FYI, I also have an 18 foot runabout insured with Progressive for about $200 per year.
I did have a potential issue when I first switched the 42. Based on my proposed agreed upon value of $50K, the application had to go to underwriting, and the broker said I may need a survey. Underwriting then looked it over and decided a survey was unnecessary. My broker opined that if my proposed value had been higher than $50K, the underwriter likely would have reached a different conclusion. Matt C&C 42 Custom From: Della Barba, Joe via CnC-List <cnc-list@cnc-list.com> Sent: Tuesday, June 28, 2022 9:46 AM To: Stus-List <cnc-list@cnc-list.com> Cc: Della Barba, Joe <joe.della.ba...@ssa.gov> Subject: Stus-List Re: [EXTERNAL] Re: Insurance... what is to much? I keep waiting for Progressive to get revealed as a huge scheme. I was paying $700/yr. to Geico (nee BoatUS) for ONE boat and now I have all three of my boats on Progressive with better coverage for $700/yr. They had no issue with quoting a C&C 41 and I think their website states they go up to 50 feet or so. I am also about to switch my car insurance to them, same deal, better coverage for less money. Not that I would actually try it, but my Boston Whaler is insured to go 100 miles offshore from Maine to Florida and so is the dinghy. How do they do this? I also wonder about the insured value, on the form to sign up it is whatever you say it is. I wonder if it has some algorithm to flag wildly inappropriate values. I swear I was being careful, but my $150,000 dinghy got loose and vanished. Darn the luck! Joe Della Barba Coquina
