New Partner - SkiSafe Boat Insurance

I agree with Keith on this topic for insurance for our Correct Crafts. We currently have insurance on both boats and they quoted us very well if anything were to happen to them.

Keith do you know if there giving a discount for being a CCF member?

Thanks

Phil

   Not sure if it's the age or not either Tim, but I have had a stated value policy on my 210 since new. In this economy I would get hosed by the NADA value if something were ever to happen to it. I'd rather pay a little extra for piece of mind. They also cover $2500 worth of ski/wakeboard gear /personal items and have roadside assistance reimbursement. I'm not sure if they still do this either, but when I first bought my boat and had the discussion with them about stated value policy, they told me that if you buy a NEW boat and it's a total loss within the first year they pay you 125% of the purchase price.

    Mike

Mike, Im in the same position- Id get hosed by NADA too! Thats why I was disappointed that they were requiring me to change my policy... I had to shop elsewhere.

Tim,
All I can say it might be worth another try. I don't know the details with your policy but they were able to insure my '86 Silver for an agreed-upon value no problem and the same is true for my '94 Nautique.

Luckily, the quote is free.

-Keith

Ive been very happy with Global and dont plan on switching- but I did just try an online quote with Ski Safe but all I got was, "We are unable to provide you with an online quote at this time." Something's up!

I found this guy hiding out under the doghouse... watching me...




I have Erie insurance now. I have my boat insured for what others of comparable value are selling for. I sometime worry that if their was a loss I would have a hard time getting what I want since I paid way below NADA when I bought the boat. I may call my agent and ask some questions... I'll be checking out Ski-Safe.

quinner wrote: TRBenj wrote: Ive been very happy with Global and dont plan on switching- but I did just try an online quote with Ski Safe but all I got was, "We are unable to provide you with an online quote at this time." Something's up! Have bounced around with many different co's over the years, recently renewed w/progressive for just over 2 bills, agreed value at what I paid new in 05' w/tax. Also tried to get a quote and got the same message as Tim??

Progressive also, agreed value on a 27 year boat.

M3Fan wrote: TRBenj wrote: Ive been very happy with Global and dont plan on switching- but I did just try an online quote with Ski Safe but all I got was, "We are unable to provide you with an online quote at this time." Something's up! Isn't Global just a broker? I don't recall them being a direct provider.

Thats correct.   My policies actually lie with Ace ('90) and Progressive ('71 and '78), all agreed-upon values.

There's a real good boat insurance site here as well, hope that can help people out if they need more info on this stuff :)

What kind of rates are y'all paying for boat insurance and with who? Been shopping around and I'm floored at the premiums vs. what I'm paying with USAA for my Skiff (but too hard to get additional policies added to).

I've used SkiSafe since 2000. Had a claim once and they were incredible. My policy is $18,000 for the boat, $1,000 for the trailer, $500,000 liability, and a $500 deductible. This season's cost is $279. They do take into account that the boat is stored from October through April. What I pay in car insurance in Dorchester? Scary insane.

Might be due to your boat having the ability to being used 12 months out of the year. They don't have to worry about liability on my boat 8 months out of the year. Plus, I'm sure they take into account the amount of boating accidents per year in your state. There a lot more boats in Florida than in Maine.

Just a side note on policies after years of doing this with classic cars. Those of you using the terms "Stated Value" and "Agreed value" need to know they are not the same thing when it comes to a complete loss of the vehicle (crash, stolen, fire, etc),

Stated value means you provided a value to the insurer of what you think your vehicle is worth and they base your premiums on that value. BUT there are usually words in the policy that allows for a decrease in that maximum value based on book value, and/or comps in the area. Basically it allows the insurance company to find that "equivalent" boat on a trailer in someones back yard for sale at 1000 dollars and use that value as a comp and pay you that amount.

Agreed value is a policy that you and the insurer "agreed" is he value of your boat, and in the case of a total loss that is the value that will be paid. If there is any statement about allowing for a decrease in the stated value based on book value, local comps, or anything else in your policy you have a stated value policy that probably won't payout what you think its insured for. You want an aggeed value policy that states that is the value that will be paid in the event of a total loss. Seen many people think they have a certain amount of coverage only on a policy thay though would pay out a certan amount only to find out they don't even have enough to take it to the dump to dispose of it.

Make sure you know what you have.

I was insured by Boat US until I purchased our 95 Ski Nautique.
Boat US treated us well with our 20 year old Malibu and I was happy with them.
When I bought the Nautique, a 1995 with 100 total hours on it, garage kept and in like new appearance I tried to insure it for 15,000. Boat US said it was only worth $8,500 and that was all they would insure it for.
I switched to Ski Safe and they upped the limit to $12,500, better by far than Boat US but I am still under insured. No way I could replace it for $12,500.
I will offer that we had an accident. reported here last year when 4 deer ran out in front of us and our boat was damaged..   Ski Safe did not haggle, treated me very well and cut a check quickly for repairs. and I was happy with the way they did their part.
Hope this helps some boat owner.
They were very good.