C&C 115 Insurance
- Thread starter miketennant
- Start date
slug zitski
Super Anarchist
shaggybaxter
Super Anarchist
??? That's complete shite.
I had no pro mast surveyor, I had no pro engine surveyor, I know he was no pro on either as it was the same dude that did my previous boat. He banged the boat details into his little algorithm and it spat out a number.
You can make very strange statements sometimes Slug.
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miketennant
Member
- Thread starter
- #44
miketennant
Member
- Thread starter
- #45
No it doesn't, spoke to an insurer today. The rig does not need a separate survey.
Why are you so hung up on repeating this over and over? Let move on from your rig failure rant. I'll talk to my agent and base my decision on that conversation.
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captain slack
New member
I own a 2006 C&C 115 and insure with gieco/boatus. The premium is around $1200. I love the boat! Are you buying the
115 that Larsen is selling?
115 that Larsen is selling?
captain slack
New member
That's a nice boat, I looked at that boat 1.5 years ago and ended up buying another one. I cannot believe the price
reduction, any survey issues? You will have a lot of fun with that
boat!
reduction, any survey issues? You will have a lot of fun with that
boat!
miketennant
Member
- Thread starter
- #48
Yes the boatt I'm buying is the one at Larsen. I've looked at a lot of boats over the past 3 month. The second I stepped on the 115, I knew that was the boat. Are you out of Chicago?
As far as insurance goes, so far it looks. like the best coverage for the money is Ski Safe, Chubb is a bit more. I'm not interested in the lowest price but a company that will take care of my boat if something were to happen. From my research, both seem to be good companies to deal with.
I did get a quote from Gieco but I had a bad experience with Boat US long ago with my first sailboat, a Catalina 25. By the time they depreciated everything, I think my claim check may have covered the cost of a bolt. I've never used them again.
captain slack
New member
I sail out of Menominee, Michigan. I club race and cruise door county. I have been insured with geico for many years, numerous boats, but no claims. I
agree coverage and support is more important than price. The 115 is a great boat!
agree coverage and support is more important than price. The 115 is a great boat!
slug zitski
Super Anarchist
100k for a new mast
insurance companies don’t drop 100k for a new mast without due diligence
miketennant
Member
- Thread starter
- #51
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Hitchhiker
Hoopy Frood
Curious to know if the boat has been surveyed while in the cradle. And if so, any request by the surveyor to lift the boat so the keel can be put in tension.
kent_island_sailor
Super Anarchist
Not here. My last insurance survey the rig could have been hanging over the side and the surveyor wouldn't have noticed
Just got a new quote from Ski Safe.....It is about half the cost of my Progressive policy, but I did notice this - (Not Included) Include Consequential Losses ?
Includes coverage for consequential losses to your boat resulting from the burning, collision, demasting, sinking or stranding of your boat due to losses including wear and tear, deterioration and mechanical or electrical failure.
Which is kinda needed.....
Includes coverage for consequential losses to your boat resulting from the burning, collision, demasting, sinking or stranding of your boat due to losses including wear and tear, deterioration and mechanical or electrical failure.
Which is kinda needed.....
miketennant
Member
- Thread starter
- #55
With Ski Safe, I had the option to add consequential losses. It added $40 to the premium. I then called them and asked if the rigging failed and demasted the boat, would it be covered and was a there any stipulations as to when the rigging must be replaced or inspected. Yes it would be covered and I was told inspections are not required.
As to depriceation- After the boat is 8 years old, the depreciation is 5% per year, unless improved/renovated. Sails and canvas depreciate at 5% per year. Racing is covered.
Chubb does not cover Consequential Losses, Chubb does not cover racing. So Chubb is out.
TripleZeros
Anarchist
I'm an insurance guy who loves a good boat insurance thread. All of you who have your listed on your homeowners policy read the fine print. If your boat is being delivered by paid crew or others besides yourself and someone gets hurt would your liability respond? What if your crew races a beer can race you can't make and there is a collision? Also, if your boat sinks and needs to be retrieved and you have it listed as a value of $65,000, most home policies with a boat endorsed on it take the recovery fee out of the stated value. If it cost $25,000 to float it and drag it to a dock you only have $40,000 left of your boat is deemed a total loss.
Read your policies before you need them.
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Read your policies before you need them.
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Monkey
Super Anarchist
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- 3,032
In all fairness, most of us on this thread did not suggest trying to cover a C&C 115 for racing under a homeowner’s policy. We suggested insurers that cover what the OP asked about.
Edit: And no disrespect to you, but I tried two different insurance agents before going with Progressive. Not their fault, but they couldn’t find anything even close in cost that covered everything. Race boats are black sheep now apparently.
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miketennant
Member
- Thread starter
- #58
Who asked about a homeowners policy to cover their boat? I want a real policy that will actually cover things.
TripleZeros
Anarchist
Several mentioned it in the thread. Are you on the east coast? Auto Owners and Frankenmuth Insurance both have good yacht policies. Find and independent agent that may represent them in your state.
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