Insurance...Progressive vs Zurich

[Baker]

Zurich is $720 more than Progressive($1280 vs $2000)!!!* Is there any reason I should go on with Zurich???* Back when I was shopping initially it was only a 200 dollar spread and the guy sold me on the reputation of Zurich.* They have since gone up significantly.* And the Agent really apologetically couldn't convince me not to switch...

What do y'all think???

 

[Forkliftt]

Baker,We had Progressive Ins. on our last vessel and they paid quickly after she sank in Katrina. They would not cover our current vessel due to the size or I would certainly use them.
Steve

 

[Capn Chuck]

John, you might take a look at your renewal with Zurick. It is reported that they have reworded their policies to make it easy for them to reject almost any claims. Chuck

 

[RED]

I haven't dealt with either company, so I can't help on the choice, but I didn't think progressive offered yacht coverage. I've had a good relationship with Chubb, and while I haven't had to collect (thankfully) but members of my club had some total fire losses and they were well taken care of.

 

[Baker]

RED,They do have upper limits to their coverage of boats. When I shopped them 3 years ago, those limits were 30ft and $100k. I think they have since gone up to 35ft and $150k or something like that. So if you are a high(er) roller, then they probably don't have anything for ya.

Thanks for the input guys. Keep it coming if ya got it.