Liability Only Cat Insurance
#11
Registered
Re: Liability Only Cat Insurance
How about lowering the stated value of the boat to almost nothing. I believe that will accomplish what you are asking. Talk to your Markel agent for cat ins.
#12
Platinum Member
Platinum Member
Re: Liability Only Cat Insurance
The trick with lowering the "stated" value, is that the insurance companies like Markel may require a survey/appraisal. That value is what the company will use....period.
Anyway, that's what I was told after they were asked to lower the stated value on my Jag.
Due
Anyway, that's what I was told after they were asked to lower the stated value on my Jag.
Due
#13
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Join Date: May 2001
Location: Houston, Texas
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Re: Liability Only Cat Insurance
I write alot of policies covering the boat for Storage and Transit only and Liability Coverage while the boat is in use on the water. Give me a call.
Ken Collier
Elton Porter Marine Insurance
800 759-2628 Ext. 200
Ken Collier
Elton Porter Marine Insurance
800 759-2628 Ext. 200
#14
Platinum Member
Platinum Member
Re: Liability Only Cat Insurance
I'd like to add that Ken @ Elton Porter has been great to work with and I trust him.
And no,,,, he won't give me a discount for posting this.
Due
And no,,,, he won't give me a discount for posting this.
Due
#18
Geronimo36
Gold Member
Re: Liability Only Cat Insurance
They question would be, why ONLY have liability and not full coverage...
Chris Rock said it right. It shouldn't be called insurance, it should be called "just in case".
Just in case SH!T happens!
Chris Rock said it right. It shouldn't be called insurance, it should be called "just in case".
Just in case SH!T happens!
#19
Re: Liability Only Cat Insurance
liability.....then a low totaled out value.........so if your boat is appraised at 150,000. total declared value 50,000..........try it......if you do more then 50,000. damage you most likely dont want it anymore...........
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11-08-2002 10:45 PM