Same thing happened to me. My boat is insured through BoatUS, for inland US lakes & rivers (which excludes the Great Lakes), and for racing. For 2016 I paid $511. For 2017 I paid $521. For 2018 it jumped 10% to $574.
In 2016, the underwriter for BoatUS insurance was National Liability & Fire Insurance Company. For 2017 it switched to GEICO. When I first obtained the insurance in 2016, BoatUS also had a diminishing deductible policy under which my deductible diminishes by 25% of the original deductible, per year, to zero for the fifth year, as long as I do not claim any losses in the first four years. It looks like the diminishing deductible policy is still in effect with GEICO, because my deductible has gone from $600 in 2016 to $375 in 2017 to $250 in 2018. Cheers, Randy Stafford S/V Grenadine C&C 30-1 #7 Ken Caryl, CO > On Feb 3, 2018, at 1:50 PM, ahycrace ahycrace via CnC-List > <cnc-list@cnc-list.com> wrote: > > Hello all > > Well I just got my insurance bill from boat US and it went up > 238$ a pretty big increase. I called to ask why and they said it was > nothing on my end rates just went up. I am wondering if everybody else got > raised as well? I tried to increase my deductible which is zero, to say 4% > or so to lower my rates. They said they can't do that because they have a > automatic lowering of the deductible over time and once it reaches zero it > must stay there. Sounds like they just want to keep the bill up! 1100$ for > 40k, might have to start shopping, any feedback? > > > > Gary K > "Liberty" 1976 38' MKll > > _______________________________________________ > > Thanks everyone for supporting this list with your contributions. Each and > every one is greatly appreciated. If you want to support the list - use > PayPal to send contribution -- https://www.paypal.me/stumurray >
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