I need insurance for cat
 

Progressive said no, AAA said no and its a deck boat with only a 496 HO what gives. I think its because its suppose to do 70 or 75. Any ideas. I'm supposed to pick this toy up tomorrow.

Re: I need insurance for cat
 

With out knowing where you are call Bob Luellen, Worldwide Marine. PM me if you cant search his number. Depending on what state you are in there might be other options.

Re: I need insurance for cat
 

For Progressive the HO = NO GO! They won't insure anything with more than 415 HP per motor no matter what the size. They have a question on their applications that ask if > 415 HP, if you answer yes they don't insure it. Note this question is per motor not total HP. I called the 800 # and the moron asking the questions disagreed on the per motor vs. total HP question and said they wouldn't insure my twin 6.2 boat since it was 640 HP (320 X 2 motors). I got through to a supervisor that understood the question correctly in reference to per motor > 415 HP.
If you redo the application and say it is a 496 Mag (non HO 375 HP) I bet Progressive will write the policy.

Re: I need insurance for cat
 

thanks for the info, oh bideaway, I live in SO CAL but I leave the boat in Arizona.

Re: I need insurance for cat
 

I just had the same problem last week looking for insurance for a 47 Fountain.Nobody liked the speed of the boat and that I am in Florida Call. Alliance Marine 1-800-441-7755 and speak to John Campbell tell him Mike from Apollo Beach sent you. Total Dollar would not insure the boat and worldwide never got back to me with a quote. John from Total Dollar referred me to Alliance. Mike

Re: I need insurance for cat
 

Where did you find this?

Their cutoff is at 75mph and 500hp per side:
http://watercraft.progressive.com/Corporate/types.asp

Re: I need insurance for cat
 

NO, NO, NO!!! DON'T LIE ON THE APPLICATION. Don't take this advise. If you lie on the application and have a claim, they could refuse to pay your claim and then you'd be screwed.
If a 100+mph cat can get insurance, so can you. Just find the right carrier.

Re: I need insurance for cat
 

Cig,

Go online and try to get a quote for a 1,000 HP 32/33/35 ft boat. You will get this response:
I think the 500 HP per side is for like a 42 Fountain= TOO SLOW in this boat. The 500 HP is not a blanket qualification. I tried to get a sample quote for a 32 Lavey Craft with 496 HO's and they kicked back this response:


Watercraft Information

Watercraft #1 - 2006 Lavey Craft 32 NuEra Offshore
Watercraft use:
(select "Pleasure" if no other choice applies)
Pleasure use exclusivelyRacing/Speed contestsBusiness/Commercial useRented or leased to othersPrimary residence
Make:
Lavey Craft
Model:
Horsepower cannot exceed 750 on this model.
32 NuEra Offshore
Hull Material:
Fiberglass/CompositeAluminumInflatableWoodSteelOther
Number of Motors:
(do not include trolling motors)

Total Horsepower:
(if more than one motor, add the horsepower of all motors to determine total)
Horsepower cannot exceed 750 on this model.

Engine/outdrive modified to enhance performance?
YesNo
Value of watercraft:
(enter whole dollar numeric values only, ex: 15000)

Does the value include a trailer?
YesNo


Semper, I agreed with your statement 100%. That 50 HP ommission( 496 vs 496 HO) could be real hairy in a claim situtation. I was just trying to show him that the boat being a cat wasn't the problem, the HO motor was.

Re: I need insurance for cat
 

Okay, makes sense. I guess that's where the 75 mph rule comes into play, whichever comes first.

Thanks. :)

Re: I need insurance for cat
 

1.800.339.1235

Re: I need insurance for cat
 

VERY IMPORTANT!

Guys I work in the Insurance Industry and it is essential that you never lie on an application. Your claim will be DENIED and you'll be out of luck.

Re: I need insurance for cat
 

there you go call Angel he works in insurance. How you doing homey ? i have the boat at Tommy's so any day now it will be splashing

jr Mike

Re: I need insurance for cat
 

Couldnt agree more.
You dont need insurance until you REALLY NEED insurance. If you lie about what your trying to insure the company will be more then happy to collect your premiums for all the time they dont have to pay a claim. Once there is a claim is when you will find out if your lie worked. Not a position I would want to find myself in. Its not worth it.

Re: I need insurance for cat
 

Doing good Mike..I'm sure you can't wait to splash that puppy. :drink:

P.S. - Guys unfortunately I can not underwrite ANY boat policies at this time. Now if you need great auto coverage in Florida I can definetly help.

Re: I need insurance for cat
 

Just out of curiosity...say you do lie. Say you have 550HP Engines and say on the insurance app that they are 490HP. If something happens, will the insurance company put the engine on a dyno to find out?? I can't imagine they would do that, but I would think that's the only way they would really know if they were over 500HP. And what if the boat sank in 80' waters and the boat couldn't be pulled out. How would they ever know they are over 500HP. Stupid questions I know, but I am just curious.

Re: I need insurance for cat
 

They go on OSO and see your posts.
They interview your friends, talk to your engine builder and mechanic etc etc.
It would suck to lose my boat but thats really not why I have insurance. I carry the insurance so my family doesnt lose their house. God forbid someone were to get hurt and be out of work or have medical bills that exceeded what they or I could afford to pay. If your boat sinks or is stolen you probably will get away with it but if there is an accident, there will be more investigations by more agencies than any of us care to imagine Im sure. I want to be insured for the stuff that I cant afford to cover....the boat is already paid for.
Just my opinion.

Re: I need insurance for cat
 

True True.

Re: I need insurance for cat
 

Lets not forget prop shaft HP...Its not going to be 500hp more like 470.. HP at the shaft descides your speed not the ci.

Re: I need insurance for cat
 

im working with a guy here in indy that is very interested in insurancing our type of boats. i will keep all informed
peppers racing

Re: I need insurance for cat
 

My cat has been with World Wide for a few years and they put a HP limit on my policy this year. I'm just under the limit.

At what RPM are you supposed to measure your HP? Don't #6s and transmissions eat up a lot of HP?

Re: I need insurance for cat
 

I dont think the insurance companies make a distinction between rated and prop shaft horsepower. If your running a manufactured engine I would use the advertised horsepower, some will be high, some will be low. If its a custom biult engine then I would think you have to go with your dyno numbers.

Re: I need insurance for cat
 

That's why I never buy a boat until I get it insured :cool: