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usaski1
11-24-2010, 02:42 PM
I've got a 08 outback, I keep calling around to get insurence on it, and keep comming up with $580-$700... tried Farmers, Allstate and Progrssive. I should be able to get a year of boat insurence for 300 bux. Can anyone point me in the right direction?

sandm
11-24-2010, 03:58 PM
I have Progressive and pay around $450 for it. Insurance is a funny thing and there are way too many variables to compare 2 people's insurance apples to apples. I would think that you could get Progressive to come in at the $300 mark, but you might be sacrificing a lot of coverage that you may want at some point..

good luck..

you da man
11-24-2010, 04:16 PM
$450 For me through US Boats

BRANDNIRON8971
11-24-2010, 06:10 PM
$426.00 thru Western Marine Ins.

Razzman
11-24-2010, 07:27 PM
$485.00 thru Western Marine as well. Remember besides the obvious (boat, equipment, etc) location also plays a part, some areas more or less than others. Also, you can insure for additional equipment so asking what everyone pays really does no good.

Seach for marine/boat insurance on the web and get quotes.

zabooda
11-24-2010, 08:00 PM
$270 but my declared value is around $15K. I did save $900 a year on all of my insurance switching to American Family. Sorry Geico.

viking
11-24-2010, 11:37 PM
I have Progressive and pay around $450 for it.

Pretty much ditto on annual premium for my boat through Progressive

usaski1
11-25-2010, 08:59 AM
Thanks guys, this is looking pricier than I thought :-(

zabooda
11-25-2010, 02:27 PM
The two insurance companies I worked with Safeco and American family gave a good discount for a boating safety course and I took credit for a free on-line course. I currently get a 15% discount on my insurance.

http://boatingbasicsonline.com/
http://www.boatus.org/onlinecourse/default.asp

kaneboats
11-25-2010, 07:56 PM
I've had good deals from Boat US and Progressive. Had to bump the LSV off the Homeowners as it was going to be a separate policy.

harmsway
11-26-2010, 10:50 PM
I was also quoted $450 a year through Allstate. But I'm debating if I should insure it at all. I haven't insured any of my boats in the past. But then again you know how people sue if they get hurt.

you da man
11-27-2010, 04:58 AM
I was also quoted $450 a year through Allstate. But I'm debating if I should insure it at all. I haven't insured any of my boats in the past. But then again you know how people sue if they get hurt.

Texas law requires bodily injury and property damage insurance on boats. NC has non insurance laws whatsoever?

harmsway
11-27-2010, 07:19 AM
No insurance is required in NC unless you have a loan on the boat & then it is only required by the lender. I am sure with the amount of boaters increasing that will change before long.

usaski1
11-27-2010, 08:54 AM
Boat US has ins for my Outback for under 400. full coverage, low deductible and liability.

maxpower220
11-27-2010, 09:38 AM
I use SkiSafe. They insure ski boats as a specialty. I pay $320/yr for full coverage for the boat, trailer, and $5000 in gear with a $500 deductable.
I have never had a claim (since 1995), do I don't know about their service. I was pointed in their direction when I bought my first ski boat. They have consistantly been cheaper than USAA, Progressive, Gieco, and State Farm each time I have shopped around.
They will not insure your boat if you use in salt water.

you da man
11-28-2010, 07:28 PM
No insurance is required in NC unless you have a loan on the boat & then it is only required by the lender. I am sure with the amount of boaters increasing that will change before long.

So IF an uninsured boat causes damage to another boat or property, what happens? Does the person WITH insurance have their own insurance cover repairs caused by the uninsured and the uninsured is sued? I know in Texas police know if your car is uninsured by just running the plate...I hope boats go this route where law enforcement can run your hull numbers.

