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BoatUS insurance to Geico Marine Insurance - did you get your renewal?

  • August 15, 2017 4:25 PM
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    Message # 5031459
    Anonymous member (Administrator)

    Seems that BoatUS has moved their insurance underwriter to Geico Marine Insurance. 

    I discovered that my owner did not get the yearly renewal notification at the end of April due to this switch over. 

    Geico Marine  - restarted the same coverage from the old termination date since they messed up. 

    Further, Pygmalion hull value was first at $31,100 (down from 36,000) -- then he offered to check another rating service -- and we got a higher a hull value of $33,600 and a lower yearly cost with same coverage.   

    HTH

    Jay 
  • August 19, 2017 6:27 PM
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    Reply # 5038077 on 5031459
    Deleted user

    I am also using Geico and received my renewal. I noticed it did not include the same policy, excluding $20k of personal effects. The towing policy looks to only cover $250 worth so I'll probably add SeaTow for $10/month in addition. Murphy's law says if you don't have it you'll need it, vice versa. Also, you might consider getting a survey and having them increase the assessed  value. Satori is at $70k and I'm considering another haul out and survey to bump the insured value again. 
  • August 19, 2017 9:12 PM
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    Reply # 5038207 on 5031459
    Anonymous member (Administrator)

    Tony:  

    So the agent on the phone didn't ask about a survey -- just if the boat was usable and checked the rating list. 

    Are you saying that with a survey - and a higher assesd value -- that we'd have more coverage and I assume that includes a higher premium :) ..
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