Boat Insurance (Progressive)
09-27-2013 | 02:57 PM
#31
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Joined: Feb 2010
Posts: 608
Likes: 1
From: Plano, Texas
I had no trouble with progressive Jim. They paid in full no questions asked on a big/expensive claim that I was scared was gonna be trouble for me. I have my insurance with Stacey now. She did get me literally twice the policy (agreed value, no layup) and my premium went up $13 a year.
09-27-2013 | 03:38 PM
#32
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Joined: Jan 2011
Posts: 1,168
Likes: 44
From: Canyon Lake/ Houston, TX
+1, but my premium went down $400,( former Progressive carrier), with my 20 year old son on the policy. Went up maybe $40 the first year, and stayed the same two years in a row so far,. No experience with claims with either company.
Last edited by 97FASTech; 09-27-2013 at 03:46 PM.
09-27-2013 | 04:06 PM
#33
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Joined: Jul 2011
Posts: 5,174
Likes: 302
From: Clearwater, FL
When I first brought the boat down here last October they sent a appraiser over to inspect the boat and he took tons of pics, which didn't bother me because my boat is flawless and that's why I want to make sure that after paying them $1,400 bucks a year that they won't jack me around.
Last years premium was $1,200 and it went up to $1,400 for this year, Sy told me because of Hurricane Sandy, I said WTF did that have to do with me, he said it does.
My 353 only has 502s in and on it's best day goes 70mph, so it's not like I'm a twenty year old kid out running all over the place.
I talked to Sy already !!!!!!!!!!!!!!!!!!!!
Last years premium was $1,200 and it went up to $1,400 for this year, Sy told me because of Hurricane Sandy, I said WTF did that have to do with me, he said it does.
My 353 only has 502s in and on it's best day goes 70mph, so it's not like I'm a twenty year old kid out running all over the place.
I talked to Sy already !!!!!!!!!!!!!!!!!!!!
Granted I am a first time powerboat owner but I wished my annual rate was $1400 lol. Mines not that far off though.
For an idea for the same policy progessive wanted $4100 a year.
09-28-2013 | 07:14 AM
#34
Charter Member #927
Joined: Jan 2001
Posts: 4,834
Likes: 2
From: IN
About four years ago I had a claim and Progressive treated me very well. It was about a $22k claim on a boat worth maybe $45k.
09-28-2013 | 09:59 AM
#37
Platinum Member
Joined: Apr 2005
Posts: 1,345
Likes: 211
From: St.Peters,Mo/5mm LOTO/LEOPA
I deal with insurance companies daily but on cars. Progressive and Gieco are the worst to deal with. AAA USAA and State Farm are great. I did have 2 friends at LOTO run there boats a ground one summer (i know how to you do that at LOTO ,its another story lol) any way both went to the same marina and had similar damage. One had State Farm and the other had Progressive. The boat with State Farm had everything fixed all new parts and no questions asked,the Progressive claim was half fixed aftermarket drive and had to pay betterment. It was consistent with what I see on the car end of claims. Good Luck.
09-28-2013 | 10:10 AM
#38
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Joined: Jan 2011
Posts: 1,168
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From: Canyon Lake/ Houston, TX
09-28-2013 | 12:22 PM
#39
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Joined: Sep 2006
Posts: 1,705
Likes: 874
From: Cedar Rapids Iowa, LOTO, Cape Coral Fl.
How much more percentage wise is Florida insurance as compared to LOTO? When you bring your boat back up here for 4 months will they reduce the rates for those months, or will you have to pay the higher rate all year?
09-28-2013 | 03:50 PM
#40
Thread Starter
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Joined: Mar 2009
Posts: 2,053
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From: Cape Coral, Fl/LOTO
Even though I'd like to save a buck, what I'm most worried about is thinking I have good insurance and it cost me $1,400 a year and then if I have a problem they try and screw me, I don't need that chit.
I think I'm going to call and talk to Stacey, thanks guys.
