Insurance for Jet Boats

[Erik]

Could anyone out there recomend an insurance co. for my 74 Hallett? Its 19-ft with a 468 BBC. I've been rejected because I'm too young, its too old, too fast, has over the transom headers, etc. The only quotes I've received have been around $700 per year. Is this typical or am I getting ripped off?

[Essex_Sterling]

I know this doesn't really apply since I don't have a jet boat, however, I pay a little over $500 per year for a 2000 Essex with a 300 HP motor. The policy is with Wetsern Marine Insurance.
Originally posted by Erik:
Could anyone out there recomend an insurance co. for my 74 Hallett? Its 19-ft with a 468 BBC. I've been rejected because I'm too young, its too old, too fast, has over the transom headers, etc. The only quotes I've received have been around $700 per year. Is this typical or am I getting ripped off?

[dcraig]

I have insurance with Progressive for 21' 98 jet boat with 390hp.
However, I know the insurance companies don't like fast low profile boats and anything that runs over 55mph. Age is also a big factor. Shop around but the price is not that far off.
Sorry

[Cas42]

I just got a quote from my insurance agent here in Sonoma for my boat. Cost of insurance is $472. for a 1978 Tahiti 21' Super Cruiser jet valued at $5000 inc. trailer with a 454cu/330hp BBC, single carb., max speed about 55mph
I have a $250. deductible on the boat, $300,000.00 on P/L and P/D, $10,000.00 B/I.
If you're skeptical or just want more info, email Connie (ConnieA@Heffgroup.com), there's no charge for a quote.
Right now she can only write policies in CA. but she has a few different companies that she can write for.
As I read somewhere earlier, be honest with what you have. If you don't and you have a loss, they can deny it.

[INFINITEJJ]

I JUST RENEWED MY POLICY. I HAVE A 1975 19' TAHITI OPEN BOW JET, 460 FORD. IT IS INSURED FOR $8000 AND I PAY $388 A YEAR. I AM INSURED THRU THE McGRAW GROUP OUT OF ANAHEIM CA. PHONE # IS 714-939-9875. GOOD LUCK!!

[spectras only]

Whoa, you guys pay a lot for insurance down south. I pay 380$ Can for an all risk policy,for the 20 Spectra, appraised at 20000$ Canadian. What makes me wonder why is it higher in the states when most insurers use the same underwriters.Independent insurance companies maybe?

[fat rat]

This is my two cents worth, again.....I think I've spent at least Fifty cents on this subject. I just sold my 88 Caribbean, 502, OT headers and every thing else, to a young guy in his twenties, he insured it with Gieco for $240. a year......full coverage. For the past 13 years I was paying $210. a year with Allstate, the problem that I'm having is insuring my 2001 21' Daytona that I should be recieving very soon. Insurance co. hear tunnel hull and or Daytona and most won't even insure it and the ones that will want any wheres from $1200.- $2000. a year. I would like to hear from someone that thinks I can get a better deal. Thanx

[Timer]

fat rat, for your hull you might be able to get it with Progressive Ins. through an agency. I have an older Daytona v-drive with them.

[Cas42]

like I've said, send Connie an Email, she works for a broker and will look for the best price based on your particular needs.
Every boat is different, location is different, driving record is different, too many things to list :-)
Example, I'd rather pay more for a $250.00 deductible than to pay out of pocket for a loss.

[phillyray]

Hey FatRat I'am in the same boat as you,(pardon the pun)can't find anyone to cover my 21 Daytona ,they tell me it's on our don't insure list.What to do? AKA HammerDown.P.S. maby I'll see ya at the sand bar in Harve DeGrace Md. this summer.

[MellowYelloW]

hey i am getting the same story as you, i am 24 and they said the same sh*t, to young to fast...bsbsbsbs, they said all i could get was liability. for like 600$..sucks

[Slick]

Just got a quote from my Farmers agent on my 1994 Caliber 1 502. Rated the boat @ $20,000 replacement with 450hp. It's covered through the hilt with my wife and I as drivers for $250yr. (If in AZ, Todd Brecto Farmers ins. (480) 991-1255). I'm 29 and the wife is 23. We do have our house and cars with same agent. I'm sure that helped. I did get a break in that my boat is open bow, ie., "Bowrider". That did make a difference. I have heard that a lot of companies won't insure a boat if primary use is on the Parker Strip. Maybe a consideration is to name your local lake if anyone asks. That's all I know on the subject.
Slick

[mario]

Wish I hadA quote for$700.00 Im 34 and have a 1978 28 ft. Hawaiian jet boat and pay $1250.00 per year. Plus I was told if Im not driving or on the boat then the coverage is null and voided. Always looking for lower insurance for something I only use 20-30 days a year...

[Joker]

I have a 1999 20' outlaw with a 350 Kodiak and I am paying $850.00 Canadian. I thought it was high as well but seems to be the best I can do here.....

[skeepwerkzaz]

Hi guys,
Most insurance company's don't know squat about jet boats. It is my experience that "runabout" boats with "somekind" of automotive engine that runs "right around 40-50 mph" are real easy to insure. It's worth 8000 dollars cuz of the stereo right! I guess my point is don't brag to the insurance about your "bad boat" they wont know the difference. I pay 225 per year through USAA.
SKEEP

[spectras only]

Skeep ,I agree with you on one point about ins companies.They forgot about the badass boats of the seventies and eigthies.Only one problem,the few underwriters who rule the boat ins business like boats with no higher than 45 knots top speed,and if you hide the facts they still require your engine output to submit. So best thing not to lie,but give them net horsepower figures, instead of flywheel power.The owner of my ins company is a boater himself and no dummy by any means and sort of ignores the fact that my boat does well over 45.Of course it helps to get insurance when you boated over 30 years without a single claim.