Razzman
11-28-2010, 07:42 PM
Btw, one of the reasons i use Western Marine is i have full replacement coverage if the boat is totaled or sunk and rendered useless. Was worth it to me as i have to tow at least an hour through some pretty hairy traffic at times to get to the lake.

davidl
11-28-2010, 07:52 PM
American National................Under $200.00

you da man
11-28-2010, 07:52 PM
Btw, one of the reasons i use Western Marine is i have full replacement coverage if the boat is totaled or sunk and rendered useless. Was worth it to me as i have to tow at least an hour through some pretty hairy traffic at times to get to the lake.

I have the same replacement coverage as well

harmsway
11-28-2010, 08:10 PM
So IF an uninsured boat causes damage to another boat or property, what happens? Does the person WITH insurance have their own insurance cover repairs caused by the uninsured and the uninsured is sued? I know in Texas police know if your car is uninsured by just running the plate...I hope boats go this route where law enforcement can run your hull numbers.

That is good question. I know in NC that if you have an automobile crash in a parking lot, it is ruled no fault on either side even if it is your fault and you have to cover your own repairs. On the water may be the same way. Not saying that you can't sue the other party involved.
Boat insurance has always seemed over priced for the amount of use you actually get out of the insurance. When the boat is @ the house it is covered by home owners insurance, when you are towing it is covered by automotive insurance, if your lucky you can use it from April to October. But I guess what really is the major cost is the liabilty portion of boat insurance if someone gets hurt.

zabooda
11-28-2010, 11:19 PM
Waterways have rules and there is fault. The basic rule is the right of way and required boat training teaches this.

One thing to remember is anything that can have separate coverage like a boat or motorcycle is not covered when it is at your house except by the boat insurance. So if someone were to steal stuff out of the boat, steal the boat or the boat gets damaged from fire or windstorm you are out of luck if you don't have coverage specifically for the boat. Basically anything that can be licensed is not covered by homeowners insurance. I found that out with my street legal dirt bike as Washington doesn't require insurance even on the road for motorcycles so I never had it since I don't drive it much on the road. I found out I wouldn't be covered by homeowners if the bike would be stolen out of the garage so now I have coverage ($60/yr).

Trailers are not covered by homeowners either as they are licensed. I have a utility trailer that is not covered but it is too ugly to steal.

I think some people have uninsured on their boat policy and I'm not sure what the police do about an accident with no insurance.

thesack
11-29-2010, 03:37 PM
One thing to consider when shopping for insurance is what happens when you make a claim? Do you have to play phone tag with someone across the country or is there a local agent/adjuster you can talk too? Do they try and purposely have you sign a document before repairs are made so that their liablity is potentially less or do they just pay the bill? Etc.

I have Progressive insurance, do not remember off the top of my head what the yearly premium is, but they are a good company to work with. They give you a few different options to meet your budget. They have local adjusters, so when a claim is made it is quicker and getting things repaired. Plus they cut a check to the repair shop after they do there assesment (if it is repairable).

From my experience from my claim against a person insured by Boat US, I would stay away from them. They are hard to get a hold of, do not return phone calls when they say the will, want you to sign a liability release form in order to pay for repairs (which is illegal), and take a their time to get their ducks in order to approve a claim.

Most states do not require boats owners to have insurance (If you have a loan, most lenders require it). So if someone is uninsured they are responsible to pay the bill to fix your boat out of pocket either by them doing it willingly or by being sued by you or your insurance company. When my boat was hit by the Tige there was questions as to whether or not he had insurance, so when we notified Progessive of the accident the told us that they would pay for the boat to be repaired, have us pay the deductible, then sue him and recover the cost to repair the boat and the deductible amount. And the majority of boating accidents are boat on object and not boat on boat.

yearround
12-02-2010, 11:43 AM
we have progressive, $437 annual. i have never had a claim, so i don't know how well they will handle things. my brother had a claim with with progressive, things went very well and timely.

bergermaister
12-03-2010, 03:08 PM
I have Pemco - same as my auto and home so they shave off a little for a multi-policy plan. $31.50 a month so ~ $380 a year and I actually have it over-insured from market value by about $10k to factor in things like stereo gear, boards/surf, any camping gear that is riding along, oh, and the gold bricks I use for ballast.

