Tim Hendrickson
Member
I have owned several boats and always insured them with Boat US. Never really shopped the competition.
I recently bought a 80 model Mainship ll, I requested and received a quote, sent in my premium along with a few pictures as requested, then went back to work on finishing my updating of the interior. (Thinking I was insured)
2 weeks go by and I get a call from Boat US underwriters who inform me I must have a certified survey performed before they will insure the boat.
While that is not such a bad idea after my updating is complete, I found it very upsetting that such a demand was made. I got a pretty fair deal deal in buying the boat, had it inspected, and only asked to insure it for what I had invested.
Not ready to pay for a survey right now, I have better things and places to spend my money.
After some heated discussion, they agreed to return my money.
I called another respected company, and was quoted the same policy, no survey, only pictures of the interior, exterior, engine bay and helm were requested to get the coverage as requested.
The rate given to me for this policy was virtually HALF that as quoted by Boat US!
My boat is now insured for the amount I have invested. I was told that if I chose to increase my coverage at a later date, a survey would be required. (which makes complete sense to me)
My respect for Boat US has diminished considerably!
T
I recently bought a 80 model Mainship ll, I requested and received a quote, sent in my premium along with a few pictures as requested, then went back to work on finishing my updating of the interior. (Thinking I was insured)
2 weeks go by and I get a call from Boat US underwriters who inform me I must have a certified survey performed before they will insure the boat.
While that is not such a bad idea after my updating is complete, I found it very upsetting that such a demand was made. I got a pretty fair deal deal in buying the boat, had it inspected, and only asked to insure it for what I had invested.
Not ready to pay for a survey right now, I have better things and places to spend my money.
After some heated discussion, they agreed to return my money.
I called another respected company, and was quoted the same policy, no survey, only pictures of the interior, exterior, engine bay and helm were requested to get the coverage as requested.
The rate given to me for this policy was virtually HALF that as quoted by Boat US!
My boat is now insured for the amount I have invested. I was told that if I chose to increase my coverage at a later date, a survey would be required. (which makes complete sense to me)
My respect for Boat US has diminished considerably!
T