Insurance

[JLR]

Just received the renewal on my 74. The premium literally doubled with no claims. Not happening. Just a word of caution for those of you in the Florida area.

[Boatsb]

Thank the aholes that didn't haul or tie off well and had losses. It's going to be a few years before it stabilizes again.

[SEVEN]

That should be illegal.

[Pascal]

Not a surprise... it s not just those who didn't tie their boats its those who left boats in places where there was no chance. I understand that options are often limited for smaller boats but here in the grove there were a number of larger boats that should have never been left in the exposed locations they were in. That includes two newish 65/75 sportfish and a 90' motor yacht docked at two marinas fully exposed to the open bay.

Right now our marina waters are covered with diesel from a 65' Cheoy Lee that was finally raised today. It had been left on a tee head and had no chance whatsoever. See pic

We are paying for this

Then you have owners of lightly damaged boats who took zero precautions after the storm to prevent further damage. Not even adjusting the lines after the storm even though their boats without rubrail were rubbing on pilings

Finally the insurance companies are paying crazy labor rates and appear not be trying to keep costs under control. There is a lot of money being made and free refits being done. Owners without hull insurance or with high deductibles are getting repairs done quickly, in water and at a fraction of the cost whereas insurers are just writing big checks with little attempt to control costs

[JLR]

Forgot to mention that in all prior years, I received the renewal quote from the same agent 45 days before the policy expired. With this renewal, they gave me only six days notice before expiration. After speaking with them, they refused to adjust the premium, advised that they did not shop for any other quotes and gave some bs about it being twice as expensive to remain in Florida(not in hurricane season) than to go North and South each year ( not in hurricane season). I am now looking in to another broker. It is a real shame because for the past ten years, they have been great but, then again, it is easy to be great with no claims.

[Cricket]

Pretty sure your broker must be in violation of notification requirement for policy renewal, especially involving major changes.

Everyone should be expecting auto policy increases in the very near future. The carriers are getting killed on multiple fronts, mostly distracted driving and increasing repairs costs because the cars are so complicated along with the automakers placing patents on their parts so they can't be duplicated by the aftermarket folks.
Took them a long time to figure out the drug makers key to success.