Insurance in Ontario

YYZRC

What are you guys paying/who do you recommend?  @kordo @Grahamu ?

I'm with RSA right now and just got my renewal for the 350.  $995 for $140k insured value and $2m liability.  $1400 deductible on the hull/motors and $200 deductible on electronics and my dinghy/motor.

Thanks

randy56

Not the same boat but I had a friend, here in FL he has a 26 ft CC Cape Horn, twin 175 , he pay's $1500 per year.

raybo3

@YYZRC That's cheap if it were me I would jump on that one.... Just say'n

kordo

YYZRC, Dominion Canada $1,200 for 2011 360.

YYZRC

Thanks @kordo

This sold for near asking:
https://www.bayshoreyachts.com/boats-for-sale/2009-rinker-360-express-midland-ontario-8033700/

mattie

I use Gore Mutual Marine
$1050
$2M liability 
Includes C-Tow type coverage

Also MD Marine has good quotes. From Orillia. Seen them at a lot of Ont boat shows.
https://mdmarine.ca/

Think my replacement value is way off the marks now with the increase in used boat prices.

YYZRC

Will try them, thanks @mattie !

The broker wants a survey to justify an increase in the value. Pain in the a$$. 

mattie

I may get a quote from MD tomorrow as well. 

Looks like they only need surveys for 20 yrs +

Grahamu

I'm also with RSA, CDN $805 for $85,000 and 2Million Liability. Deductible $800 for hull and Machinery and $200 for Electronics, Dinghy and Motor, Personal Effects.

mattie

It is crazy with the inflated boat prices. If you actually had a total loss - be difficult to replace at original stated values on policies.

I guess the total loss calculation is just a factor X per $1000 value. Whatever you are comfortable paying. Pick your weapon......$100K, $150K, $200K

YYZRC

That’s exactly my concern. I could not replace my boat for $140k when the same boat a year newer with 4x the hours is going for $190k. 

Grahamu

My renewal  is in August and I will take a look at the boat's value then. My feelings are that prices will start to drop due travel restrictions being lifted and gas prices thru the roof.

oscar1

YYZRC  are you from canada?

YYZRC

Yes, in Toronto!

oscar1

I believe you were from Georgia because I saw Georgia bay in you profile. Good to know that I have boating friend everywhere around the world.

YYZRC

If I was in Georgia I would have visited you by now!!

oscar1

YYZRC said:

If I was in Georgia I would have visited you by now!!

You are always welcome