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From: <Jack_Martin_at_jtif.webfld.navy.mil>
subject: [Paddlewise] Re[2]: Insurance
Date: Mon, 13 Apr 1998 10:28:49 -0500
     Following up on Hal Levine's response to George Bergeron, in which Hal 
     said --- 
     
    I just checked out my insurance coverage for my kayaks. What I found was 
    very interesting.  It seems that boats carried on the roof are NOT covered 
    by auto insurance.  They are covered by homeowners or renters insurance.  My 
    company covers only up to $1000 total.  Since we often carry two kevlar 
    boats and the associated gear my potential for loss was much greater.  I was 
    able to get a boat owners policy that gave me full coverage on boats and 
    equipment for less than $75.  
    
     
     Did the same with my carrier, United Service Automobile Association 
     (USAA).  Came up with similar and some dissimilar information --- 
     
       - my homeowner's policy covers the kayak for up to $1000 from fire 
     and similar damage or loss <while it's in the house>
     
       - and from wind and hail damage <while it's in a building or secured 
     area>.
     
     But nothing while I'm out paddling or on a trip.
     
     USAA provides a broad spectrum of coverage, and, while the kayak's on 
     my car, the "third party" damage clause for the auto insurance 
     provides me liability insurance --- e.g., the boat flies off the rack 
     and through somone's windscreen --- at my elected level of liability 
     coverage for the car.  If it simply comes apart on the pavement, it's 
     my problem, but, thinking about the image of a 65 mph airborne VCP 
     Pintail on a crowded Interstate, that liability coverage becomes 
     pretty significant!
     
     USAA <can> sell me boatowner's insurance, but they have to be able to 
     determine the value of the boat, and that's where it gets interesting. 
     They use two sources for evaluation --- something called the "Buck 
     Book" and another called ABOS --- and VCP boats are (I guess, not 
     surprisingly) conspicuous by their absence from these source books.
     
     So, two questions.  For Hal: would you mind sharing the source for 
     your $75 quote?  And, generally, does anyone know of a good, generally 
     accepted source for evaluating a used kayak --- and, more 
     specifically, I guess, for used Brit-boats, if there's a difference?
     
     This is an excellent and timely thread --- thanks to those who started 
     it!
     
     Jack "Joq" Martin
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From: Hal Levine <hlevin_at_jlc.net>
subject: Re: [Paddlewise] Insurance
Date: Mon, 13 Apr 1998 13:32:05 -0700
I am covered by Allstate Insurance.  I told them the replacement
value/purchase value, gave them a photo and the serial #s and my actual
premium is $50 ($25/boat). Along with the value of the boats I have $550
per boat for "equipment" with a $50 deductable.  Also there is some
watercraft liability and medical payments and a $1000 funeral limit....
Be advised I am not endorsing this company nor am I an "insurance 
professional"
I hope this information helps.  At least I know that I am now covered.

    Hal 

    Wilton, NH

    Power your boat with carbohydrates,
    not hydrocarbons.
         
          http://www.jlc.net/~hlevin


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From: sylvio lamarche <wgarden_at_cyberlink.bc.ca>
subject: Re: [Paddlewise] Re[2]: Insurance
Date: Mon, 13 Apr 1998 14:10:31 -0600 (MDT)
>     Following up on Hal Levine's response to George Bergeron, in which Hal
>     said ---

>     So, two questions.  For Hal: would you mind sharing the source for
>     your $75 quote?  And, generally, does anyone know of a good, generally
>     accepted source for evaluating a used kayak --- and, more
>     specifically, I guess, for used Brit-boats, if there's a difference?
>
>     This is an excellent and timely thread --- thanks to those who started
>     it!

I have a floater with my insanrance company that covers my klepper and all
the related accesories...
                Paddles, spraydeck, sprayskirts,hatch covers, sailing gear,
rudder assembly, tiller assembly, floatation bags, dry bags, ropes and boat
cover...

what I get is replacement value for all the above, which witg all the TAXES
here in Canada, amounts to close to  $ 10 000.00 CDN.

For this I have to pay $ 60.00CDN per year.

I have had a claim with my insurance before with camoing gear, and I gave
them a list with quotes from the store and I got e refund cheque for the
total amount less taxes which They paid to me when I submitted my receipts
later .  I guess If I don't buy the equipment again I loose my tax
dollars...

But I will have to find out which company it is.

It is a great idea to get extra coverage seeing as most folks have quite a
bit invested in the yak sport...

enjoy

Yours naturally

sylvio  lamarche
Wycliffe organic gardens
& Exotic locales all over the globe



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