Cat insurance
#12
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#14
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They base it on experience, previous cat ownership, and speed bracket. If you have a cat that is documented to run over 120, it is expensive and there are very few underwriters. Ex: 36 Wright Performance with 400s I was quoted under 2K--36 Wright Performance with 450s I am paying 7,800 (kinda salty for me but nothing to others that pay over 25K a year).
Joe
Joe
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carnutsx2 (03-11-2022)
#15
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I had a great talk yesterday with Scott from Wozencraft about insuring my Skater 28 - I need a survey first, but so far so good.
MDS
MDS
#16
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#17
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They base it on experience, previous cat ownership, and speed bracket. If you have a cat that is documented to run over 120, it is expensive and there are very few underwriters. Ex: 36 Wright Performance with 400s I was quoted under 2K--36 Wright Performance with 450s I am paying 7,800 (kinda salty for me but nothing to others that pay over 25K a year).
Joe
Joe
#18
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Its not the boat or the speed its the claims...............if a cat blows over, it gets expensive for them. If you charge 2K a year how many boats do you have to insure to cover ONE total loss? Or you can charge 2K a year for a different style of boat with a less risky claim history.
#19
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I have been insured by Allstate in the past on a 27MTR, Talon 25 Carrier and a Hustler Talon 25 but it looks like those days are over. I don't think they even have an option anymore.