Insurance for 42' 2005 Executioner
 

Thinking about putting together a 2005 42' Executioner, with 600 HP, Bravo drives, on a trailer. I boat on the Great Lakes have a good driving record, and older than I would like to ADMIT!! Boat with trailer should be valued at $200.000.00

What should I expect? Paying $1000.00 per year on a 2001 358 Sonic now.

Re: Insurance for 42' 2005 Executioner
 

Have 1995 419 sr1 with trip 500s and am paying a little under 1000.00 live in same area insuered foe 120000.00

Re: Insurance for 42' 2005 Executioner
 

Jeez those are good rates. 05,35x paying 1700.00
with progressive.

Re: Insurance for 42' 2005 Executioner
 

Downtown, is your policy an agreed value policy? What is your lay up period?

Re: Insurance for 42' 2005 Executioner
 

My 38 is a 99. I pay 948/year. Insured for 125k I am 30 years old with a clean driving record. Having a clean record helps a bunch. Oh. I am with progressive.

Re: Insurance for 42' 2005 Executioner
 

You best know what your policy is. If you do not have an agreed value policy (which Allsate, Sate Farm and insurance company's like this DO NOT write) and your boat is a loss then your insurance company will give you "market value". So say your boat cost you $250K and you financed $200K and your boat is stolen or damaged in a tornado ect and is a loss then you insurance company will only give you a percentage of it's real worth...probably only around $120-150k.
With boats like what we are all mostly buying an Agreed Value policy is the only safe way to go.

Re: Insurance for 42' 2005 Executioner
 

My guess would be $1500 if you have other items insured with them also.

Re: Insurance for 42' 2005 Executioner
 

man you are really getting raped. I called progressive and they wanted $1400 with an absurd deduct. I called my allstate agent and picked up the top of the line policy with a $500 deduct for $870. Boat is insured for $125,000 - 04 35x

Re: Insurance for 42' 2005 Executioner
 

Mike you are correct, you will get market value with an ACV- now as long as the Book value..... Nada, ABOS, Kelly Blue Book average to where you need to be in a total loss - as long as you have given them enough of a value to insure you will be ok in a total loss. The agreed value policy is based on a dollar amount and book value is used to get a baseline on the value of the boat - you cant insure a 5k boat for 100k - they usually alow you to go about 10% higher than the average NADA retail. If you have a total loss the agreed value policy will pay you based on what you agreed on and the cost of the policy is based on that dollar amout.

Re: Insurance for 42' 2005 Executioner
 

Thanks for the replies, I'm getting some very positive figures,and it looks like the insurance won't be an ISSUE. I will be giving Bob at World Wide a call on Monday and see what he can come up with.

Re: Insurance for 42' 2005 Executioner
 

When we had our 35 Lightning, tried to go thru progressive. Once I said I lived in NC, they said sorry, no boats over 30' could be insured by them in a "costal state". Didn't matter that we don't even live on the coast or planned to use it in the ocean. WorldWide and Total Dollar were both over $1600; Wordwide was right at $3000 and my driving record is perfect. Ended up going with Total Dollar and then ended up selling the 35 after a couple of months and later bought a 292 Fastech (which is for sale at a really low price, if anyone is interested). Got insurance thru state farm for that boat for $347 per year with no layup, and very low deductible!

Re: Insurance for 42' 2005 Executioner
 

>I have a 06' lightning 525 trips, clean record and I am paying over $4,000/year w/5% ded.
>sounds like I may be paying to much!!!
>any Ideas

Re: Insurance for 42' 2005 Executioner
 

I am 31 yrs old, clean driving record blah, blah and so on.....................bottom line, paying almost $2500 CDN for a 1999 42 lightning with a pair of 600's.............I am moving south!!! :eek:

Re: Insurance for 42' 2005 Executioner
 

No kidding!!!.......Im paying $1500 a yr for my old boat.......Jay, we need to shop around!!!!!!! :mad:

Re: Insurance for 42' 2005 Executioner
 

Don't move too far south! Insuring a boat in Florida is very expensive! You guys in other states sure have it made with boat insurance. State Farm, Allstate and other like these company's will not touch a boat that is over 50mph.

Re: Insurance for 42' 2005 Executioner
 

actually, when I think about it my boat IS agreed value............ for signifigantly more than its really worth.