I call Boat US today to check on re-upping my policy on my Acat. I was paying $660 per year and I let it lapse, knowing that I wasnt going to race until this weekend and since I dont really need coverage up until now, I didnt bother with it. Boat US says you need 30% down and they you pay 8 increments of the 70%. So I figure that I can pay the 30% and maybe one of teh installments and have coverage for the 6 weeks I need it.

So, I call today and they send me to underwriting and the coverages have all increased and I'm expecting a premium of over $660. I almost fall off my chair when she tells me its $290.

They've gone back and re-calculated small boat claims and lowered the premium.

I guess the moral of the story is to comparison shop these policies and see if you are really getting the lowest price every year.

I should be happy my premium went down by over 50%, but I cant help feel like I've been ripped off for the last two year at $660 per year.