40 K/C

----- Original Message -----
From: tom
To: freedomyachts2003@yahoogroups.com
Sent: Wednesday, March 08, 2006 2:11 PM
Subject: [freedomyachts2003] Re: Insurance
— In freedomyachts2003@yahoogroups.com, “William A. Cormack”<wacormack@…> wrote:>> I’ve had my insurance agent looking for coverage for my 1986 F36 andhe is finding that they want to exclude mast coverage or not write itat all. I’ve got loads of boating experience, no losses and sail inNew England so these items are not the problem.> > Has anyone else had this problem? I am currently insured withBoat/US and wonder how they would be in case of a claim.> > Bill> Sailing 1986 F36 “Hard Earned” out of New Bedford Yacht Club,Padanaram Harbor, MA>I ran into the same problem a few years ago when I tried to changeinsurance carriers. I had coverage thru West Marine, and despite aseveral year track record with them and having 50 mile US coastalcoverage, I wasn’t insured for Hawaiin waters. I could accept thatthey wouldn’t insure me past the 50 miles, but I was annoyed theywouldn’t insure me when I got to Hawaii (from CA). I went thru abroker to get new insurance and ran into the carbon fiber mast issueyou allude to in your post. I ended up with Allstate as my carrier. The rate went down, and theycovered me in Hawaii. The carbon fiber masts were not an issue with them.I’ve made no claims with them, and thus can’t comment on how theywould respond if I needed them.Tom MarlowKetch 22