Greetings all,

Not sure if anybody else received their insurance quote for this season, but mine essentially Doubled!!

was paying a little over $200 to insure my Ensign with the Gowrie group One design program, who is now using New Hampshire Insurance Co. aka Risk Strategies Co.

They said that no one else is insuring old boats these days.

Can you tell me who you have this season and cost?

Yep - the same thing happened to me with the same insurance carrier. I got an explanation that all the boat losses in Florida hurricane caused them to raise rates. My lake in NYS doesnt get many hurricanes. I now pay $525 which is a double -- but I'm not sure if that is unreasonable compared to other companies. I have about $5,000 in boat loss plus liability.

I also insure through Allstate. In my case I have a separate policy with them and I believe it is $350 or right around there. It has not changed much from year to year so far. When I have had claims, fortunately over 10 years ago, they paid quickly.

Robin

Magic #363

Go Ensign Sailing!

It's not just boat insurance. Many carriers have asked for enormous rate increases, justified by the vague excuse that the companies are "catching up" from the effects of COVID.

For years, the P&C and liability policy on my small business had been $300.00 a year through Chubb. This year the proposed premium was $905.00 even though I have never filed a claim. I shopped the policy and found coverage with State Farm for $285.00, so these jacked up rates are the product of claims experience, if they have any basis at all. If you are in the wrong risk pool, look out and don't be afraid to jump into anoother pool!

My boat insurance actually went down a bit this year.

Stan Murphy

Nana 1658

Hartfield, Virginia

Thought I’d update this with my recent quotes ($7k value, $250 ded, $300k liability):

US Boat/Geico and Progressive both declined to quote due to the age of the boat

Hagerty, who uses Markel: $173

Gowrie Group, who uses New Hampshire Insurance Company: $366

Chance

Vesper #403

I don't know about liability only. I spoke with the rep, gave them the year, make and model and was swiftly declined.

Chance

Vesper #403

Chance,

Is the Hagertty price just for liability? I just got quoted by them for $305 with 5K in the Hull plus liability.

I'm in RI

Then I asked if they insure for club racing and then they said now they will not insure!

I used One Design from Gowrie group that still insures for racing I believe, but now I'll have to check!

Boy, this is getting costly...

Dan