Think i am gonna give my boat away when the time comes. Not yet. No offers please
On Wed, Apr 1, 2020 at 12:53 PM Josh Muckley via CnC-List < cnc-list@cnc-list.com> wrote: > Agreed value is for your sake. You know you have way more than 70k tied > up in the boat regardless of how much you can sell it for. > > Josh Muckley > S/V Sea Hawk > 1989 C&C 37+ > Solomons, MD > > On Wed, Apr 1, 2020, 10:26 CHARLES SCHEAFFER via CnC-List < > cnc-list@cnc-list.com> wrote: > >> FWIW, my premium is based on agreed value. At $40K agreed value, the >> premium is $716 w Progressive within 75 nautical miles. They didn't >> require any survey, so I save on that. I believe BoatUS requires a survery >> before insuring and every five years. I also get a discount for no claims >> for over ten years, and safe boating course. To me she's worth $70K but >> I'll be lucky to sell for $25K, with today's market. And that was before >> considering Covid-19. I probably could save some money on the premium by >> dropping the value, but I'm not sure I want to do that. >> >> Chuck Scheaffer, 1989 C&C 34R, Pasadena, Md >> >> >> On April 1, 2020 at 8:38 AM Joe Della Barba via CnC-List < >> cnc-list@cnc-list.com> wrote: >> >> All policies have some restrictions. I never had winter layup, usually >> the boat gets used 12 months a year more or less. My old navigation limit >> without a rider was the Chesapeake and Delaware Bays. Now I have by default >> the East Coast and Gulf Coast and out 75 miles. I could pay a bit extra and >> get 100 miles out for Coquina, they won't cover a 13 foot Boston Whaler >> past 75 miles out for some reason LOL. I think I can add Mexico and Canada >> pretty cheaply, but from the sounds of the policy they probably assume I >> would trailer the Whaler there and launch it to go fishing, not sure about >> sailing to Mexico from here. >> >> Coquina was paid off long before this list existed, so I can just take >> off and not worry about insurance if I have to. >> >> Joe >> >> Coquina C&C 35 MK I Kent Island MD USA >> >> >> On 4/1/2020 8:02 AM, Josh Muckley via CnC-List wrote: >> >> Joe, I'm pretty sure if you check, your "full coverage" has limitations >> as to where you are covered and under what type of operating conditions. >> For example, when we purchased Sea Hawk we had "full coverage" but were not >> covered for any type of racing. The recreational boating we were covered >> for was only on the inland waters of the Chesapeake Bay, Delaware Bay and >> associated tributaries (the policy called out the lines of demarcation), >> and we had a winter lay-up period of December 1st to April 1st. Since then >> we've moved to commercial insurance for operating the boat as a 6-Pack, we >> also shifted the layup period to between January 1st and April 1st. The >> original price was ~$800/yr, now we're ~$1300/yr. >> >> During the delivery from NYC we needed a letter from the underwriter >> stating that for the purpose of delivery we could travel between certain >> dates and along a limited path in order to get the boat home. >> >> As for blue water and international travel I've heard that the biggest >> thing to do is to get the boat paid off so that keeping insurance is not >> required for the bank. There are companies who will provide coverage >> unlimited coverage but the more cost effective way to get by is to plan >> your trip with the insurance company and pay for the limited amount of >> coverage needed for the duration and location of your travel. For example, >> it might be $3000 to get across the Atlantic Ocean and then $1000/yr for >> the duration of your stay in the Med, then $3000 to get back across. >> >> Josh Muckley >> S/V Sea Hawk >> 1989 C&C 37+ >> Solomons, MD >> >> On Tue, Mar 31, 2020, 08:57 Joe Della Barba via CnC-List < >> cnc-list@cnc-list.com> wrote: >> >> Is someone paying $3,000 for insurance? Yikes!!!!! >> >> I am paying about $600 for THREE boats full coverage with Progressive. >> IIRC, declared value of $25K on Coquina and $1500 each for the dinghy >> and the Whaler. >> >> Joe >> >> Coquina C&C 35 MK I Kent Island MD USA >> >> >> _______________________________________________ >> >> 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 >> >> _______________________________________________ >> >> 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 >> >> _______________________________________________ > > 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 > > -- Sent from Gmail Mobile
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