Geico insurance general question
 

Im not trying to stir up any bs but why in gods name does Geico Insurance pump so much money in to John Haggins race team etc and whole calvacade of boats and support boats and personnel and trucks and motorcycles and and and and when they dont insure performance boats over 25 feet?
Last time I called to get a price quote on my apache they flat out told me they dont insure performance boats over 25 feet, nothing over 365 HP and single engine.
So why in gods name do they have their names plastered all over what, 15 boats in the Hagin circus of boats, trucks, motorcycles and other stuff?

Sort of makes no sense to me.
Dont get me wrong, Im friends with Scotty and have met John 30 times at different events and is the nicest guy around and would give you the shirt off his back in a second but I just dont get the insurance company angle in all of this.
I love what he does for the sport but the sponsor needs to rethink what they are portraying out there with boats that can hit about 200 MPH but you cant get your boat insured from them if you have a single 500 HP 27 foot ride?
Come on, whats the sense in that?

basic logic tells me that they get more exposure and fans from the "AMF" team than any other team. I do not think they are advertising to those with turbine cats but the people lining the shores, gathering at shows, gawking on the road etc. Not to mention who knows what they give him in the form of money buy I would be willing to bet it is a minor fraction of what Haggin has invested in this team,, why would budweiser sponsor a boat when you can not drink and race?

They get a tremendous amount of exposure from all the other things the team does. Boat shows and charity events. They had a ton of exposure at the Kentucky Derby this year and people remember it. Look at what they got from the Discovery channel and build it bigger. The racing is just a fraction of the actual exposure

Money is not the issue I am trying to dig up here, thats between Johns company and Geico, thats none of my business in anyway at all.
Just ticks me off big time that I cant get insurnace on my apache with large v8s in it not turbines and all that for the most part race only stuff. Like I am not going to buy an old Rusty Wallace MGD race car and drive it to work and put insurance on it but budweiser hell you have a beer AFTER the race, nothing wrong with that.
But Geico is splashed down all their boats, the outerlimits the caveman commanche *(which is damn near the same boat as I have)* and others.
Just sort of mis-leading is all that they wont even consider insuring about 80% of the boats that people here on OSO own but they sponsor the biggest most wild race team in the USA with the best equipment and most HP money can buy.
its almost a sort of slap in the face, like "Nanner nanner nanner, Geico can be shoved in your face for a whole weekend of racing but you cant call them to cover your boat cause you have twin engines or more than 25 feet"
That alone will keep me from switching my car insurance to them, I would want my houses, cars, boat, Wave runner, 77 trans am all covered by one company personally to make life alot easier not have 5 different companies if I can help it
J

How much money is Geico pumping in? Do you know? I sure don't; nor do I have the need to know.

and we all know geico wont insure boats like their race boats, so i wonder who insures the geico race boats??? :bsflag: that sort of stuff ticks me off, why is it good for them, but not good for everyone else????

Thats EXACTLY the point of this post, Like you know that Geico wont insure our stuff so why do they have it splashed down the whole teams boats, truck everything but they wont insure anything we have.

Just sort of mis leading

I don't think that any insurance company insures boats for races?

Everything I have heard, some companies will insure them during transportation but not during the race or testing.

do they send the ARMY dragster into combat? Seems to me like the vast majority of people get it, and a few either are just trolling for the sake of being trolls or need to find a 3rd grader to explain it to them..

What is interesting here, from a sports marketing perspective, is that if Geico was smart, they would realize that racing in general, but especially boat racing, as closely knit as the guys are, would probably have EXTREMELY high brand loyalty...

I'd be willing to be that if the prices were competitive, and they offered a 5%-10% discount to the racers, and a nice promotion for the fans of the sport, that the investment that they make to Haggins team (I have heard anywhere from very, very high six to low seven figures) would come back to them dressed up like a nickel...

They'd pick-up almost ALL the race boats, almost ALL the poker run boats, and a gazillion pleasure boats...(as long as the rate was at least competitive...)

It makes no sense to me why they wouldn't capitalize in this. In fact, it's SO strange because this is one of the biggest activations a sponsor evaluates when deciding to sponsor any sort of motorsports team and/or series.

I don't get it...

re-insurance

LMAO !!! PIZZED My Pantz :lolhit::drink:
Tony S.Make them cry with the nitro meth behind enemy lines!!!:lolhit:

to be honest the ratio of performance to just plain pleasure boats is probably pretty low. I would guess one in several hundred at best. why would they want to shoulder the very much higher risk for such a low return when compared to the every day boater? I personally insure my cars through Geico and did so right right after they started racing. Just for the heck of it I called and got a better rate then what i was getting before so yea their presence at the races worked on me anyway lol . I dont feel slighted they wont insure my boats though, its not their market.

