My new Boat US renewal is up $30% this year. They told me it was due to all the losses last year and shared among all insured. Anyone else see that from them? Or big increases from anyone else?
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My new Boat US renewal is up $30% this year. They told me it was due to all the losses last year and shared among all insured. Anyone else see that from them? Or big increases from anyone else?
My premium with Boat US went up about 11%. HOWEVER if you have a zero deductible and have had it for a while (no claims) they will reduce it and essentially waive the increase- at least they did after I called them and asked to speak to an underwriting supervisor. It's worth a phone call.
They claim that premiums went down in some inland states for boats used on lakes and rivers. I can't verify that either way. I suspect like most insurance companies they petition for rate increases everywhere and get some, but not all, of them.