Steve,
I have Travelers as well, and I had a similar issue when my renewal came up this past August. I spent some time talking to my agent and found that due to Irene and Sandy and the associated losses (from our slip I can still see a few boats abandoned across the salt marsh at the edge of the tree line), Travelers and other insurers were paying significant attention to boats with an agreed hull value significantly higher than the BUC Used Price Guide. At that time, my agreed hull value remained where I had set it years ago when I bought her, such that the agreed value was now 25% above the high end of the BUC range. I had looked at Boat US previously but never moved since the savings would have been minimal given their requirement for a new survey. I checked with Boat US again this year and found that they now quoted a premium higher than Travelers! The agent checked a few other insurers, but we did not find a huge bargain. I ended up reducing the agreed hull value to only 10% above the top end of BUC guide and ended up in what I consider a pretty good place - $700/yr with a $1000 deductible.
I hope that's helpful.
Mert
I have Travelers as well, and I had a similar issue when my renewal came up this past August. I spent some time talking to my agent and found that due to Irene and Sandy and the associated losses (from our slip I can still see a few boats abandoned across the salt marsh at the edge of the tree line), Travelers and other insurers were paying significant attention to boats with an agreed hull value significantly higher than the BUC Used Price Guide. At that time, my agreed hull value remained where I had set it years ago when I bought her, such that the agreed value was now 25% above the high end of the BUC range. I had looked at Boat US previously but never moved since the savings would have been minimal given their requirement for a new survey. I checked with Boat US again this year and found that they now quoted a premium higher than Travelers! The agent checked a few other insurers, but we did not find a huge bargain. I ended up reducing the agreed hull value to only 10% above the top end of BUC guide and ended up in what I consider a pretty good place - $700/yr with a $1000 deductible.
I hope that's helpful.
Mert