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.

on my tiger im paying 230 a year for 300,000 liability and 18,000 on the boat itself(replacement), bowrie bowden brett. The US Sailing one design policy. Btw racing is covered on my policy but the sails aren't covered in a racing accident.

Check with whoever does your auto and/or homeowner's policy. With the "multiline discount" added in, it may be a lot cheaper.

The only problem is convincing them that the boat doesn't have a motor. For whatever reason my State Farm agent couldn't concieve of having a boat without a motor. It also blew her mind when she checked with the corporate office and found out that racing was covered.

we had a thread about insurance in April. i dont see ANYONE paying that kind of cost,

insurance thread

Just $300,000 liability! in the UK £2million is generally required.

Cheshirecatman

I only pay about a little over $150 but I am not a racer and it only covers liability and minor medical.