Announcement

Collapse
No announcement yet.

Ski safe insurance hike

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • bturner
    replied
    I renewed my BoatUS (Geico) yesterday. Mine went up $18 to $350. Strangely about the same amount it would cost to lower the deductible to the level the "disappearing" deductible went down. Me thinks the deductible isn't disappearing, it just moving to the base rate.

    Leave a comment:


  • ducatidesmo
    replied
    I just picked up Ski Safe for my boat, it looks like it is only a 300,000 liability to 500,000 was a 22 dollar difference... the killer was freeze coverage. for Boat us, it was 25 dollars, for Ski Safe it's 140... I still need to decide if I want to do it, I have until the end of Aug to decide.

    Leave a comment:


  • GMLIII
    replied
    Originally posted by ducatidesmo View Post

    If it wasn't for your umbrella policy, would you have gone with a lower liability limit?
    Yes I probably would have gone with a lower liability limit. That should save you some dollars if lowered.

    Leave a comment:


  • ducatidesmo
    replied
    Originally posted by GMLIII View Post
    OK guys just received my Ski Safe renewal notice and it went up $15.00 therefore I will not shop. To compare to your policy here are my particulars.

    2017 G23
    • Annual Premium $626.00
    • Hull coverage $120,000.00
    • Towing $600.00
    • Standard deduct $1,000.00
    • Windstorm deduct $3.000.00
    • Liability Coverage $500,000.00 (this amount is required by my umbrella policy)
    • Personal Property deduct $250.00
    • Uninsured Boater included in liability coverage
    • Medical payment $25,000.00
    • Disappearing deductible over time( $1,000.00 now drops to $750.00 7/1/20, then drops another $250.00 on each anniversary until the deductible is eliminated completely)
    • Key point here lay up period 10/15-4/15

    If you have a policy with substantially better coverage for less I would like to hear
    ​​​​​​​
    If it wasn't for your umbrella policy, would you have gone with a lower liability limit?

    Leave a comment:


  • GMLIII
    replied
    Ski Safe is proud of their high deductibles vs competition. It was my choice to bring the value down to $120,000 which was the level I needed to get the $1,000 deductible. I did add the disappearing deductible which added to the cost to my premium but I thought it might be worth it to bring the deduct down over time

    Leave a comment:


  • lyzer
    replied
    My policy is almost identical (2017 G23), slightly higher hull coverage (125k), slightly higher deduct (2500), slightly lower liability (300k) for $620-- layup for 4 months and premium didn't go up from last year

    Leave a comment:


  • GMLIII
    replied
    OK guys just received my Ski Safe renewal notice and it went up $15.00 therefore I will not shop. To compare to your policy here are my particulars.

    2017 G23
    • Annual Premium $626.00
    • Hull coverage $120,000.00
    • Towing $600.00
    • Standard deduct $1,000.00
    • Windstorm deduct $3.000.00
    • Liability Coverage $500,000.00 (this amount is required by my umbrella policy)
    • Personal Property deduct $250.00
    • Uninsured Boater included in liability coverage
    • Medical payment $25,000.00
    • Disappearing deductible over time( $1,000.00 now drops to $750.00 7/1/20, then drops another $250.00 on each anniversary until the deductible is eliminated completely)
    • Key point here lay up period 10/15-4/15

    If you have a policy with substantially better coverage for less I would like to hear
    ​​​​​​​
    Last edited by GMLIII; 03-10-2020, 05:07 PM.

    Leave a comment:


  • GMLIII
    replied
    Originally posted by zigs View Post
    Mine came due from Ski Safe a couple weeks ago and had zero change from the previous year as well.
    Good to know

    Leave a comment:


  • zigs
    replied
    Mine came due from Ski Safe a couple weeks ago and had zero change from the previous year as well.

    Leave a comment:


  • GMLIII
    replied
    It will be interesting to see if any PN member will be able to achieve a deductible of less than $5,000 with SkiSafe on a new Paragon without lowering the coverage value of their boat. Didn’t happen to me on my new G23 at the time until I lowered the coverage. No premium price would lower the deductible of less than $5,000 when I purchased my G with SkiSafe regardless of the price I was willing to pay for coverage.

    Leave a comment:


  • scottb7
    replied
    Originally posted by Gbracer View Post
    was your insurance from ski safe?
    they said it was because the boat turned a certain age it went up.
    Mine was ski safe, i edited my post to be more clear.

    Leave a comment:


  • Gbracer
    replied
    was your insurance from ski safe?
    they said it was because the boat turned a certain age it went up.

    Leave a comment:


  • scottb7
    replied
    I got my SKI SAFE renewal today...No change. $0 I took the above advice and called them a couple months ago. They said it was a bit early since mine is a march renewal, but glad it stayed flat
    Last edited by scottb7; 02-03-2020, 01:42 PM.

    Leave a comment:


  • Gbracer
    replied
    I wrote a nice but firm e mail and they dropped the premium to $420 so I will stay for this next year, still dirty pool but I dont have time right now to spend hours finding a new insurance provider, so the rate hike was all profit based !!!!

    Leave a comment:


  • mooneywa
    replied
    I'm sorry to come off the top rope here, but does SS really think that a 15-30% rate increase without a commensurate increase in benefit is reasonably explained to a group of high earning, some well educated people, many of whom are business owners themselves, as "market forces?"

    As much as USAA's prices and degradation of service have driven many away, they at least had the integrity to tell everyone in the '12/'13 timeframe that they were about to crush everyone's rates because of sizable losses from a hurricane in Florida and wildfires in TX and CO. Yep, got it. I might not agree with the principle of paying more to cover your losses and I might not keep my insurance with you, but I respect the forthright answer.

    Also, lest we forget, market forces are a two way street.

    Leave a comment:

Working...
X