Boats For Sale:
Boat US Insurance.. |
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AAM196 
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Joined: October-23-2012 Location: Pittsburgh, PA Status: Offline Points: 846 |
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 Topic: Boat US Insurance..Posted: August-14-2020 at 1:48pm |
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Until recently, I have been more than happy with BoatUS. 2 years ago, after discussion with BoatUS rep, we set my agreed value at $15,300 for boat and $2,000 for trailer... It is a 1999 closed bow ski nautique on an eagle trailer. It spends it's time in a heated garage except for when we take it to lake etc to ski and gets wiped down and back in garage when not in use. I know Geico underwrites for them and they use BUC.com to establish value and can go 20% more or less to come up with value.
Well I just got my renewal letter and on the declaration page they dropped the value EXACTLY 15%. I spoke with Dad who has two boats insured with them and both of his were devalued by 15% as well. I called and got the runaround and am finding what used to be a very specific niche boat company is becoming more like the rest... I was also told (probably against the companies wishes) they spent a fortune of the past few hurricane seasons... thus limiting exposure! I spoke to a few reps and they are obviously trained well to deflect, they have said, "send pics and for sale adds of examples selling like yours..." I did, they say well... "we insure for Agreed Value not replacement", then they say, "feel free to hire a marine surveyor, but we still can't guarantee we will use their assessment.." I called ski safe and the quoted me and came up with 15k for boat and 3k for trailer but they are charging twice the premium. Anyone have similar experience? |
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Jonny Quest
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Joined: August-20-2013 Location: Utah--via Texas Status: Offline Points: 3009 |
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Posted: August-14-2020 at 2:02pm |
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Progressive Insurance . Reasonable Rates with stipulated loss values.
JQ
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Current
2003 Ski Nautique 206 Limited Previous 2001 Ski Nautique Open Bow 1994 Ski Nautique Open Bow Aqua skiing, ergo sum |
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uncle-buck
Senior Member 
Joined: June-14-2004 Location: United States Status: Offline Points: 331 |
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Posted: August-14-2020 at 9:55pm |
Ditto on Progressive. Just switched to them today. |
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AAM196
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Joined: October-23-2012 Location: Pittsburgh, PA Status: Offline Points: 846 |
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Posted: August-20-2020 at 2:02pm |
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Just as a follow up, once I was actually able to speak to an underwriter, he updated the agreed value back to the $17,300 without any issue. I will say it was very hard to get an underwriter on phone!
My premium is 35% less than the progressive and 80% less than ski safe quotes everything being equal/close. I don't have progressive auto which would probably knock it down a bit for multi-policy discount..
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Nautiquehunter
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Joined: December-31-2008 Location: Lake Lanier GA Status: Offline Points: 1010 |
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Posted: August-21-2020 at 3:45pm |
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Geico uses Boat US for their carrier.
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Jonny Quest wrote: