Boat Insurance

[***boat]

Boat Insurance Members Poll
We're interested in how you've handled the challenge of getting insurance for your boats, how much it's cost, how hard it's been to get, rate raises with claims, etc. Please share the following:
1. Year, make of your boat
2. Who insures it
3. How long you've used the insurance company
4. What are your rates (approx is ok)
5. What is your coverage?
6. Comments, stories, etc. pertaining to insurance
7. Any claims, and if so, how did they affect your rate?
Also, please PM ***boat with your phone number if you wouldn't mind being interviewed....
Kevin Spaise
Hot Boat

[LHC30Victory]

1) 2004 30' Advantage Vicory "V" (850 HP) Twin 496 HO's
2) Progressive
3) 2 years
4) about $1000/yr
5) 300K (liability); Replacement value, diminishing deductible
6) Had to change from the company that insured our Four Winns due to the HP involved in this new boat. They said since I didn't have 2yrs experience with it (it is a new boat!) they wouldn't insure it. If I remember the company was through boat us - will have to check records at home.
Regarding the 850 HP and Progressive - the local company had to call for permission from head office (or somewhere) because of the HP. They wouldn't buy the claim that it was safer because of the bone stock twins...
7) no claims yet.

[diggler]

1. 2001 19' Ultra Shadow (Picklefork)
2. Cornerstone Insurance Agency (AKA Insurance Bob)
3. Only covered since May when the engine was finished.
4. Approx. $2200 per year, no layup
5. $300K liability, $50K replacement value
6. I called over 31 insurance agencies before I found one that would do it. The combination of catamaran hull, length, and hp (800hp) made it almost impossible to insure. I was about to trade it in for a damn Baja before the engine was even completed because I couldn't find coverage.
7. No claims

[WYRD]

1) 2001 25.5' Advantage Citation "V" (375 HP)
2) Allstate
3) Just Started
4) about $310/yr
5) 100K (liability); 50KReplacement value
6) None Yet
7) no claims yet.

[OutCole'd]

04 Magic Deck HP525
Allstate
2 years
$800
300k liability, replacement value
No problems
No tickets or claims

[BajaMike]

1. 2003, 20' Baja Outlaw
2. USAA Insurance
3. Used USAA for 20 years, used them for boat insurance for 2 years, since I bought the boat.
4. $525 year
5. $300k liability, replacement value on boat
6. No problems
7. No claims

[JB in so cal]

'05 Magic Deck Boat, 496 HO
Progressive
Just began second year
$750/yr
$300k agreed value w/disappearing deductable
Was with AAA (still am) but they don't go above 25'
No claims; no issues.

[riverroyal]

check with the wife,get back to ya

[ParkerRat]

1. 1988 292 Formula, Twins w/450HP each
2. State Farm
3. Been with the 10+ years for auto and other policies
4. $840 per year
5. $45k Replacement, $100k Liability
6. they would only insure the boat because I have 5 other policies with them (Home, Life, Business, Auto, RV)
7. After having new moters installed and outdrives serviced the O/D filler plug came out on way back from Catalina. Toasted one outdrive. State farm payed for a new outdrive with no questions asked. :rollside:

[Holland]

'06 Kachina Shadow 30'
Merc 525
State Farm
885 per year
no inland waterway restrictions, only 30 miles offshore???
300K/100K and 10K medical
Agreed policy for 100K
Had to use them on last boat... FLAWLESS... had my check in three days... and it was a big damn check too!!!1