Omg what does the US Army dragster have to do with this conversation? That's the most abstract thing I have ever heard like my next door neighbors dog is laying in my lawn and they are filling a pothole on I95 in south carolina tonight at 645 PM at mile marker 231 ? That makes no sense and I am NOT prying into John Hagins financial affairs with the AMF team and their sponsorships so I would feel more comfortable not talking about his finances cause that's none of our buisness at all so delete that if you please. All I am trying to convey is that as a person that has a pleasure boat that happens to be 41 feet with twin V8's Geico refuses to touch on anything in that market but they sponsor some of the fastest biggest HP ever built is sort of an oxymoron or the definition of irony. They have their name down 2 turbine cats that can probably exceed 200 mph in the right conditions and try to stand out with neon green paint with 3 foot tall letters on the sides and deck of all the boats GEICO but they don't insure really any pleasure boat that has a halfway healthy V8 in it for personal use pleasure boating. I remember talking with RChevelle71 and Hagin was having a real rough time getting life insurance for ScottyB and some other guys because of what they were doing - racing boats
I'm sure that got resolved a long time ago but its very misleading to have geico on 10+ boats that if you have a pleasure version of these race boats they won't even talk to you about insuring them just makes no sense why they would agree to sponsor the AMF team at all because you can't get boat insurance from them unless you have a tiny little fishing boat with a 25 HP outboard on it that tops out around 22 mph big whoopteedo with that. I think if you are going to offer boat insurance then offer it to anyone that has a boat (pleasure boats not race boats) don't pick and choose what types and models and HP cause then you eliminate a lot of people that would pay you a monthly premium but they are limiting themselves drastically with their current specs
As it is now I can't get any insurance on the apache in FL because I'm in FL-hurricane alley. Lloyds of london was the only one that would insure me and with the premium being 14K per year and that in itself was total BS, the hurricane situation killed it so there was no reason to even consider buying the policy because if a named tropical storm or depression came off the coast of africa and it had to have a name then my insurance stopped immediately. So I asked okay if a named storm formed 9000 miles away in south africa and I hitched up my boat to tow it to PA to my other house and someone rearended me in washington DC for example then I have no coverage because there was a named storm in the atlantic basin so the policy was way too much and rather pointless in my opinion so she sits waiting to come to PA to run in inland waters 6 months a year I'm sure I can get insurance but not through Geicocause I have one of them there cigarette type boats
Ohhh nooo god in heaven forbid I am so evil for having an apache
Insurance companies need a major enema
J

Let me add this
Sponsorships is all about advertising and brand recognition. So you see budweiser plastered on a car or boat you think beer while you are watching a car race. You see DuPont on a race car and you think auto paints to paint your car with and probably the race car with DuPont written on it was probably painted with DuPont paints that you can get as a consumer and paint your car with. You see Hendrick motorsports on a NASCAR and you think oh I can get a hendrick race crate engine for my car, you see Mercury Racing on a P2 boat with twin 525's and think oh I can go get a new single or pair of 525's for my boat too!! You see Geico on a performance boat and think huh wonder what Geico would charge me to insure my boat. Survey says XXX nope sorry fella we don't insure performance boats only small run abouts. Performance boating is dangerous and we don't service anything in that market cause we don't want to carry any liability on performance boats heaven forbid that would be stupid on our part but you got the idea to call a Geigo rep for a quote on boat insurance cause you saw Scott and Mark the weekend before haulin a-s-s in the atlantic ocean breaking the freakin sound barrier and thought huh ill see if I can get a good policy and good rate.
Nope sorry only fishing boats
It is just not right on their (Geigo) part
Or they should put on the platinum princess "Ms Geico insurance" (even though this boat is insured through state farm just so you know!!!)
I think if Geico is not going to insure performance boats they should not sponsor performance boats

oh yea . . . i see now . . . . when i first saw Traffic Light on a boat i thought . . . . hey i gotta go to the strip club :D


dude . . . .some decaffeinated brands are just as tasty as the real thing :chill-pill::picard1::D

Dave are you first in line for the 5 O'Clock free crack giveaway??? What are you smokin cause I understood nothing of what you just wrote. What does traffic lights have to do with boobie bars?? We are talking insurance sponsorships here

Traffic Light is one of our sponsors on the race boat and is . . . confidentially . . . . a strip club. At any rate . . . now you know how we feel :D :D . . . . really . . . relax Jay. . . . deep breaths . . . . maintain your current insurance and know that both Jon and Warren know what they are doing.



