Forums
NautiqueParts.comNautiqueSkins.com - Correct Craft Upholstery and Part
  New Posts New Posts RSS Feed - Insurance Premium
  FAQ FAQ  Forum Search   Register Register  Login Login

Insurance Premium

 Post Reply Post Reply Page   123>
Author
MrMcD View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: January-28-2014
Location: Folsom, CA
Status: Offline
Points: 3582
Post Options Post Options   Thanks (0) Thanks(0)   Quote MrMcD Quote  Post ReplyReply Direct Link To This Post Topic: Insurance Premium
    Posted: December-10-2019 at 5:20pm
My insurance with Ski Safe just came in. I am looking at $440. this year. I do carry high coverages but that seems like a lot for a 1995 Ski Nautique?
This boat is now 24 years old.   
Do you guys pay similar rates or is this in line with todays market.

Thanks, and yes I just paid it so I should have asked a couple weeks ago while there was time to move if necessary.
Mark
Back to Top
quinner View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: October-12-2005
Location: Unknown
Status: Offline
Points: 5828
Post Options Post Options   Thanks (0) Thanks(0)   Quote quinner Quote  Post ReplyReply Direct Link To This Post Posted: December-10-2019 at 6:54pm
Heard Ski Safe just increased rates across the board.

Sounds like time to shop it.
Back to Top
KENO View Drop Down
Grand Poobah
Grand Poobah


Joined: June-06-2004
Location: United States
Status: Offline
Points: 10605
Post Options Post Options   Thanks (0) Thanks(0)   Quote KENO Quote  Post ReplyReply Direct Link To This Post Posted: December-10-2019 at 7:58pm
Originally posted by quinner quinner wrote:

Heard Ski Safe just increased rates across the board.

Sounds like time to shop it.


I think Quinner gets his info from that other site with a bunch of what's he call them, "Thirf Boats"

link

And........MrMcD After reading your stories about various different incidents with your boats over the years, I hope you're making use of that insurance
Back to Top
Jonny Quest View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: August-20-2013
Location: Utah--via Texas
Status: Offline
Points: 2822
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jonny Quest Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 1:23am
I have Progressive and I pay about the same for my 1994. I do have a stipulated loss value for the vessel in case of a total loss.

JQ
Current
2003 Ski Nautique 206 Limited

Previous
2001 Ski Nautique Open Bow
1994 Ski Nautique Open Bow

Aqua skiing, ergo sum
Back to Top
MrMcD View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: January-28-2014
Location: Folsom, CA
Status: Offline
Points: 3582
Post Options Post Options   Thanks (0) Thanks(0)   Quote MrMcD Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 4:04am
I have a stipulated value also but they limited it to $13,000. I could not talk them in to any more value even though it is in nice condition with low hours. I see them sell for more but the insurance does not care.

Ken, I have had exactly one loss on my boat insurance in 35 years, it was 4 years back now.
Back to Top
JPASS View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: June-17-2013
Location: Orlando
Status: Offline
Points: 2283
Post Options Post Options   Thanks (0) Thanks(0)   Quote JPASS Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 8:02am
We insure our jet boat with Ski Safe. We have an agreed upon value of $25K with a $500 deductible and we pay $485/year for inshore fresh and salt usage, road side assistance and sea-tow reimbursement,. They've always been the cheapest when we've shopped around.

'92 Correctcraft Ski Nautique
Back to Top
KENO View Drop Down
Grand Poobah
Grand Poobah


Joined: June-06-2004
Location: United States
Status: Offline
Points: 10605
Post Options Post Options   Thanks (0) Thanks(0)   Quote KENO Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 8:23am
Originally posted by MrMcD MrMcD wrote:

I have a stipulated value also but they limited it to $13,000. I could not talk them in to any more value even though it is in nice condition with low hours. I see them sell for more but the insurance does not care.

Ken, I have had exactly one loss on my boat insurance in 35 years, it was 4 years back now.


