I would like to get some estimates for boat insurance. I currently have a policy with Boat US. I think it is silly that they make me pay membership dues $24 in order to have insurance with them. Any insurance agents names / numbers would be appreciated.
Ditto on Gotcha Covered, {Lee}; he’s a stand-up guy who deserves our insurance business…
“The big one’s still swimming, let’s go.”
i’d go with someone like state farm… i used to be insured with strickland marine because i wanted to support a local business… until i had a claim and was dished off to a rep in Massachusetts (they are actually a rep for Travelers Ins.)… and my “local” insurance company cut themselves out of the loop entirely, and i was on my own with an out of state rep.
i got good service from the guy in Mass., but obviously not local and that’s the whole reason i went with them.
Boaters Insurance policy covers an “agreed value” which is what you payed for the boat. Most other insurance companies only cover your boats ACV (What NADA says your boat is worth/depreciated value) at the time of the incident. Example, if you payed 50K for your boat and next year it sinks, Boaters Insurance will give you 50K other insurance companies will only give you 30k because your boat has depreciated by 20k over the last year. Also, Boaters Insurance covers the cost of moving your boat to safety up to $500 if a named storm (hurricanes) threatens the area, most other insurance companies do not.
Boaters Insurance
800-344-7488
www.boatersinsurance.com
If Al Qaeda wants to destroy the America we know and love, they had better hurry because Obama’s beating them to it.
quote:
Originally posted by Neal1742Boaters Insurance policy covers an “agreed value” which is what you payed for the boat. Most other insurance companies only cover your boats ACV (What NADA says your boat is worth/depreciated value) at the time of the incident. Example, if you payed 50K for your boat and next year it sinks, Boaters Insurance will give you 50K other insurance companies will only give you 30k because your boat has depreciated by 20k over the last year. Also, Boaters Insurance covers the cost of moving your boat to safety up to $500 if a named storm (hurricanes) threatens the area, most other insurance companies do not.
Boaters Insurance
800-344-7488
www.boatersinsurance.comIf Al Qaeda wants to destroy the America we know and love, they had better hurry because Obama’s beating them to it.
That is a little slanted. I have an “agreed” policy through Travelers. Companies offer these policies; most people do not ask and will never know until the have to make a claim.
Neal is right about Agreed Value, but that agency he is recommending is only one many who offer it.
We are an independent agency that offers insurance from 35 different major marine insurance companies, and they all offer Agreed Value Coverage, unless I’m forgetting one that doesn’t. ACV coverage is something you’re going to generally get on older boats or from one of the homeowners’ companies when you use them for boat insurance, but even some of them offer Agreed Value, depending on the boat.
Agreed Value is our preferred product and is all we generally offer where possible (while some people insist on ACV for some reason of their own, or obtain it because have really old boats where AV coverage is not available or applicable/practical). I always prefer to sell my customers Agreed Value policies, and avoid ACV wherever possible, because I feel that ACV is just a misunderstanding waiting to happen. I think it’s easy for someone to think they have $50,000 coverage (because it’s written on the front of their policy) and then not remember that appreciation applies in a total loss when they get a $30,000 check for the boat they paid $50,000 a year and a half ago. Imagine the frustration when that happens. No thanks. It makes sense for some old boats, but I just don’t like it when I can provide better coverage, especially for newer boats. As Neal said, ACV is coverage wherewith you get a DEPRECIATED amount your boat in a total loss; it pays the value of the boat at the time of the LOSS, rather than the amount you paid for the boat or even the value declared on the policy (it’s only there to serve as a MAXimum they’ll pay out).
Agreed Value, on the other hand, pays you the value on the policy, without regard for depreciation. The last I checked, some homowners’ companies (but not all) were limited ACV on boats, so some might want to do some homework. The oldest trick in the book when an agent or company is trying to dazzle a customer with a cheaper rate is to quote them an ACV policy (against a com
We obtained our boat insurance and recently car insurance through Nick Latto at RA Wright Agency. They were the most reasonable on premiums for covering what we needed. Nick’s a great guy and he won’t bs with a lot of nonessential stuff.
Wright Agency
661 Saint Andrew’s Blvd.
766-5300
Boat US also offers great accident insurance. great coverage and beat everyone elses price.
Strickland is my agent for our business policy
I’m now at www.teamcharlestonmarine.com
quote:
Originally posted by Floateri’d go with someone like state farm… i used to be insured with strickland marine because i wanted to support a local business… until i had a claim and was dished off to a rep in Massachusetts (they are actually a rep for Travelers Ins.)… and my “local” insurance company cut themselves out of the loop entirely, and i was on my own with an out of state rep.
i got good service from the guy in Mass., but obviously not local and that’s the whole reason i went with them.
After rereading your post, I am confused by it. You said you got good service from the Travelers rep. that my staff referred you to, so I don’t understand the problem.
Please understand that when a Travelers agent–such as we are–takes a claim from an insured, they/we are supposed to send them directly to Travelers claim department. That is just how Travelers does business, and demands that kind of hands-off service from its agents. They also handle billing the same way–direct bill–and prefer that we stay out of the way with billing and claims (but we fight anyway if there is a problem, which is extremely rare). They are a very demanding company on their agents, but also offer an excellent product with efficient and excellent service with an A++ rating.
