Insurace Question

[OutCole'd]

Since you are of the knower of all, what do you tell your insurance company your hull is if you have a 28' Magic, or Conquest style boat? Is it a Cat, V, or what?
Thanks.

[Havasu_Dreamin]

It's a cat, specifically a deckboat, but the hull itself is a cat.

[Keith E. Sayre]

We've had several insurance companies and/or their underwriters
visit us to look at our boats. One of the most important things to
make sure that your insurance company understands is the type
of bottom that you have. For the Conquest, Eliminator Fundeck,
Magic deckboat and even the Magic 28' should qualify--if you show
them the bottom, they'll notice that the center sponson is actually
lower in the water than are the outside 2 sponsons. In a matter
of speaking, our bottom and anyone else that has our bottom,
is actually a v bottom with tunnels cut out of it. That's why our
boats turn so well, plane so quickly, never porpoise and lean the
right way when they turn.
Knowing this, the insurance companies treat our customers very
well. I'd say an average policy with a $500 deductible and about
$300,000 in liability costs our customers about $800 a year.
Keith Sayre
Conquest Boats
Lake Havasu City
928-680-1400

[OutCole'd]

So is it considered a Modified V? Or just a V?

[PerfectionDtail]

Keith,
Who writes the policies? Do they consider the Conquest and Magic hulls very similiar? If so, can you please tell who the insurance company is?
Thanks

[Ivan Dan]

Hey Keith~ If you don't mind me asking....what insurance company was that with? And do you tell them its a V-bottom with tunnels?
Thanks in advance!
www.DanKaatz.com

[DogHouse]

In my recent insurance flail, I was only able to find one company that would write a low-cost policy on my Magic open bow cat. It's through American Family for just under a grand a year with the 500 deductable and 300k liability. Like any of the low-cost policies, it is not an agreed-value policy, so a total loss would be handled at a depreciated actual cash value. Stated power was 700hp on the policy. I thought that was a reasonable estimate at the prop since I run an XR and smaller headers and mufflers compared to what we dyno'd with. State Farm and Farmers wouldn't touch my boat, but they probably will do yours if you're running something in the 500hp range. The other options are the agreed value policies for 3k-4k from Ace and Markel. Good luck!