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Attention owners of older performance boats :

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Old 07-06-2006, 08:53 AM
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Default Attention owners of older performance boats :

Where do you have your boat insured ?

I am having difficulty in getting someone to insure my 1986 Sutphen with twins.

Some companies say it`s the age, some say it`s the horsepower, others say it`s a combination of both.

I went ahead and signed with Progressive, but they will only insure it for a max value of $20K. My premium is $1140 per year with a $500 deductible. No survey required. I wanted insurance in place for the 4th. They were only company that would start coverage immediately.
I am still shopping around for someone who will cover the boats real value without raping me on premium.

These are the only 2 companies that will insure it besides Progressive:
Boat US will insure it for $30K value with a premium of $1610 and a $1675 deductible. Survey required.

State Farm quoted me $1300 premium for $40K value with a $2000 deductible. Survey required and must sign a waiver stating that no modifications will be done to enhance the top speed.....
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Old 07-06-2006, 08:55 AM
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Default Re: Attention owners of older performance boats :

Quote:
Originally Posted by HigherPower
Where do you have your boat insured ?

I am having difficulty in getting someone to insure my 1986 Sutphen with twins.

Some companies say it`s the age, some say it`s the horsepower, others say it`s a combination of both.

I went ahead and signed with Progressive, but they will only insure it for a max value of $20K. My premium is $1140 per year with a $500 deductible. No survey required. I wanted insurance in place for the 4th. They were only company that would start coverage immediately.
I am still shopping around for someone who will cover the boats real value without raping me on premium.

These are the only 2 companies that will insure it besides Progressive:
Boat US will insure it for $30K value with a premium of $1610 and a $1675 deductible. Survey required.

State Farm quoted me $1300 premium for $40K value with a $2000 deductible. Survey required and must sign a waiver stating that no modifications will be done to enhance the top speed.....
You may be reqired to get a survey to show the value of the boat if you want to insure it for a higher value. I believe Total Dollar will insure it for the appraised value if you have a survey done.

http://www.totaldollarinsurance.com/

Their website says maximum age of 10 years but I know someone who has a 1988 topgun insured with them.

Last edited by clearcut3; 07-06-2006 at 08:57 AM.
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Old 07-06-2006, 09:52 AM
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Default Re: Attention owners of older performance boats :

Call Bob Luellen at World Wide Marine.
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