how much to insure 28 daytona
 

got quoted by markel for $4700.00 a year with twin 525's. seems real high. how much u guys paying?

ya I would call around to some big name insurence companys first you would be suprised, I know a guy with a 28 daytona that only pays $850 a year, but then another with a 28 daytona with big power pays $5200, just shop shop shop!! talk to every insurnce company until you find the right one. Maybe try calling agents in havasu since there is a ton of eliminators down there.

Exact reason why i bought a 496 boat , i pay 800 annual for year round coverage

I pay $4900 a year for a 2006 28' Daytona with 525's so that sounds about right. I'd be a little concerned that the company doesn't know what they are insuring if it was a lot less than that.

It depends on your carrier,area and experience. From what I have seen some of the bigger companies cover some of the smaller power boats (496) under auto policies that are cheaper. I would recommend reading the fine print on those so you know what you are getting. The true marine policies such as Markel and American Reliable are going to cost more from what i have seen especially if they have agreed value rather than cash value as most of the auto plocies are. They may be your only option with 525s and a boat that is in the 110-115 range (just a guess).....

Where are you located?

Inusring a 28 Daytona
 

in 2007 when I was insuring my 28 Daytona w/496 HO's, I was also paying less than $1k annually. But then they refined my policy and put language in that excluded poker runs...so I also had to go to Merkel.

Keep in mind that Merkel was offering a discount for those that took the Tres Martin driving school (which I did as well).

The numbers mentioned in this thread are consistent with my experience.

$800 a year 30 with twin 496's, my 2nd cat
gotta shop around. i called Markel and they wanted $3800 for the same coverage.

I'm not doubting you but something doesn't sound right about that. Markel probably insures over 50% of the cats out there. Why would they be so much more expensive?

Call Staci(Stacey?) at Wozencraft.

Possibly because I dont have everything I own insured with them, and they stated that even though I currently own and have owned another in the past, it did not qualify as previous cat insurance for a new policy. The rep basically told me that you had to pay the high price premiums for a few years before they would get you into a reasonable rate. I obviously chose to pass on their services.

Depends on where you boat and live - I had Markel insure my 30 Motion @ $5,500 per year - the problem is, I live in Florida and Markel was the only insurer (at that time) that wrote insurance for cats in Florida. With no competition, they pretty much wrote the rules...

Monopely on a righ risk market, I think your percentage is off on cats over 30, I think it is more like 80% or 90%, but on smaller then 30 there is alot more competition and boats witch drives down the price.

This wasnt the case in my experience. There are very few companies that will insure smaller cats. I shopped for a month and ended up going with markel through Elton Porter ins. agengy. I would recommend them to anyone.

The two big companies already mentioned several times will quote somewhere between $4000-5,000 per year and probably mandate Tres Martain School unless you have 4-5 years cat experience. If you do not have cat experience they may not even write your policy. Seemed starnge to me because how can you ever get experience if you cannot get insurance? I have major problems getting my boat insured since it was my first cat even though I have over 25 years boating both large crusiers and performance boats. Have to get written letters from a couple of my friends who I had driven there cats just to get quotes.

Long story short is by doing lots and lots of research and asking around hooked up with another company for less than half there quote.

So my suggestion is to shop, shop, shop and research, research, research..........

This is the best advise out there. You have to research and dont take the first quote. One other note of caution is to make sure the company knows what they are insuring. If you have an issue down the road, you do not want them going ohh... we didnt know it was a cat, sorry your SOL.

I called around for 2 weeks when I bought my 28ft daytona and nobody would insure me because I am 27 and never owned a cat before. I emailed this guy out in California I [email protected] it took him a while because nobody in the U.S. would insure a first time cat owner under 35, but he found me a company which I forgot the name of in canada which has 60,000 clients in the U.S. He got me insured for 1600 a year.

There have been some talk about an insurance company from Canada that may be able to insure in the US. Not sure if it's the same one but it's been bantered back and forth a few times.