So, it honestly sounds like my employee did what she was supposed to do and that you got good service.
However, if my employee was rude to you or too hasty in shuffling you off, in any manner, then that is unacceptable and should be addressed. We don’t tolerate staff being discourteous to customers, and I would be suprised to find out that any of our current staff was ever rude to anyone. But I would really appreciate the opportunity to find out if they were in your case, or if you just felt funny being having your claim
Lee,
your office was very professional and had no problems with it. I’m not sure we are on the same page as to why i am not insured through your company anymore.
it’s best summed up when you say “we are not an insurance company”, yet the name of your company is “Strickland Marine Insurance, Inc.”
Yes, sir, we are an independent insurance agency, like a lot of others, including some mentioned above. It’s actually better that way, because the agents who are tied to the company have a legal responsibility to look out for the company rather than you, and also because we can shop your premium for you with a few dozen companies, all in one place, to get you the best deal, but with a captive agent or direct company, you don’t have that.
But, that’s not all. You see, in order to access a lot of marine insurance companies, you have to go through an agent because you can’t do business directly for marine insurance with a lot of the companies without using an independent agent (who is not the insurance company). That’s just how it works with a lot of companies for some reason. A couple do direct business, but you don’t get any better service that way, have no local rep if something does go funky on you, and they normally assign an independent agent to you transparently anyway, to receive commission (because of laws that forbid “rebating”). They also don’t always give you access to the exact, same programs, departments, or products that your independent agent can give you. If you want an agent that is also the insurance company, then you need deal with a captive agent, like State Farm, but their fiduciary duty is strictly to the insurance company, rather than to you. Independent agents and brokers are different. They have obligations to you.
I am still confused, though: you said you got very professional service from my agency/staff, and from the Travelers’ rep. to whom we referred you, so I don’t understand your negative statement here. That’s why I’d love for you to give me a call if there’s more to the story or if I can help you with anything. But, if you don’t feel like calling, that’s OK.
Take care.
Gotcha Covered,
Lee Strickland
Strickland Marine Insurance, Inc.
843-795-1000 / 800-446-1862
I understand what floater is saying.
I’ve never heard anything but great things about those that are covered by Strickland Marine Insurance. I personally know Lee as a very honest and trustworthy guy with the customers’ interests in mind. I’m glad to give them my business.
…because everything is a conspiracy!!!
Years ago I had Boat U.S and they were just OK. About 8 years ago I switched to Strickland Marine. I have never had a claim but have always received the best rates and service.For example there have been a couple of times where my premiums have gone up and Strickland Marine automatically shopped my policy without me knowing. When there were able to keep the cost of the policy the same or actually reduce the policy with the same coverage they would call me to have me make a decision. I have never had any company intentionally try and save me money every year.
I am not sure because I do not know the insurance world too much but if someone insured through Strickalnd Marine has a claim it is insurance company like travelers to handle that claim and make the decision. They are just the salesman not the provider.
“Plan like you will live forever but live like you will die tomorrow.”
Personally do not have boat ins. thru Strickland Marine (tied to home owners) but allways prefer to give my business to a local person. Have heard nothing but good from folks/clients that have thier boat policys thru Strickland Marine.
Russ B.
God is great, Beer is good, People are crazy
Nationwide is on your side. 795 8111
Double Coverage
26 Glacier Bay
Mr. Strickland,
I just got a quote from Nancy T. Quote # 189449. Boat US beat her price by $19. The value I provided her for the boat is what I think it is worth. Maybe in the future when I ask for another quote you could provide me with a total lost value, that way I will get a more accurate quote.
Polar 23CC
Is the quote with Boat U.S. an ACV policy or an Agreed Value policy? They sell both.
If you have their “Boat Saver” or “Anglers Boat Saver” policies (or any of them that contain the word “Boat Saver”), they are ACV–not Agreed Value. Also, read the policy, or at least the declarations page and it should say whether it’s AV or ACV.
We generally quote Agreed Value by default.
Also, make sure all of the limits are the same on both that you are comparing.
If the Boat US quote is an Agreed Value policy with the same or better limits, then you got a good deal. If it’s an ACV policy or the limits are not the same or as good, then you did not. An ACV policy should be a whole lot less than an Agreed Value policy–not just $19. So, take a look at the details and make sure you’re good to go on that. If I can help you, please bypass the staff, and call me straight on my cellphone, at 509-2526. I’ll be glad to take a look at what you have and look over what Nancy quoted for you and see if we can save you some money. Or, send me a PM, and I’ll do the same.
Every individual quote is different, based on the owner and how different companies rate them, and occasionally we’ll get beat on one, but not often, because we represent so many companies. Different companies rate based on different criteria, and some are better with certain types or ages of boat, or give credits/discounts for different things than others. I’ll be glad to help you either way.
Thanks, and have a good weekend.
Gotcha Covered,
Lee Strickland
Strickland Marine Insurance, Inc.
843-795-1000 / 800-446-1862