Does anyone have a suggestion on the best insurance company for covering a performance cat in Florida.

Thanks in advance

If it's a one design go with the US Sailing one design insurance. You can do it whether you are a member or not.

Yes, the One Design plan is very good. You can get agreed hull value...meaning you state a value on your boat, they insure that without depreciation in the case of total loss.

They also specify race coverage (with a higher deductible for claims "while racing"); Trailer & trailering is covered. As is chartering the boat out to others. $1 mill liability...required for certain classes (ie Tornado fleet racing) and hard to find from other providers (Boat US; AAA would not go that high for a 20 footer).

My insurance is through Travelers. The just paid to replace my mast after Ike left a branch on it. No problems with the claim. Low deductible of 100.00 rather racing or not, also has the agreed hull value with no depreciation. I have 15K of coverage for my SX and it cost less than 400.00 a year.

Progressive is good too. My a-cat and my F18 (new at the time) are about the same rate at just over $100 per year. The policies are "replacement value" policies (IMHO, better than agreed value), include the trailers, chartering, and racing. Each year without a claim the deductible reduced by 25% of the original amount ($500). After four years with no claims, I now have no deductible.

For these other policies, what is the max liability limt?

Some classes/events require a min. of $1 mill.

That's low: events in the UK usually require a min coverage of £2m. That's like what, around $3m these days?

I would have to double check but I believe my policy is 100k for other peoples property and either 1 of 2 mil for personal injury to either others or my crew. The trailer is covered on the same policy with a set value of 1k.

Thanks guys, last year I didn't get a quote from Travelers or Progressive so I willl give them a try. US sailing couldn't cover an A cat last year but maybe that has changed? Anyone know? The best I could do last year was Boat US at $550 per year. I am sure I can do better on the new boat.

I have a boat rider on my home owners insurance through Liberty Mutual that fully covers the boat. Full replacement coverage for $100 a year in premium.

Doug,

What does that endorsement say about your liability while operating the boat? Do you have the $300,000 or $500,000 liability coverage already present in your homeowner policy, or does the endorsement give you additional liability limits?

I would think that works best, and you can get to the $1 million liability limit with an umbrella policy, right?

I just got a letter from US Sailing stating that they have increased insurance coverage for members at any event governed by US Sailing rules, including travel. Does anyone have any more details about the new coverage?