new here with questions...
Hi All!! am new here and to the boating scene, I have always loved go fast boasts since a young age, now I have an opportunity to finally purchase an older, affordable Scarab. The boat in question is a late 70's 38' raised deck Scarab. I can not seem to find anyone to insure the boat as it is over 30 years old and considered a performance boat.
I have contacted both the agents that advertise on this forum and struck out on both, even the referrals turned me down due to age and it being a "performance boat" A local broker told me that I should tell the insurance companies that it is not a performance boat but rather a "cruiser" the broker told me not to use the name Scarab when I talk to perspective carriers but rather just tell them it is a 38" wellcraft cruiser. Has anyone else done this and what are the implications if i ever need to file a claim? What are the people that own older Scarabs doing for insurance? Thanks in advance for any advice. |
First of all I do not know how old you are ,What your driving record is like,what kind of credit rating you have,if you have any coast guard certificates or safe boating classes you have taken or your experience with boats at all in general....I am not being nosey --- simply making a point that any one of those things can eliminate you from getting insured.
It may simply be that the boat is too old and they do not want to take a chance on it or you. No slam intended!.. You might contact a company that insures old boats or antiques ,Again no slam intended.. Above all do not Lie to anyone about the boat--- It will come back to haunt you in the end.The advise your getting is all bad and do not listen to that crap!That is just my take on things and I may be wrong. Keep looking and maybe you will have some luck. Jim |
Originally Posted by cigboat1
(Post 3433865)
First of all I do not know how old you are ,What your driving record is like,what kind of credit rating you have,if you have any coast guard certificates or safe boating classes you have taken or your experience with boats at all in general....I am not being nosey --- simply making a point that any one of those things can eliminate you from getting insured.
It may simply be that the boat is too old and they do not want to take a chance on it or you. No slam intended!.. You might contact a company that insures old boats or antiques ,Again no slam intended.. Above all do not Lie to anyone about the boat--- It will come back to haunt you in the end.The advise your getting is all bad and do not listen to that crap!That is just my take on things and I may be wrong. Keep looking and maybe you will have some luck. Jim I did just get off the phone with another broker that assured me that he would get me coverage and will have quotes for me tomorrow, so I guess we will see what that brings. I own my own business (landscape contractor) and my business carrier advised me to make the boat an asset of the company and register it to the company and they will write it..... but I do not really feel comfortable doing that. To be extra clear.... I have never lied or deceived an Insurance company and nor will I ever.... but thanks for the warning. |
If I may make one more suggestion: unless you own this boat now ------ Look for a lot newer boat than what your looking at now ,you will not be sorry later for many , many, many reasons........
Good luck Jim There are all kinds of great buys out there now ----- Look harder!!!!!!!!! Try the classified adds on this web site!Go to boats for sale and click on Scarab. |
Originally Posted by cigboat1
(Post 3433912)
If I may make one more suggestion: unless you own this boat now ------ Look for a lot newer boat than what your looking at now ,you will not be sorry later for many , many, many reasons........
Good luck Jim There are all kinds of great buys out there now ----- Look harder!!!!!!!!! Try the classified adds on this web site!Go to boats for sale and click on Scarab. |
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