Insurance

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.

Global Marine (endorsed by USA Waterski) has been a great broker. Theyve found me true agreed-upon replacement policies for all of my older boats.

I use Voyager Marine Ins. out of Dallas. It is underwritten by Progressive. Agreed value policy for a good price. Haven't had a claim. So I don't know how they are in that department. But they are good at cashing my checks.

Been with Foremost (owned by Farmer's) for some time now. I have an AGV policy which was for a nice replacement value back in 2006 but, unchanged, is now a ridiculous amount for my 12 year old boat and the premiums are still very reasonable.

east tx skier wrote: Hollywood wrote: I applied with Boat US yesterday, so far so good. Quick, easy communication. I have to pull up my floor to submit a picture of my "fuel system". Say what?!?

Some companies require a Self Survey with pictures, especially on older models.

I have an 89sn insured with Boat US I didn't have to do any kind of self survey. Mine is just under $300 a year for a declared value of $10,000 and the highest coverage on everything else. They are an A rated insurance company so if you have an umbrella policy with another insurance company you can add your boat onto that as well if your interested in more libality protection. I had a $900 policy with State Farm for less coverage for about 3 month before I figured that all out. With Boat US you also get a year Boat US membership and West Advantage Gold membership with West Marine. That gets you a $10 gift certificate for ever $250 you spend there. You can also add their trailering program for $14 a year that covers your trailer and tow vehicle, well worth it in my opinion because AAA will not help you with a boat trailer as I found out the hard way. -Lou

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).

For old boats, I've found Progressive easy to deal with, but make sure you put the amount you're going to eventually want on it as they won't let you increase the agreed upon value without an appraisal.

Allstate. $116 a year for $7k replacement.

I have Erie Insurance. I think its $190/year with $17,000 coverage.

Again, liability coverage, followed by comprehensive coverage are going to be the biggest contributors to the cost of the premium. Replacement value has little impact in comparison... so stating your replacement value vs. premium cost can be very misleading, as its only telling part of the story.

I have had Boat US since I purchased my boat in '94. Have had two claims both paid with no problems. My friend broke his femur behind my boat and they paid his $5K medical deductable even when I only had 1K extra medical. I raised it to $10K after that incident. I hit the bottom of Lake Powell on the first ski run of a 10 day houseboat trip and bent everything. Insurance paid $7K to fix it.

TRBenj wrote: Again, liability coverage, followed by comprehensive coverage are going to be the biggest contributors to the cost of the premium. Replacement value has little impact in comparison... so stating your replacement value vs. premium cost can be very misleading, as its only telling part of the story.

Check your home owners mines covered. for declared value and good liability

I am not using anyone yet, but i am planning to use Global Marine, as my uncle has been using it and he is quite satisfied with their services and he has recommended it to me.