offshore boat insurance, what a rip! What do you guys do?
#33
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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.
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.
#34
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Originally posted by Advantage_Rob
That's all year round full coverage for me
That's all year round full coverage for me
Kirk
#37
Charter Member # 55
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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.
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.
#39
Rough Seas Lie Ahead
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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
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
#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
www.totaldollarinsurance.com
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Jayl13
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07-30-2002 08:24 AM