And the deer went on to live another day
Back to Top
Orlando76 View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: May-21-2013
Location: Mount Dora, FL
Status: Offline
Points: 3108
Post Options Post Options   Thanks (0) Thanks(0)   Quote Orlando76 Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 8:55am
I was with Ski Safe for awhile but then they irritated me for some reason, there’s a flipping shocker. Maybe too hard to communicate with? I know I was paying about $430 a year. This year I moved all toys to Progressive. I know they were a few dollars less than Ski Safe but I can’t quite remember how much. My records show I paid 300-330 this year for my 93. That just seems too low but I broke payments up to 2 payments in 2 months for the entire year and the one payment was 175 for certain. This year I have agreed upon value set at maybe 10k or 12k, the lowest I’ve ever set but I have medical and liability and out of work reimbursement set to the highest limit. In my fragile old age the boat means less but having two legs and a neck means more.
Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort
1993 Ski Nautique purple and black 351 HO PCM
Back to Top
quinner View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: October-12-2005
Location: Unknown
Status: Offline
Points: 5828
Post Options Post Options   Thanks (0) Thanks(0)   Quote quinner Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 9:20am
Ken, nice detective work however Thirf Boats yes, also Ballast Ships and let us not forget the Thirf Fairies in tow, lmao

On the subject, some insurance Co's will not do agreed value on older vessels. In my experience rates tend to stay low after the boat is a couple years old and then can creep up as they age, the actuaries seem to believe older vessels are more likely to have issues, such as sinking and that sort or thing, hence the higher premium. Kind of like our health care premiums as we age
Back to Top
NCH20SKIER View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: December-16-2004
Location: United States
Status: Offline
Points: 2204
Post Options Post Options   Thanks (0) Thanks(0)   Quote NCH20SKIER Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 10:07am
Our fleet (less the Chris Craft is through Progressive). Progressive was not interested in insuring the Chris Craft so it is through Ski Safe
'05 206 Limited
'88 BFN
Back to Top
Riley View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: January-19-2004
Location: Portland, ME
Status: Offline
Points: 7946
Post Options Post Options   Thanks (0) Thanks(0)   Quote Riley Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 10:13am
We use several companies. They're all over the place on price and whether they'll offer coverage. We have the old boats through Progressive as Skisafe won't insure them. Greg, funny how they insured your Chris Craft. Did you get the policy a long time ago?
Back to Top
NCH20SKIER View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: December-16-2004
Location: United States
Status: Offline
Points: 2204
Post Options Post Options   Thanks (0) Thanks(0)   Quote NCH20SKIER Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 10:15am
I have had the policy for ~10 years with Ski Safe
'05 206 Limited
'88 BFN
Back to Top
M3Fan View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: October-22-2005
Location: United States
Status: Offline
Points: 3185
Post Options Post Options   Thanks (0) Thanks(0)   Quote M3Fan Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 10:17am
Mine is 6-something for 2 boats, the 2000 and 2016 SN. 500K/500K. Agreed upon value for the 2000 and a very high value for the 2016 that I'm not going to argue with for sure. Foremost via Farmers.
2000 SN GT40 w/99 Graphics/Gel
2016 SN 200 OB 5.3L DI
https://forum.fifteenoff.com




Back to Top
desertskier View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: December-19-2006
Location: Az
Status: Offline
Points: 1114
Post Options Post Options   Thanks (0) Thanks(0)   Quote desertskier Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 11:20am
Boat U/S:
'89 is $176
'92 is $255
+ annual membership
Back to Top
TRBenj View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: June-29-2005
Location: NWCT
Status: Offline
Points: 21104
Post Options Post Options   Thanks (0) Thanks(0)   Quote TRBenj Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 11:49am
Stating premium cost without describing liability limits, comprehensive coverage, deductible amount etc is mostly useless.

That said, the amounts I’m seeing posted here still sound very high. I have used many of the companies referenced above (ski safe, progressive, global, Ace, etc) and never had a claim but would encourage everyone to check out Hagerty. They’re affiliated with the ACBS and are familiar with older boats and inboard ski boats (as well as classic cars etc). They can write agreed upon (not “stated”) value at any amount you’d like. The worst feedback I could find on them was Petes claim that an adjuster once walked across some mahogany brightwork with sandy sneakers.
Back to Top
desertskier View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: December-19-2006
Location: Az
Status: Offline
Points: 1114
Post Options Post Options   Thanks (0) Thanks(0)   Quote desertskier Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 12:03pm
Unless you raise the minimums it's all pretty much the same coverage for comparable value boats.