I have had a few claims years back and was very worried about being dropped or gouged at renewal both times. However I was not at fault on either one and no personal injury or 3rd party damage or anything like that.

Worst one was a bottom hit to the tune of $5500+ in repairs in 2009. My rates went up a whopping $15 for 2010 (total) which I was MORE than happy to pay. I could not imagine having to cough up that kind of dough if I were uninsured...

I must say that the adjuster at Pemco was asolutely awesome - 10 out of 10 perfect. I was in line for repairs at AWS and they said it could be 4-5 weeks before they could touch it because of others before me. This was the first of August. My adjuster stopped by the day after I dropped it off, approved it and had a check to me in 2 days, putting me to the front of the line at AWS because my claim went through so much faster than any of the others there and I was back on the water in just a little over a week!

kaneboats
12-03-2010, 03:18 PM
So many companies have forgotten that customer service breeds loyalty. I know they have bean counters looking over their shoulder that can only see from one quarter to the next, but do any of them really think that screwing their own customers is going to work even in the short term? If you look at insurance companies -- I don't know if they write marine or not -- but Amica is always #1 in customer service. They have unmatched loyalty but they treat everyone from customers to vendors to tort defendants with respect. You would think some of the other ones would learn the lesson.

trevormcfar
12-13-2010, 10:14 PM
Although I live in Alberta, the principles of insurance will be the same in the USA... You get what you pay for. I buy insurance clients and our brokerage has been in the business since 1973. I have boated all my life (I am 37) and trust me... there are HUGE differences between boat policies. Anyone know Marine Law? Up here in Canada (not sure about the USA, but I have to assume its very similar) there is a small thing called General Salvage. The law dates back many years ago, and not many people who use inland waters only know about it... In a nut shell, if you are stranded on the water and have someone tow you in without a pre-negotiated agreement... the guy (or girl) who tows you can claim salvage up to 25% of the value of your boat!! Believe it or not, but its true... Many commercial fishermen on the coast know about this and they all listen to the "mayday" station... If they are close enough to help... it could be a nice payday! Anyways, my point is, is that you are not dealing with cookie cutter type insurance. Boat insurance is a specialized product and you need to be dealing with a broker who understands the risks and potential issues with the sport. I read on another post where someone has insurance through their homeowners policy... Your homeowners policy is 99% of the time the worst place to insure your boat. Other issues to consider is the basis of claim settlement. Replacement cost does not always mean a new boat... Most companies will not offer RC (replacement cost) on older boats (3 years or older). Others will only offer the coverage up to the limit specified on the declarations page (policy). Tarps and covers also have special conditions... Like jewelry, if you don't know your jewels, then you better know your jeweler... If you don't know insurance, then you better know a good broker (or agent). Some good companies we deal with are Premier Marine, Beacon and Oceanic... If you are paying less than $400.00 for a $50,000.00 boat, then chances are you do not have the right coverage for your boat. $50,000.00 boat, plus contents of the boat & the trailer should be anywhere from $400.00 to $800.00 (Canadian) tops...
Key point is you need to shop around and ask them to send you a copy of the wordings... Play close attention to the exclusions and the basis of claim settlement sections... The wordings should only be a few pages long and the read is well worth it... It could mean the difference between a new boat and an actual cash settlement leaving you with thousands of dollars out of your pocket... Everyone does so much research on speakers and all other types of aftermarket products... The most important item on the boat is the insurance and most people spend "0" time researching it. You get what you pay for... Just my .25 worth.

trevormcfar
12-13-2010, 10:21 PM
Another good example of a claim that may not be covered under a homeowners policy is if your boat sinks... By law, that boat has to be recovered (oil/gas etc...) the cost to bring that boat up from the bottom needs to be insured as well (and can be with the right policy)....If not, can you imagine the costs?? Just because you have your boat insured along with the contents and trailer... does not mean your fully protected....

