Older Boat Insurance
#2
HP Marine Ins. Specialist
Join Date: Mar 2008
Location: Insuring any kind of boat
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Let me know if you fit into the category above.
#3
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Join Date: Mar 2011
Location: long beach ca
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I have a 25 ft nordic with 300 hrs on it and in very good condition . Last mo someone stole my lower unit i called my insurance co they told me 2 get a price 2 replace it. nordic gives me a price of over 7k my insurance co ALLSTATE sends me a check for 600.00 . they say my boat was old so they took 85 percent off the price.WHAT CAN I DO?
#4
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iTrader: (2)
I have a 25 ft nordic with 300 hrs on it and in very good condition . Last mo someone stole my lower unit i called my insurance co they told me 2 get a price 2 replace it. nordic gives me a price of over 7k my insurance co ALLSTATE sends me a check for 600.00 . they say my boat was old so they took 85 percent off the price.WHAT CAN I DO?
Have your policy changed to "full replacement cost for all parts". Depreciated value on the parts, will never get your costs covered.
#5
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I have a 25 ft nordic with 300 hrs on it and in very good condition . Last mo someone stole my lower unit i called my insurance co they told me 2 get a price 2 replace it. nordic gives me a price of over 7k my insurance co ALLSTATE sends me a check for 600.00 . they say my boat was old so they took 85 percent off the price.WHAT CAN I DO?
#6
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Is there such a thing as a "stated value" policy for older boats? about ten years ago I did a "rotisserie" restoration on a '68 Z/28 Camaro and had a "Stated Value" policy on it for $35K. If I recall there was an annual mileage limit of 5K miles but I never got close to that. I had un-insured motorist on it also. One night at a "Cruise In" at a local restaurant, some turd knocked a hell of a dent in the passenger side door with the door of his POS work truck and hauled ass when I yelled at him. My insurance paid for the $1000 re-finish (12 coats of Ditzler Deltron Black base coat/clear coat) of the door less a $250 deductible.
I see some boats like "Broken Arrow", a 41' Apache that looks so clean you could perform surgery on it, at the Poker Runs down here. Surely they have some "double throw down" boat insurance for these older rigs.
Just wondering.
Bad Ass...find out who your State Representative is for your district and bring them in on this one along with a complaint to your state insurance commissioner.
Remember....squeaky wheel gets the grease.
I see some boats like "Broken Arrow", a 41' Apache that looks so clean you could perform surgery on it, at the Poker Runs down here. Surely they have some "double throw down" boat insurance for these older rigs.
Just wondering.
Bad Ass...find out who your State Representative is for your district and bring them in on this one along with a complaint to your state insurance commissioner.
Remember....squeaky wheel gets the grease.
Last edited by sprink58; 08-28-2011 at 11:31 AM.