'92
Hull and equipment agreed value - 10K
Towing - 250
Liability - 300k
Fuel spill - 939,800
Medical - 10k
Trailer agreed value - 1k
Uninsured boater - 300k

'89 same except
Hull and equipment agreed value - 6,500
Trailer - 1500

And apparently my deductible has diminished to $0

I have also had two claims. One boat repair for $7k. One medical for a skier with a snapped femur.
Back to Top
67 ski nat View Drop Down
Platinum Member
Platinum Member


Joined: July-19-2018
Location: Santa rosa
Status: Offline
Points: 1178
Post Options Post Options   Thanks (0) Thanks(0)   Quote 67 ski nat Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 12:04pm
I’m using progressive for the 67. Agreed value $8000 full coverage. $200 annual. I was happy with that
Back to Top
8122pbrainard View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: September-14-2006
Location: Three Lakes Wi.
Status: Offline
Points: 41040
Post Options Post Options   Thanks (0) Thanks(0)   Quote 8122pbrainard Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 12:36pm
Originally posted by TRBenj TRBenj wrote:

would encourage everyone to check out Hagerty. They’re affiliated with the ACBS and are familiar with older boats and inboard ski boats

I would encourage everyone to NOT check out Hagerty. They are notorious for not making good on claims. I hear this all the time. The "affiliation" with the ACBS is they simply donate funds and attend many of the shows. There is NO affiliation.


54 Atom


77 Tique

64 X55 Dunphy

Keep it original, Pete
<
Back to Top
Gary S View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: November-30-2006
Location: Illinois
Status: Offline
Points: 14096
Post Options Post Options   Thanks (0) Thanks(0)   Quote Gary S Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 1:34pm
What kind of oil does everyone's agent recommend?
69 Mustang HM SS
95 Nautique Super Sport
Back to Top
zwoobah View Drop Down
Senior Member
Senior Member
Avatar

Joined: September-13-2018
Location: Providence RI
Status: Offline
Points: 308
Post Options Post Options   Thanks (0) Thanks(0)   Quote zwoobah Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 1:38pm
I have my Mustang with Progressive. $6000 agreed value, maxed out liability limits, $1000 deductible, about $140/yr. I have my modern cars, motorcycles, homeowners, and snowmobiles with Progressive as well so I get a multi-policy discount.

I have two older cars with Hagerty and their service has been excellent, although I haven't had to make a claim. I'll shop my boat policy with them before I pay Progressive for next year. I didn't realize that Hagerty covered boats. Thanks for the tip, Tim.
1968 Mustang 16 - 351W powered
Back to Top
8122pbrainard View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: September-14-2006
Location: Three Lakes Wi.
Status: Offline
Points: 41040
Post Options Post Options   Thanks (0) Thanks(0)   Quote 8122pbrainard Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 2:22pm
Originally posted by zwoobah zwoobah wrote:

I have two older cars with Hagerty and their service has been excellent, although I haven't had to make a claim. .

You opinion may change? Hopefully you don't have a problem if you do need to make a claim.


54 Atom


77 Tique

64 X55 Dunphy

Keep it original, Pete
<
Back to Top
MrMcD View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: January-28-2014
Location: Folsom, CA
Status: Offline
Points: 3582
Post Options Post Options   Thanks (0) Thanks(0)   Quote MrMcD Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 3:16pm
We learned the hard way when a Deer jumps out in front of your car while towing a trailer, hit the deer. If you hit the deer it is an act of God and fully covered no fault. In my case I did not hit the deer but did hit my other car my son was driving. That is an at fault accident.

My coverage is as follows and now with my higher premium I see some of the coverage has lowered.
Boat value: 12.000
Trailer: $750
Machinery: ??: $ 3,000
Deductable: $1,000
Liability: 500,000
Medical:   25,000
Uninsured Boater Liability: 500,000
Personal Property: None

It lists Horsepower at 310 I wonder if that rating costs more?
This is with Ski Safe, says Ancient Mariner Policy
Back to Top
Hollywood View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: February-04-2004
Location: Twin Lakes, WI
Status: Offline
Points: 13510
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hollywood Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 4:10pm
I thought you said your wife was driving, or at least it was your wife’s car...

Found it
Gel Coat Damage Repair advice needed
Back to Top
KENO View Drop Down
Grand Poobah
Grand Poobah


Joined: June-06-2004
Location: United States
Status: Offline
Points: 10605
Post Options Post Options   Thanks (0) Thanks(0)   Quote KENO Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 4:51pm
Originally posted by Hollywood Hollywood wrote:

I thought you said your wife was driving, or at least it was your wife’s car...

Found it
Gel Coat Damage Repair advice needed


You're sharper than the average bowling ball today Hollywood.

