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offshore boat insurance, what a rip! What do you guys do?

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Old 03-06-2002, 05:44 PM
  #31
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That's all year round full coverage for me
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Old 03-06-2002, 05:47 PM
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KN...Full year coverage for me also.

Rob, your rate seems good also, since your dollar amount is basically double mine.
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Old 03-06-2002, 06:41 PM
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Sy for President!

I didn't think I would be insurable for this season - not because I have a bad driving record (I don't), not because of my age (I'm 36), but because of the speed of the boat. 85+ mph v-bottom with non-OEM power and non OEM o/d is hard to get insurance for......I could almost hear some of the insurance agents laughing over the phone when I told them I had over 650 hp in a 25' boat - LOL. Cost: Approx $1300/yr. You wanna play, you gotta pay, but Sy rules.
 
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Old 03-07-2002, 01:31 AM
  #34
KN
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Quote:
Originally posted by Advantage_Rob
That's all year round full coverage for me
I see you and 96Vyper are from Michigan, what I meant about a 6 month lay up is, you are covered for 6 months of use and 6 months of storage. Or do you have as much use as the weather will allow.

Kirk
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Old 03-07-2002, 02:40 AM
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i pay $18.00 a month which is about $268.00 a year and that is full coverage but i also have my wifes car my truck,snowmobile and renters through statefarm.
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Old 03-07-2002, 02:43 AM
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that is year round coverage for me and someone said statefarm wont insure anything with more than 330hp mine is 365hp and they didnt even question that.
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Old 03-07-2002, 02:54 AM
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State Farm also insures both my boats.
Baja is $320 year with 350hp and 60mph declared.
Pantera is $450 year with 490hp and 70mph declared.
Both have no lay ups and $500 deductibles.
I'm sure my agent does help. He has had mine and my entire families policies on everything for 18 years.
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Old 03-07-2002, 10:14 AM
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KN..my insurance doesn't break out for 6 months use and 6 storage. I would be covered if I took the boat south for the winter under the same rate.
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Old 03-07-2002, 10:19 AM
  #39
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OnTheBay
That's about what I was paying on my last boat, a 23' 502mag with USAA.

Recentltly went thru a "yacht policy" fiasco. Seems the deductioble was 5% of boat value irregardless of what or how small the claim was...

Now I'm back to a regular recreational boat policy and deductible and I'm covered, deductible wise, on whatever I claim....

Rick
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Old 03-07-2002, 10:25 AM
  #40
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While attending the ABYC's, American Boat and Yacht Council, annual meeting at the Miami Boat Show, I had the pleasure of meeting several leading maratime surveyors, admiralty lawyers, and naval architechts. They all said the same thing about Sy Goldberg - that he was "the man" in the boating end of the insurance industry to deal with becasue he had the best loss-ratio in the business, and he knows his stuff. A better recommendation, you cannot get.


www.totaldollarinsurance.com
 
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