just have'in some fun with ya (note appropriate smileys in posts) . . . no need to be call'in people crack heads . . . i gave it up days ago :drink:

Geico can sponsor whoever & whatever they want. And if they don't want to insure your boat, they can not do that too. It doesn't say Geico high performance & race boat insurance on it , does it? I insure my 3 trucks with Geico and am glad to see them sponsor that awesome Miss Geico race team. GO GEICO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hey for whats its worth one of my old insurance carriers owns one of the most exclusive/expensive golf courses in Ohio. Its private and i cant even go there. No thats somthin to bi-tch about . . . and they dont insure golf cars either wtf!! :rolleyes: :drink:

Geico is advertising more so for auto insurance on the race boat. The exposure the race boat gets in magazines, youtube and so forth is aimed towards the buyer of auto insurance.

You are correct, Geico will not insure the boats that we all like to have.

Dave lololol I totally get it no need for me to calm down I am calm and fine. That's really funny though. I gave it up days ago lmfao that was from Dave Chapelle show "is this the 5 o'clock free crack giveaway?" That skit was good when he plays the crack head lolol

Anyway I DON'T have insurance cause 14K per year was not worth it to me for really crappy coverage IMO!
I'm wautung to get her up here to PA to get insurance on her and the trailer without any surprises like this named storm horse crap.
Okay breathe in through the nose sniffffffffffff
Out through the mouth whewwwwwwwwwwwwwwww
Ahh that's better
Huh still the geico boats should read GEICO auto insurance to take out the guesswork with all this
Guess that's too obvoius though
Water boy bobby boucher with a water spoon durrrrrrrrrrrr
J

Wow a boobie bar as a sponsor dude that's awesome!!!
I don't think you could wish for any better sponsor than that
I would just feel as though I would have to take the boat to the bar for advertising and gee twist my arm have to stay there for 12 hours while the boat is on display gee what do you do while your there lol well guess I have to go inside and have a seat......at the bar......4 feet from the stage.......
Awesome arm twister there
Total honey pot

yes . . . we've been know to frequent the establishment . . . . its just good buisness thats all :drink:


now thats funny we both referenced something the other had no idea about and was insinuating the other was clueless. Never saw the Dave Chapelle show . . . . or the crackhead. :D

For what its worth, Progressive and nationwide have both had good premiums for me. May be worth a shot if you haven't tried them yet.

MR. HAGGIN could sponser florida with out any help

The GEICO boat is nothing more then a billboard. Although they won't insure you they currently do a lot for the sport.
ed

Wow,,,u know more then he does .:lolhit:

YEP.........100% correct.:coolcowboy:

sponsoring raceboats....so easy a caveman could do it....


and just think, this is the money you could save having your raceboat sponsored by Gieco

I could care less where they advertise but......For what its worth, I called gieco to get a quote for my boat. They gave me a number to Ski Safe insurance and told me that was who they contracted out to. Apparently Gieco doesnt do boat insurance themselves. FYI, Ski Safe told me my 22ft boat with a 330 horse BBC had too much horsepower and they would not insure me...... I was rather amused.

Jay..I dont know you or how old you are... but 1st your in florida, 2nd your boat is 18 years old, 3rd undoubtedly modified since it left the factory and 3rd probably ha decent sized motors.. with hurricanes , boat thefts and wipeouts on the mind of insurance companies..it's amazing that insurance is available from anyone at any price....

Gieco's advertising/marketing stratagie appearntly is working the way they want it to, or they would not be continuing it.

http://www.google.com/search?hl=en&r...racing&spell=1

Did a quick search on "insurance companies that sponsor racing "
Got some interesting results

ed

...you can't really be serious?

I'm glad to see both Gieco & Mr. Haggan pour the money they do into the sport we all love, However if they handle their boat claims anything like the way they handle their auto claims from the view I get then be Thankfull they won't insure us !!
:lolhit:

Jay does that mean you are back on the water?

Well it is sort of amusing because seems no one knows anything about my boat at all, who bought it new how it was setup new from the factory, what its name was, nothing. I am 36, have roughly 1000 Hp engines, (although until I dyno them that's unverified)
The one panel on the dash says "Wind Arrow" so I am guessing that's its origional name but again no one seems to know anything about my boat at all qand it NEVER comes up in any apache discussions ever. Like the bastard child of apache powerboats.
I wish I knew more about it but since no one knows anything about it ill never know
J

I am pretty sure that I was the end of that golden era when I KO'd The F2-69 Cig in St Pete in 2000