I know there have been a variety of related threads on this forum regarding insurance
, but through my searching and reading I have not been able to find good recommendations for our >special< situation.
I am looking for recommendations for an insurance
carrier to insure our 1974 Westsail 32' year round Coastal only. We are currently in New Orleans
Louisiana, slipped in a marina that had 90% boat loss during Katrina. I need this insurance to cover hurricanes, fires, flood wind
For the past 2 years we have had Progressive insurance for an agreed value of $35,000 with a $10,000 deductible for a Named Storm. The premiums have been around $1,100 a year.
We bought Sundowner for $32,500 and have put about $30,000 of upgrades and equipment
into her. I know you can't expect to get what you put in it, out of it...
Now that we have more invested in Sundowner I want to raise our agreed value to something closer to her *new value.
Progressive gave me a quote today that for an agreed value of $45,000 with only a $2,250 named storm deductible, for $1,965/year. Is this unreasonable?
I hope that Cruiser's Forum and it's wonderfully knowledgeable contributors can give me the names of other insurance agencies that insure older (1974) boats in this situation.