Boat Guy
Well-Known Member
- May 15, 2013
- 2,289
- Boat Info
- 400 DA
- Engines
- CAT 3116s
So, I got a call today from my insurance broker. They don't normally call, but in light of the fact that my rate increased as much as it did, they thought it warranted a call...
It started with, "have you seen your new rate?".... I was like, "No"
It turns out, thanks to those with boat owners that couldn't get their boats away from hurricanes, we are all paying for it...Ok, I get that...As long as it's reasonable and reflective of risk...Meaning those boats in hurricane alley need to foot their bill...
Then she mentions something about credit score, etc...and I'm like, "ok", it should be the best so that shouldn't impact the rate...But she says she doesn't think I have the best rate...
Now why would a guy with $0 debt other than monthly revolving (paid off monthly) and substantial financial assets, be dinged by GEICO for a higher rate...I told her to get to the bottom of this and get some clarity....
What say you, brain trust? Is this what you're experiencing?
It started with, "have you seen your new rate?".... I was like, "No"
It turns out, thanks to those with boat owners that couldn't get their boats away from hurricanes, we are all paying for it...Ok, I get that...As long as it's reasonable and reflective of risk...Meaning those boats in hurricane alley need to foot their bill...
Then she mentions something about credit score, etc...and I'm like, "ok", it should be the best so that shouldn't impact the rate...But she says she doesn't think I have the best rate...
Now why would a guy with $0 debt other than monthly revolving (paid off monthly) and substantial financial assets, be dinged by GEICO for a higher rate...I told her to get to the bottom of this and get some clarity....
What say you, brain trust? Is this what you're experiencing?
Last edited: