American Modern Insurance Group

[sailjumanji]

Am shopping insurance for a new-build catamaran. Declared value policy, no claims, no lien, very good credit. Got a good quote from Chubb/Ace with annual premium about 1.25% of value. BoatUS at 3% of value and limited coverage valuation to about 65% of boat actual invoice. American Modern came in with policy that looks similar to Chubb, but premium at 0.7% of boat value. Agent says AM Best rated A+ and recommends them, even though his opinion Chubb is best, but not worth the difference. Anyone have experience with American Modern yacht policy, especially claims?