Insurance

I use Boat US which is related to Geico. I Have Geico for our cars and they have been great. For my 89 2001 it is 170/year, which also covers trailer and freeze protection. I need to send pictures of exterior and interior.

[QUOTE=Riley]   Who appraises old Correct Crafts? [QUOTE]

I appraise them all the time, don't you?

Usually if I don't pay what Tim says they are worth he buys them before me... so I just go with his estimate.

newscotty2001 wrote: I use Progressive and have an agreed value policy of $10,000 for my '89. It runs about $160/yr. This is the same company and policy I had on my 1990 Malibu that was totaled in a car accident a few years ago. They were very helpful during the claims process and I recieved a check for the full amount in just a few weeeks. Also, the accident (not my fault)and claim did not affect my premiums when I got my new boat.

Ive stated this over and over, but I'll do so again. Having a generous agreed upon replacement value in your policy is nice- but it is not a large driver in premium cost, in my experience. The single biggest driver is liability coverage (I would consider 100k/300k to be the bare minimum). Without that piece of information, its impossible to know if youre getting a good deal or not- if you have 500k of liability, its a great price, if only 10k, not so much.

I use Progressive and have an agreed value policy of $10,000 for my '89. It runs about $160/yr. This is the same company and policy I had on my 1990 Malibu that was totaled in a car accident a few years ago. They were very helpful during the claims process and I recieved a check for the full amount in just a few weeeks. Also, the accident (not my fault)and claim did not affect my premiums when I got my new boat.

Hey Gary,

In my case, they assumed it had an inboard... I just confirmed it. I spoke to three different agents getting rates for three different inboards before I bought mine too. None needed a Survey. My Dad didn't for his back in early 90s when he switched to BoatUS.

The only reason I would think they would need a survey for an inboard would be if the OE for that model was an OB or I/O and it was modified or if this was an older boat as the value could range significantly (just my guess).

Anyone else ever have this issue?

I use Boat US as well. Process was quick!

I got my quotes before I purchased and just phoned them when I purchased to start coverage. I didn't have to do any kind of survey as my 1999 SN and trailer replacement values were within their book value range. I did get quotes for older boats I was planing to restore. In those cases, I would need to present survey info as one would expect.

$300k liability ($900k for fuel spill coverage, crazy but understandable I guess). BoatUS offers a watersport pkg for additional $30. Covers $5k equipment, $5k extra medical and automatic Tournament Coverage in addition to the $1k pp. I figure all someone has to do is snag a $200 ski line/handle and it pays for it self for 7 yrs.
   
Anyhow, I think I am all in for around $260 yr. and I got a sticker!

There are a lot of additional features BoatUS and other marine specialty insurance companies offer.

Jimmy:

Read your profile. Gotta love the Aristocraft, actually a great hull design. Just hope it has the "ever-so-cool" sliding hardtop. Remember fondly as a kid the Steuben County (NY) Sheriff Patrol ran Aristocrafts on Lake Keuka....even cooler still with bubblegum-light and a big star on the side.

What GA lake you on????

Global Marine is OK for me too.

i am with state farm and mine is not covered nor anything else that could otherwise be covered... cars , dirt bikes, four wheelers

True that.. at least 100K

I have State Farm with an agreed value of $30000 and $500 deductible and its $281. I thought that was pretty good, I know we get a discount for having 2 boats insured with them as well.

If you took a Coast Guard boating course you are elegible for a discount, not much but worth mentioning if you took a course. Also make sure your liability covers skiers if you tow. Boat insurance is better through boat people like Ski Safe, Boat US etc. Especially if you ever need to make a claim.

I have West Bend Mutual home/auto. $185.00 a year with $10,000.00 replacement value. They just added a writer on my homeowner's insurance.

Oletela wrote: What insurance company does everybody use? And what amount do yall insure your boat for? I have a 89' 2001 that I just picked up and trying to see what the general consensus is on insurance on something like that.

Oletela, I have a '99 Sport Nautique with a dual-axle trailer. I'm insured with Travelers for an agreed-value of 30k (inc. trailer). I'm on a custom-pac policy that rolls in my homeowners, my vehicle and a personal liability policy, so I don't have a premium handy for ya.

I'm a bit high on the agreed value, even taking the trailer into account, but the difference in premium was not significant so in the event of a total loss, I can easily replace this boat with something similar and newer and not be out of pocket at all.

Hope this helps you....

TRBenj wrote: Donald, call Global Marine- I had no problem getting agreed upon values on my older boats through them. They found me policies with Ace and Progressive, right around $300/year (with high liability limits).

Tim,

I will give them a call.

Thanks,

Donald