Jackline and Markel American Insurance

[B4A]

Does anybody have any feedback on Markel American Insurance?

I'm considering switching over to them from ERGO Versicherung AG.

Their broker is Jackline.

Their policy is quite comprehensive, the deductible is 1% of hull agreed value. They cover lightening without extra deductibles. There is no depreciation applied to hull or rigging. And depreciation on sails is only 5%.

Does any of you have experience with Jackline and Markel American Insurance?

[jdazey]

We have a Merkel Jackline policy through IMIS. No complaints. Note that our deductible is 5%. Did that to keep premiums down. Coverage is adjustable for the areas we're cruising.


Cheers,

[zboss]

We had the Jackline program for 7 years with only a lightning strike claim... this year they drop us with no explanation.

We ended up getting the same coverage under Geico for less money and no navigational limitations.

[B4A]

Originally Posted by zboss

We had the Jackline program for 7 years with only a lightning strike claim... this year they drop us with no explanation.

We ended up getting the same coverage under Geico for less money and no navigational limitations.

Thanks! Were they easy to deal with with your lightening strike? Did the accept your claim?

[roverhi]

Have been insured with Markel for 15 years on one boat and 3 on other. Only claim has been for a tow caused by exhaust problem. Paid for the tow immediately without any hassles which was more than the annual policy cost. They did require a survey after 5 years on my now 51 year old boat and rates have been going up annually. Will probably drop to liability only coverage after this year as the cost is hard to justify given the value of the boat. The other boat is a '76 Sabre 28 and no survey was required, just called up the agent, described the boat and was insured at a decent price.

[zboss]

Originally Posted by B4A

Thanks! Were they easy to deal with with your lightening strike? Did the accept your claim?

It was and we had no complaints at all with them until they dropped us with no explanation.

However, Geico has a much better lightning strike rider than what we had with Jackline/Markel. While Jackline's lightning strike was subject to the normal deductible (at the time, like $5K) our Geico policy is a flat $500 for electronics and for items not electronic (like a mast) then subject to the hull deductible.

[B4A]

Originally Posted by zboss

It was and we had no complaints at all with them until they dropped us with no explanation.



However, Geico has a much better lightning strike rider than what we had with Jackline/Markel. While Jackline's lightning strike was subject to the normal deductible (at the time, like $5K) our Geico policy is a flat $500 for electronics and for items not electronic (like a mast) then subject to the hull deductible.

Thanks! Unfortunately Geico is not an option for me because I'm not in the States, I cruise around the world!

[Palarran]

IMIS and the Jackline program are the best I've had so far. It was 25% less then Concept this year and pretty much allows me to navigate anywhere in the Atlantic, Mediterranean, and Caribbean. Offshore included. They just are not offering coverage in the hurricane zone anymore or if they are, it's for a massive up-charge.

This year I did need to do an out of water insurance survey ($800) and a standing rigging inspection ($200). But it won't be required for another 3 or 4 years and with the rigging inspection, the deductible is substantially reduced. Very good policy.

Cyndi Ray | Marine Specialty Agent
Gowrie Group | A division of Risk Strategies
cyndir@gowrie.com
p: 410.364.7704 | f: 410.827.3758
522 Chesapeake Avenue, Annapolis, MD 21403
www.gowrie.com