Who will insure a RACING catamaran and what are the costs?
My insurance (soon to be ex-insurance) company told me years ago my policy covered racing now they don't?

go through the US Sailing ONE-design insurance. They were easy to work with during my ordeal at tradewinds, plus they cover racing and chartering insurance.
http://www.ussailing.org/membership/Insurance/ind_ins.asp

I agree....US Sailing. That is who I have my I-20 through. I've had one claim (not racing related), and they were VERY easy to work with and prompt with payment.

I use BOATUS, and have been since 1997. It's around $300 a year for a new H16.

I can't speak to their service level personally, as all I've ever needed them for is to take my money (actually, that's a good problem to have).

At the time I started using them, my insurance agent recommended using them (and he didn't represent them). I was also told by other sailors that they were the only company that would insure you for racing. I think US SAILING got into it since then.

Mike

I have Allstate, $69/year. A new Wave is fairly expensive to purchase, even without trailer; so the insurance is a little more. My older Interlake insurance (with trailer) was $62/year.

The policy specifically states it does not cover the boat in a race, "except sailboats". So I'm covered.

Who is your soon to be x? what were you paying? for what kind of coverage.

I use allstate. my cat is insured for 7k, the cost is 300/year. i have not seen anything that excludes racing.. but perhaps i should read my policy better.

I use Progressive for my (now sold) F18 and my Hunter 23 monoslug. It was about $300 per year for both boats which included racing coverage, the trailers, trailering (in addition to any automotive policy), and charter boat coverage. They were the only company I called (didn't try the US Sailing program) that actually knew what a Nacra F18 was back in 2004. They also pleasantly surprised me by dropping my deductible 25% for every year I didn't have a claim. I should have no deductible at this point or very soon.

I have heard recently from someone else that recently tried to get a progressive policy that they didn't cover charter boats anymore though. I'm getting ready to work on a policy for my A-cat so would be interested in hearing your experiences.

I've had my catamaran's insured thru State Farm Insurance since 1980 or so.
My premium's started out at about $47 per year for a Hobie 18.
Last year I think my premium was appx. $147 on my 2004 H-18 with 9K of coverage, and $247 on my 1986 H-18 with 5K of coverage.
The agent explains the higher premium on the older boat with less coverage as a function of their loss experience. Over the 28 years, I have had 3 or 4 claims, only one was "race related" they have paid every claim with out a problem.

My boat policies all specifically state they do not cover the boat in a race, "except sailboats".

If the agent you are dealing with does not write sailboat inusrance very often, he may not be familiar with the language in his own companies policy.
I had a new agent tell me my boat would not be covered in a race and when I showed him the language in my policy, he was stunned. Felt kinda nice to teach the agent something about his own companies coverages.

I had the exact same experience with State Farm. The agent said that he was "99% sure that it doesn't cover racing" and when I told him to go make sure for me, he called me back astonished.

However, State Farm doesn't cover charter insurance and so I had to drop them for that. Pity too because the coverage with state farm is much better than the coverage I got with the US Sailing coverage.

I have BOATUS too but mine is about half that for all USA coastal and inland waters. My parents had a boat damaged by Hurricane Isabel several years ago and everything sounded like it went smoothly even though they were very busy given all the damage done by the storm.

That sounds a little expensive. I'm with US Sailing and pay $246 for an insured value about twice that ($14k).

Should also mention that signing up with US Sailing (actually Gowrie, Barden & Brett) was much smoother than my past experience with BoatUS.

u getting an A cat?

Gowrie, Barden & Brett
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Jul 12 2007 8:22PM Time Created


Premium Paid Confirmation Number
$ 230 $ 230
This is on a brand new tiger covered for $18,000 on the boat and $300,000 liability

I got it through us sailing and the coverage was cheaper than any other sites I found. The only parts not covered in racing are the sails. "sails are only covered in times of theft vandalism or fire" So if you pitch through the mail your on your own replacing them.

I am starting to think i overpaid... since i have paid 2 of the 300... next year i will look around

I would hate to say how much I have to pay for the tri <img src="http://www.catsailor.com/forums/images/graemlins/frown.gif" alt="" />

My'ins is with State Farm. Had to push agent to understand that the boat doens't have a motor and that they do cover racing. Fee $220 or so, 10k boat + equipment including sails, 2k Trailer, and a claim history. When I tried the US Sailing people they were over $350 because of recent claim histroy and they wouldn't cover the sails.

I never looked at the specifics, just always assumed covering a sail boat would include, I don't know.. THE SAILS?????

Mike

I asked my agent about that and they said the sails are like tires on a car. They wear out and it would be easy to say you need a new set every year. a.k.a. Someone took advantage of the system and ruined it for the rest of us. If its not your fault the other insurance will buy new sails, or have your glass estimate high enough to cover the sails

My Ex-insurance company was Farm Bureau, there prices were right but their customer service absolutely sucks. I am now switching everything I have insured from them to Nationwide. They could cover my I-20 for a little less than $200, but it was ACV(actual cash value) where an adjuster, that probably has no clue what he's looking, at decides the value of the damage. So I think I'll go with the US sailing deal with Gowrie ,Barden and Brett. I talked with Sarah there today ,and they knew what I had and what I was looking for. The cost was right much higher at $331 but I think the piece of mind will be worth it. Plus the coverage is not ACV it's Agreed Hull Value that insures it for what you paid for it.

Already dun did it. see http://www.teamseacats.com/2008/04/18/under-contract/

Todd,

When I checked with them they won't cover your sails. Maybe thats changed, may be worth checking,