Another example is some insurance companies will reduce the liability limits while you are towing a skier. Nice eh! This is when you may need it the most if your skier is hurt! Again... Know your policy inside/out...

FYI...

zabooda
12-13-2010, 10:58 PM
Good info trevormcfar. I learned a lot over time and sometimes I feel lucky I got by with what I had. With insurance, what a person doesn't know will hurt them. You need to look at the insurance riders that are a available and ask why or why aren't these riders necessary. You'll find that you may need extra coverage for skiers. If you rely on homeowners insurance you need to check the policy as my policy which is similar to most will pay $1,500 for the loss or damage to a boat. That's your consolation prize in the game of losers. The insurance companies want you to take out a separate policy for anything of value whether it be a boat, jewelry or guns.

rdlangston13
02-03-2011, 01:54 PM
wow, i have progressive and pay 864 a year...looks like i am getting majorly screwed! is there some kind of age discrimination thing with boat insurance like there is with car insurance?

what minimum coverage do yall suggest i get? i think i am going to start shopping around for a better rate!

kaneboats
02-03-2011, 03:27 PM
They look at your credit and your driving rating. I have progressive and it's under 500.

rdlangston13
02-03-2011, 03:57 PM
They look at your credit and your driving rating. I have progressive and it's under 500.

well thats odd because i have a pretty good credit and a pretty clean driving record! but my car insurance is high just because i am under 25 and not married so im guess boat will be able the same case. in any case im going to call around to see about a better rate. i dont like paying double what everyone else is paying!

cmtaylor777
02-03-2011, 04:06 PM
SafeCo has been awesome for me.

rdlangston13
02-03-2011, 04:46 PM
I just got a quote by BoatUS and they quoted me at $437. not 100% that i filled everything out exactly right but this does fall more in line with what everyone else is paying

mmandley
02-03-2011, 09:53 PM
Thats who i have RD and mines about that much closer to 375

cowboyl
02-13-2011, 02:14 AM
everyone seems to have hit the big ins company's, i know i was shocked when i contacted my ins co (CAA or AAA in the US) and #1 surprised they insured boats and #2 its full coverage including 5yr F.R.V boat and trailer and all perils including hidden under water obstical. all for i think 400 bucks. all the specialty and regular insurance company's around me were 550 to 1000 when i was getting quotes....:D

zabooda
02-13-2011, 03:52 AM
Cowboy, What do you have for a boat. You got a good price on insurance but you have to watch what you get with any insurance company and it is hard to compare since each policy is a little different.

TL7
02-13-2011, 06:19 PM
RD - try Ace Recreational. I have a 2010 LSV insured for $417/year. It's full replacement value, 1% deductible, $2500 worth of property insurance, etc. About 2 months into the coverage we had an incident in an unfamiliar lake (stumps) and did close to 5k of damage. Took it to the dealer on Monday. Tuesday, upon finding out everything that needed repaired, I gave them my insurance info (who they said were great and easy to work with). I also contacted my insurance company to initiate a claim. They requested a quote and pics of the damage, which the dealer sent them right away. Upon receiving the quote and pics they authorized the claim and sent a check to me for the full charges minus the 1% deductible. They sent it to me rather than directly to the shop, so that I wouldn't lose any leverage in case the repairs weren't satisfactory.

So basically accident on Saturday, dealer on Monday, insurance authorization Tuesday so shop could began repairs, check to me on Thursday, picked up the boat Saturday. Easiest insurance dealings I've had. (And big props to my local dealer, Rinkers, for being awesome)

Here is the guy I dealt with in case you want to give them a shot. I am in no way affiliated with them - just trying to help out fellow Moomba owners.

http://www.acemarineinsurance.com/AceinaRoot/ACEMarine/

Stuart Barnhardt
Senior Claims Specialist
866-202-5079
704-882-7960
866-635-5687 Fax
Stuart.Barnhardt@acegroup.com