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Boat Insurance (Progressive)

Old 09-30-2013, 12:13 AM
Join Date: Jan 2002
Location: Daytona Beach, Fl.
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YUP! THEY SUCK! I had a "stated value" policy for $38K on my twin 21 Liberator. I hit a log and they decided to total it. They sent there "specialist" up from Miami to look at it. This boat was just like new with twin 260 Merc outboards, custom paint and interior, and 4 years old. He told me that it was only worth 14K BEFORE the accident. I told him I could get as many apraisals as he wanted and they'd all be over $40K. I also told him I had a stated value policy and they had to pay $38K. He said "sorry, that's all we are paying" 3 months and a lawyer later, they coughed up the $38K and $4500 to my lawyer.

ALWAYS ASK FOR A STATED VALUE POLICY. That way, there's no BS on what you will get paid.

Last edited by WILDMAN; 09-30-2013 at 12:16 AM.
WILDMAN is offline  
Old 09-30-2013, 06:54 AM
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Join Date: Oct 2005
Location: Clarkston, Michigan
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Originally Posted by miclord
hi everyone ... !
I have great experinced with marine adjusters and am glad to tell this experience is very good . You should must get all the information abut them before any step . I have been with progressive frm many years and there is no any major problem .
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Old 09-30-2013, 09:40 AM
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Join Date: Jul 2008
Location: Delray Beach, FL
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Originally Posted by 314joey
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 !!!!!!!!!!!!!!!!!!!!

You have a great deal! I cant believe its under $2000! I have a similar size boat 342/600's and mine is $2552 year.

Does it make a difference if you are on the east or west coast of Florida?
Keith Atlanta is offline  

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