It's actually only on parts you can't prove are not over 20 years old. Then
the parts reimbursement starts dropping off. Labor is covered 100%Thanks, Danny
-------- Original message --------From: David Risch via CnC-List
<cnc-list@cnc-list.com> Date: 11/10/19 4:39 PM (GMT-05:00) To:
cnc-list@cnc-list.com Cc: David Risch <davidrisc...@msn.com> Subject: Stus-List
Boat insurance...reimbursement vs. depreciated coverage...
I may be repeating myself here, but it bears repeating. Check your boat
coverage. BoatIUS had reimbursement coverage before they switched to GEICO as
their carrier last year. Now it is depreciated value coverage. Reimbursement
coverage
pays for replacing damages up to the agreed value. Depreciated coverage drops
to 20% over time to where most of our boats would only receive 20% of fixing
damages! I switched coverage when I learned of this and I still pay the same
premium.
I bring this up because one of our brethren has been caught by this issue after
a recent incident. If your broker cannot find a reimbursement carrier, let me
know. I will provide the contact info of my guy.
____________________________________________________________
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ragingbull.com
http://thirdpartyoffers.juno.com/TGL3141/5dc88a035f22ea0250aest02vuc
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