Insurance

[NorCalCat]

What is everyone paying for insurance? What is high and what is reasonable? For a 650 hp tunnel, deck boats don't apply! Lay-up?

[jackpunx]

how long is the boat?

[NorCalCat]

Force 29

[Reaper1]

NorCal - You might want to talk to Sandbar Mike.

[TheEduKATor]

NorCalCat,
I payed $1580 for a 26' Cat. It's only pushing stock 496 power. I have progressive and for some reason they haven't dropped me like they have dropped other cat owners. Knock on wood! My twin bro and I are both on the policy, we are 28, no tickets or accidents. I think I got a discount for being a teacher. The boat is only reaching 60-62 on a good day, with the two of us, an ounce of gas, empty stomachs, and no extra cargo. I'm going to shop around since my policy is up at the end of April.

[NorCalCat]

Thanks!
TheEduKATor, you talk to Dano at Force yet? He can't wait to talk to you. I will be at the shop tomorrow. Drop him a line! You do some killer work bro! :D Just wait!

[Sandbar Mike]

Originally posted by Reaper1
NorCal - You might want to talk to Sandbar Mike.
Reaper, he can't . He's not storing his ride in AZ.
But your absolutley right.:D

[TheEduKATor]

NorCalCat,
Have you checked some of the old Insurance for Tunnels threads. I spent hours going through them getting all the numbers down for the agents who cover cats and wrote down the prices that people were quoted. I'm preparing for the calls I have to make when I change my insurance before the end of April. It was more work then buying the damn boat. I have a list of names of the agents that people have mentioned in the threads and can send them to you when I get home if you don't already have them.
Also, I emailed Dano last week sometime with the email address you sent. I haven't heard from him yet, I figured he just hasn't got around to checking it yet or he's just busy.

[NorCalCat]

Ya, I know he has been sick. I'll mention it to him tomorrow. I was quoted $2600 yr, no lay-up, so I think that is the best I will find, you know with 3 dui's (just kidding, I have a clean record)
Sandbar you around tomorrow, I will be at the new shop around 9:00 am.

[Budget Baller]

Norcal,
I pay $2550.00 a year for DCB Mach 26, 500HP, 4 month lay up,
perfect record. Told wife that she did not qualify for the policy, and she believed me :D

[NorCalCat]

Very Ballsy, Budget. What if you get a fish hook in the eye? :eek:

[CEO]

26' Mach 496HO. I just paid the check $1090.00. NO LAYUP. I am at the limit on footage, horsepower and MPH. I am in the "FAMILY boating plan" Anymore footage, horsepower or MPH my rate will be 2.5 times as high. Thank God for being a slug. :D :D :D
AttaBoy Budget!!

[TheEduKATor]

CEO,
Who did you go with if you don't mind me asking?

[NorCalCat]

A big question is what are your limits & deductables? That is really driving the $$$$$

[Jrocket]

Originally posted by Budget Baller
Norcal,
I pay $2550.00 a year for DCB Mach 26, 500HP, 4 month lay up,
perfect record. Told wife that she did not qualify for the policy, and she believed me :D
I pay $2000.00 a year for a DCB Mach 26,Hp500,7 month layup,perfect record.If I want to use it in a month of the lay up period,its $100.00 for the entire month extra.

[LAVEYSABRE575]

I pay 2476.00 for a laveysabre w/ 575 sci also has a 4 month layup.............................

[RUCAV]

I just got coverage on my Ultra 247 XS, 496 Mag for $600. Give Sean a call at 562-233-3844. He does alot of boats. Never hurts to try.
Good luck!

[6 Dollar Boat]

Originally posted by RUCAV
I just got coverage on my Ultra 247 XS, 496 Mag for $600. Give Sean a call at 562-233-3844. He does alot of boats. Never hurts to try.
Good luck!
RUCAV, I believe your boat is a V bottom. Cats are a different animal when it comes to Ins. Ace wont insure me because of an accident I had with $900 damage. It looks like I will be with Markel @ $6,200 with layup. I have to carry lots of liability, but it wasn't much cheaper for the 300,000 policy. It's gotta get better.:confused:

[Bling Bling]

Originally posted by 6 Dollar Boat
RUCAV, I believe your boat is a V bottom. Cats are a different animal when it comes to Ins. Ace wont insure me because of an accident I had with $900 damage. It looks like I will be with Markel @ $6,200 with layup. I have to carry lots of liability, but it wasn't much cheaper for the 300,000 policy. It's gotta get better.:confused: Whats up daddy, I just got a quote from markel, through charter lakes, 10grand. As I was laughing my ass off and hanging the phone up to call I think his name was Bob Luelen from world wide marine, same coverage 3900$. He was great, very smart, and knew a thing or two about the marine industry. If you need his # let me know.

[NorCalCat]

I think I have received a quote from everyone and their mother by now. Bling, you are right, Bob Luelen from world wide marine is good.I got a better quote form Mike Mitchelle from Alternative Ins. He quoted me $2900 no layup $300k liab, $1100 deduct. Not bad... Devin Wozencraft from Farmers is also good. He got me the same but double the deduct.
If anyone wants #'s PM me.:)

[roln 20s]

Question--this "layup" term. Does that mean its a month which your boat is not covered and you can't use it?
Roln 20s

[NorCalCat]

You are covered, however, you can not use it. If you are towing to another location, get tuned up, there is a fire, whatever, you are still covered in full. If you use the boat, and you do not notify your carrier then you are not covered. Usually it is about $150-$200 per month if you are going to use it durriung the layup. Just call them before.

[RacerBuzz]

Hey all,
Don't forget you can also call Buzz or Rodney at PMA Insurance here in Ft Lauderdale, FL. We do fast cats and fast v-hulls as long as your pretty good on the MVR report and have the prior fast boat ownership and/or fast boat experience required by my Underwriters. I've got two markets for cats and even more for v-hulls. $50,000.00 & up on the boat values.
Call or e-mail me with any questions.
Racer BUZZ

[NorCalCat]

Buzz, great plug!

[Jrocket]

Buzz is who I use for my DCB.

[amw]

j rocket wgats the number to your ins guy thats a nice quote just bought a f 26 525 need ins buy june thanks i appreciate it