Cat Insurance Situation Has Gone Beyond Ridiculous!
#21
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American Reliable is the cat ins. company that Bob represents. I had Markel ins. before. They are cheaper by a significant amount, but still too much in my opinion. They offer some benefits as far as coverage goes. I got cat experience first in a stock 28 Daytona with twins.
#24
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Join Date: May 2005
Location: LOTO Performance Boat Center
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If you can't beat'em join. Buy a smaller cat with stock power and run it a couple of years. Get the experience and then get ready to bend over when you step up to bigger power.
It's a shame how the cat insurance works. I guess safe boating experience in a fast V doesn't account for chit anymore.
It's a shame how the cat insurance works. I guess safe boating experience in a fast V doesn't account for chit anymore.
#27
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How much is enough CAT experience?
I just bought a 30' Daytona with twin 525EFI. Insurance was contingent for the loan and I have Insurance with Allstate. They bound the policy and then underwriting kicked it back citing that they don't write policies on boats that go over 65mph. I have coverage with Allstate through mid August and then will have to have find other insurance. What is the minimum amount of CAT experience and do they expect you to prove this experience, and if so, how? My search for insurance will begin again Monday and plan on going into the search ready.
#28
Stop listening to V bottom owners that "heard stuff" and listen to cat owners who have legit insurance.
These cat insurance posts are getting as bad as the step bottom spin outs and the apache threads.
#29
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T2x
#30
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Good point Chris!
However, there is a problem here. Twice I was ready to make a move on a 36 Spectre w/ mild power and have yet to be approved for an insurance request.
However, there is a problem here. Twice I was ready to make a move on a 36 Spectre w/ mild power and have yet to be approved for an insurance request.