The change was that things other than the agreed upon hull value depreciate for 
older boats.  I saw the new provision in my GEICO policy after this list 
alerted me to it.

From: Allen Miles via CnC-List 
Sent: Monday, November 11, 2019 4:17 PM
To: CNC 
Cc: Allen Miles 
Subject: Re: Stus-List Boat insurance...reimbursement vs. depreciated 
coverage...

I have agreed hull value with BoatUS.  I don't remember seeing a change in 
coverage.

Allen Miles
S/v Septima
C&C 30-2

Hampton, VA


On Sun, Nov 10, 2019 at 4:39 PM David Risch via CnC-List 
<cnc-list@cnc-list.com> wrote:

  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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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

_______________________________________________

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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