I see a lot of she's in that first post in the link.

The conspiracy theorists could have fun with this one
Back to Top
rosconole View Drop Down
Gold Member
Gold Member
Avatar

Joined: May-10-2008
Location: United States
Status: Offline
Points: 758
Post Options Post Options   Thanks (0) Thanks(0)   Quote rosconole Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 5:36pm
Ski safe was still cheaper on my 91 and 89 , 300 or so ea year
1989 ski nautique ,1991 barefoot nautique, 1993 Mustang Cobra 1998 5.0 Magazine shootout invitee
Back to Top
Orlando76 View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: May-21-2013
Location: Mount Dora, FL
Status: Offline
Points: 3108
Post Options Post Options   Thanks (0) Thanks(0)   Quote Orlando76 Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 8:34pm
Horsepower effects premium mostly. Next is region. Warmer regions have higher premiums because they figure us folks who use our boats year round and therefore acquire more experience are more likely to have an incident than Yankees who use their boats 3 months a year.

And always hit the deer! Had a lady friend swerve from a deer, lost car and life flight and it cost her $150k out of pocket even though she had auto and medical insurance.
Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort
1993 Ski Nautique purple and black 351 HO PCM
Back to Top
rosconole View Drop Down
Gold Member
Gold Member
Avatar

Joined: May-10-2008
Location: United States
Status: Offline
Points: 758
Post Options Post Options   Thanks (0) Thanks(0)   Quote rosconole Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 9:07pm
Also people like to steal alot more boats seems in FL too, especially outboards.
1989 ski nautique ,1991 barefoot nautique, 1993 Mustang Cobra 1998 5.0 Magazine shootout invitee
Back to Top
Orlando76 View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: May-21-2013
Location: Mount Dora, FL
Status: Offline
Points: 3108
Post Options Post Options   Thanks (0) Thanks(0)   Quote Orlando76 Quote  Post ReplyReply Direct Link To This Post Posted: December-11-2019 at 9:13pm
Originally posted by rosconole rosconole wrote:

Also people like to steal alot more boats seems in FL too, especially outboards.

Well when you finance triple 300 outboards at $30k a piece for 30 years you gotta do something to make that payment
Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort
1993 Ski Nautique purple and black 351 HO PCM
Back to Top
MrMcD View Drop Down
Grand Poobah
Grand Poobah
Avatar

Joined: January-28-2014
Location: Folsom, CA
Status: Offline
Points: 3582
Post Options Post Options   Thanks (0) Thanks(0)   Quote MrMcD Quote  Post ReplyReply Direct Link To This Post Posted: December-12-2019 at 4:19am
Hollywood that is mean posting that old post of my wreck!
I guess I deserve my premium.
That wreck was no fun to live through and the part that was the hardest is it was my fault.

My son could have moved the car forward to avoid the hit but my wife who was in my other car with my son ordered him not to. If I could have had 3 or 4 more feet certainly less than 10' there would have been no cantact. There was a little fawn standing right in front of his bumper, part of 4 or 5 deer that jumped out in front of him, the deer moved but that fawn stayed put. I was crushed since this boat had zero damage at all when I bought it, at least cosmetically it was perfect, I had just fixed the mechanicals and then wrecked it. The boat would have had zero damage if the trailer straps had not failed letting it slip forward. I later added the stop chains that are now mounted on that trailer. Looking back I think the boat came forward on the trailer when I hit the brakes not when I hit my Tahoe,
Wet bunks, downhill 50 MPH, stood on the brakes. That probably did it.

EDIT: I just went back to read that horror story, my wife did get the blame but my 30 year old son was actually driving my Tahoe and my wife was his co pilot on that voyage. She was the one that would not allow him to move forward with the fawn there.   He would have moved forward. Probably why I did the name switch at the time.
Back to Top
KENO View Drop Down
Grand Poobah
Grand Poobah


Joined: June-06-2004
Location: United States
Status: Offline
Points: 10605
Post Options Post Options   Thanks (0) Thanks(0)   Quote KENO Quote  Post ReplyReply Direct Link To This Post Posted: December-12-2019 at 10:12am
So I guess the moral of the story is that if you're gonna tell a story more than once, you should review the original story before telling the story again otherwise you have to come up with a new story about why the stories don't agree with each other
Back to Top
 Post Reply Post Reply Page   123>
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Copyright 2024 | Bagley Productions, LLC