Insurance recommendation

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  • June 6, 2014 at 11:58 am #2447
    Rick & Sue
    Participant

      Where does everyone insure their Macs?

      Is there a discount for MYCBC members?

      I have liability insurance and that makes the marina happy, but I’d like some insurance for me and my boat. I tried through my home insurance agent and it was daunting and impersonal, which is not confidence building(if they’re not knowledgeable and friendly then what will they be like if you file a claim?!)

      Thanks in advance for your advice,

      Willy

      June 6, 2014 at 12:04 pm #2448
      Rick & Sue
      Participant

        Hi Willy,
        I moved your post to this thread as it has some historical information on insurance. I Believe that the club has a discount with Hub insurance that Saynomore negotiated with their N Van office. I investigated a couple years ago and got a better deal with Beacon through my house insurance agent in Maple ridge. We pay $440 for about $40 000 worth of insurance. Read the cautions in the posts above about making sure your policy covers you in US and other places you may go. Some do not cover “rivers” so entering Fraser becomes questionable. Be sure to do your homework.
        Rick

        June 6, 2014 at 5:38 pm #2456
        Swissguy
        Keymaster

          Our 1995 MacGregor 26X is also insured with Beacon Insurance for $ 343 per year with the following:

          Hull and Machinery: $ 14,000
          Outboard Engine: $ 6,000
          etc.

          Deductibles are $ 250 for each item.
          Copy of Beacon Insurance Terms attached for your reference. If you review them and find something that is significant and we may have overlooked, post it in the forum.

          June 6, 2014 at 5:45 pm #2458
          Swissguy
          Keymaster

            Ok, the Beacon Insurance Terms and Conditions file was too big to attach to the forum thread. Instead I uploaded it to Downloads-Members – Reference

            June 9, 2014 at 10:43 pm #2471
            Anonymous

              So far I have a quote from Shaw Sabey for $350/year for $15,500value with $250deductible. It may be less as I did submit more info today.

              Heard back from Hub who sent me an application for Beacon who have a tick box for CPS so maybe a good price there.

              So far no one is seeming to care that I have a GPS enabled DSC Radio MMSI and Radio operator certificate.

              I wonder what the bulk of their claims are for if you’re ability to get out a Mayday isn’t a point in your favor?

              June 10, 2014 at 11:45 pm #2472
              Anonymous

                Hub quoted me $342/yr for insurance through Beacon. Reading the policies I think I like the Beacon one better.

                Shaw Sabey uses Pacific Marine Underwriters.

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