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Boat Insurance??? Need some direction....

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Old 07-03-2006, 11:31 AM
  #11
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Default Re: Boat Insurance??? Need some direction....

Quote:
Originally Posted by TeamPSI
I actually live in Apollo Beach just south of Tampa... just turned 30 last week. Come to think of it, when I made all of my insurance phone calls... I was stil 29.. maybe this made a difference??

Anyway, the motors are yanked right now... I actually put it up for sale due to the insurance deal... but I'm thinking about just keeping it and not going with the insurance. I have twin Merlin blocks and will probably work the motors to 572 without a blower for now.

When I get the motors in, I'll have to get in touch with you...

Q
http://adcache.boattraderonline.com/6/4/5/84803445.htm
I assume that is your boat.
Let me know when you are up and running again. I also live in Apollo Beach, so you can not be far from me. Do you keep the boat on a lift or on a trailer? Mike

Last edited by DRIVEN1; 07-03-2006 at 11:38 AM.
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Old 07-03-2006, 11:40 AM
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Default Re: Boat Insurance??? Need some direction....

Ah... I did not see your signature until now. That sounds great! I am building a house as we speak... When the boat is done, then I'll keep in at my house (dock behind my house) But right now it is in storage. Shoot me a PM with your phone number and I'll give you a call.

Q
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Old 07-03-2006, 11:45 AM
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Default Re: Boat Insurance??? Need some direction....

Quote:
Originally Posted by TeamPSI
Ah... I did not see your signature until now. That sounds great! I am building a house as we speak... When the boat is done, then I'll keep in at my house (dock behind my house) But right now it is in storage. Shoot me a PM with your phone number and I'll give you a call.

Q
Just sent you a pm.
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Old 07-03-2006, 01:26 PM
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Default Re: Boat Insurance??? Need some direction....

Go with John Campbell at ALLIANCE,He is based in Florida and his policy has the best coverage for your area.
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Old 07-03-2006, 01:39 PM
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Default Re: Boat Insurance??? Need some direction....

if your not going to have insurance, get an umbrella policy and take the rest and put it in a money market account until you need it for repairs, etc.
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Old 07-03-2006, 02:01 PM
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Default Re: Boat Insurance??? Need some direction....

Quote:
Originally Posted by TeamPSI
Thank you very much for the information! I called over there and looks like they can get the job done. I need a recent survey... but that is it.

Still probably going to be 6 to 8K per year which seems high to me. What do you guys think?

I'm payin 8000 for a 51 OL in Jrsey no hurricanes up here to me that sounds fair.
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Old 07-03-2006, 09:41 PM
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Default Re: Boat Insurance??? Need some direction....

THE 51 OL is insured for approximately $ 500,000 and the hurricanes will be in NEW JERSEY and NEW YORK SHORTLY ACCORDING to ALLSTATE INSURANCE COMPANY.
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Old 07-03-2006, 10:33 PM
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Default Re: Boat Insurance??? Need some direction....

I a musing AlState, fair results, I do not think their underwritters understand performance boats.....
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Old 07-03-2006, 11:15 PM
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Default Re: Boat Insurance??? Need some direction....

I had a deal worked out with a marine insurance co. to give all OSO members a good deal but the thread got poofed for some reason. It's to bad because members were really saving.
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Old 07-04-2006, 08:54 AM
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Default Re: Boat Insurance??? Need some direction....

From the sounds of your houses taxes I am going to assume you have some assets you would like to protect. You shouldnt be worried as much of the boat value but should be worried about the liability portion of your insurance. Accidents happen and you dont want to lose your savings, house, and future savings over it. An umbrella policy will not cover your boat accident if your boat is not insured, I know because I have both. Your umbrella policy will make you raise all your liability insurance on everything you own if you want them to cover you for the amount that would run over. I would look into tweaking your insurance so you could maybe just get liability and take the risk on the boat. My 2 cents.
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