I received notification from my insurer that the program that provides insurance coverage for my '06 Beneteau 343 is being discontinued.
The underwriter represents additional insurance companies; however, a replacement quote will only be issued AFTER a marine survey is submitted.
My boat is now 15 years old; I have owned it for 9 years and have had it insured by the same company. No insurance claims and the boat is in better than average condition. I understand the underwriter's desire for a survey; however, I am not scheduled for another haul out for another year. I refuse to bare the expense of a haul and survey (approximately $1200) to satisfy the demands of an insurance company that has been increasing premiums substantially every year. Last year I almost pulled the plug on my current insurer and switch to Progressive Insurance Co. Yesterday, I obtained an online quote from Progressive in (10 minutes) with comparable coverage for approximately $700 less than my current policy...no survey required. In previous threads, most of you have been pleased with Progressive Insurance. I think its time for a change. Have any of you experienced this?
The underwriter represents additional insurance companies; however, a replacement quote will only be issued AFTER a marine survey is submitted.
My boat is now 15 years old; I have owned it for 9 years and have had it insured by the same company. No insurance claims and the boat is in better than average condition. I understand the underwriter's desire for a survey; however, I am not scheduled for another haul out for another year. I refuse to bare the expense of a haul and survey (approximately $1200) to satisfy the demands of an insurance company that has been increasing premiums substantially every year. Last year I almost pulled the plug on my current insurer and switch to Progressive Insurance Co. Yesterday, I obtained an online quote from Progressive in (10 minutes) with comparable coverage for approximately $700 less than my current policy...no survey required. In previous threads, most of you have been pleased with Progressive Insurance. I think its time for a change. Have any of you experienced this?