Insurance and Header question

[suckin&pumpin]

wozencraft where youat??? love to hear you chime in on this.

[Wozencraft]

wozencraft where you at??? love to hear you chime in on this.
Sorry for the delay...I have been on the phone non-stop today. In the process of writing 3 new Ilmor powered boats for clients.
Okay, taking a snap shot today of programs I have available to write insurance on boats under 26' w/ O/T exhaust & exposed engines; here is the short list:
Company A: No cats/tunnels - not older than 19yrs - marine survey needed on boats 8-19 yrs old
Company B: 70 mph top speed - case-by-case acceptance, depends on which underwriter I'm talking to, the day they are having, the alignment of the moon with the stars, etc. - supporting insurance business helps
As for Progressive, they WILL NOT accept ANY boats with exposed engines or O/T exhaust! I just had the marine product manager for the whole country from Progressive in my office last week. I specifically touched base on this topic with him. After a thorough discussion, and a passing on ALL the feedback I have received from members on this board, his answer was, "No""Not Interested." If you have an agent who is offering to write your O/T exhaust and/or exposed engine boat with Progressive, make sure to ask them if they carry an active Error & Omissions insurance policy.
I hope this helps - a bit. Not so good news for a good many of boaters with well taken care of boats which should be worthy of obtaining insurance. I continue to work with my contacts at insurance carriers to find coverage for these boats.
Devin Wozencraft

[thatguy]

Sorry for the delay...I have been on the phone non-stop today. In the process of writing 3 new Ilmor powered boats for clients.
Okay, taking a snap shot today of programs I have available to write insurance on boats under 26' w/ O/T exhaust & exposed engines; here is the short list:
Company A: No cats/tunnels - not older than 19yrs - marine survey needed on boats 8-19 yrs old
Company B: 70 mph top speed - case-by-case acceptance, depends on which underwriter I'm talking to, the day they are having, the alignment of the moon with the stars, etc. - supporting insurance business helps
As for Progressive, they WILL NOT accept ANY boats with exposed engines or O/T exhaust! I just had the marine product manager for the whole country from Progressive in my office last week. I specifically touched base on this topic with him. After a thorough discussion, and a passing on ALL the feedback I have received from members on this board, his answer was, "No""Not Interested." If you have an agent who is offering to write your O/T exhaust and/or exposed engine boat with Progressive, make sure to ask them if they carry an active Error & Omissions insurance policy.
I hope this helps - a bit. Not so good news for a good many of boaters with well taken care of boats which should be worthy of obtaining insurance. I continue to work with my contacts at insurance carriers to find coverage for these boats.
Devin Wozencraft
Back to square one?
Tommy

[gqchris]

Well, to clear the air with Progressive, I'm not sure what kind of insurance everyone is looking for but they will write PL/PD also personal injury insurance with OT exhaust. I just talked to my agent.
I would ask your agent if he spent the comission off your policy yet

[gqchris]

As for Progressive, they WILL NOT accept ANY boats with exposed engines or O/T exhaust! I just had the marine product manager for the whole country from Progressive in my office last week. I specifically touched base on this topic with him. After a thorough discussion, and a passing on ALL the feedback I have received from members on this board, his answer was, "No""Not Interested." If you have an agent who is offering to write your O/T exhaust and/or exposed engine boat with Progressive, make sure to ask them if they carry an active Error & Omissions insurance policy.
Devin Wozencraft
This pretty much sums up the whole thread and answers everyones questions. Thanks Devin!

[suckin&pumpin]

sorry for the delay I was out of town, Greg I would seriously consider what wozencraft said he is our resident expert since thois is what he does for a living, You may have a new agent or an un-informed one because progressive told me no way...again.
Devin, I accidentally erased your voice message while driving and dont have your number but call me again.