353, 312 Insurance in Florida - Need advice
 

Hello All,

Im in the market for a 353 or 312 Formula. I started on insurance quotes but some these quotes are CRAZY!!!!!.

I recently got a quote for 353 in Miami, Fl for $7800. I have a clean recorded, no claims or loses. As it is the 312, I am finding for $2500. It is still high but not understanding why and what I can do to get into this boat. I would love to get the 353 but at the insurance cost of $8000 yr. this is crazy.

Can anyone provide some insight as to what I might be doing wrong?

When I asked the agent as to why is the insurance so high I get comments of "Because I am close to Cuba, it because a high risk for human trafficing". This sound like a lot of BS to me!!

Any advice that can help

Thanks

I have a 353 insured with Allstate in Southern CA. Insured value $120K on the boat and $20K on the trailer and it is $1,600.00 per year. A more expensive boat would cost more.

Agreed, I forgot to include the value of the boat 1999 valued at $45,000.

You all need to check out American Family. Several boating friends turned us onto them. They wont insure to much over the 525 engine's tho.. Pulled teeth to get the 382 with 525's threw.

2- 33 OL's , $380 and $600 a year.

Good friends new to him 382 with 525's, and new trailer $800

Thanks 92nx,

Just tried giving them a call, but they do not insure in Florida.

Any others?

Hate to say it but try progressive.

Isn't Florida area high theft area for boats? May be the real reason . . .

Florida has the highest theft and highest collision so it would be expected that the insurance down here would be higher than anywhere else in the country. My 28zx with whipples was quoted at $5k by Progressive for the superchargers, ended up with a great deal from All State for less than half that and I priced the boat around $50k too.

Wow this is crazy... Progressive $4800, All State corporate off says limited to 34 feet in Miami, they told me to call local All State Agent , they said they are limited to 26 feet.

This is crazy, any other companies?

Thanks

MullenTJ86
Do you have the number to your agent. Maybe I can go with a 312 instead.

Thanks

Fredis Trujillo. 1-305-556-1010

They took care of me. I had a few other All State agents turn me away. According to them, anything over 27' is a yacht. I kept calling around and these guys took care of me. His son actually was the one I deal with. Steve I think is his name but I'm not certain.

I just went through this, Palm Beach County though. Tried many places for 35' cig cafe, most of them stated if it's capable of over 45 mph they are not insuring now, some said no way if in Dade county as 1 out of 4 boats are stolen in Dade.

I have Geico insurance for 2 of my commercial vehicles, and ended up using them to get coverage at around $2400.00 for boat and trailer, stated value.

Randy

Stacey at Wakezone. Excellent service

FOREMOST is a boat insurance company compared to some of these you mentioned that are home/auto companies. Boat insurance from a boat insurance company is more reasonable than what you have heard from the car companies. Try FOREMOST. They can insure anything boat and they didn't have a problem with my triples like most other non-boat companies did.


By marine and Coast Guard definition a Yacht starts at 40 feet. Anything 39 feet and less is not a Yacht. Very strange to me that a coastal state would talk such smack as a 27 foot Yacht. :eekdrop:

When we had our 353 down in the Cape our insurance almost doubled from what it was at LOTO, but I had it insured for $60K with Progressive and the premium was $1,600 a year, I didn't have many choices though.

Try Bob at Worldwide Marine.

Yes, 27' being classified as a yacht to me, had me laugh...however, I love inviting friends out on the yacht. Foremost and Wakezone quoted me quite a bit higher than All State, that's all I'm saying on my end. I went with what worked best for me...which might not work best for others.

Try State Farm Insurance Company. They insured my 419 triple engine fastec (525SCs) at $90K value for $1,500.00 a hear in central florida, including inland and coastal boating (no Bahamas). I could get a rider per trip for the Bahamas. They did insure my house and cars though. They currently insure my $200K valued Fountain 38 Express Cruiser at $2,500.00/year.

State Farm told me no boats in FL. I used to have them for everything.

I had State Farm on our old 27' Fountain (stock 502MPI). After 2 months, they dropped me - as they "do not insure race boats". I almost pulled all of our policies from them - but my agent explained that it was not up to her, it came from corporate.

I carry just Liability .......NE Florida .....m

I tried Fred Trujillo as MullenT suggested , and he came back with an awesome rate. So I just need to find a boat and check again to write the policy and hope all works out.

Also, does anyone have any history about this boat located in Sunset Beach MO.
http://www.proteammarine.net/marine/...s.php?v_id=418

Glad they worked for you Priobe. Good luck with the buy.

For just slightly more than that you can buy mine. Same color/graphics with about double the horsepower. Already in Florida. Only a 3 hour trip away.