Go Back  Offshoreonly.com > General Discussion > General Boating Discussion
Insurance getting outta hand. >

Insurance getting outta hand.

Notices
General Boating Discussion

Insurance getting outta hand.

Thread Tools
 
Old 01-21-2023 | 12:33 PM
  #11  
Thread Starter
Registered
20 Year Member
 
Joined: Feb 2003
Posts: 6,193
Likes: 319
From: Lafayette,La
Default

Looks like Geico is boning me compared to those numbers. !
open87 is offline  
Reply
Old 01-21-2023 | 12:43 PM
  #12  
Registered
5 Year Member
 
Joined: Sep 2015
Posts: 22
Likes: 28
From: Snohomish, WA
Default

I'm not up on current insurance, but at first blush, it seems high, but that is one SWEET 30 year old boat, looks like new! Congratulations on such a nice survivor find!
HEMTT is offline  
Reply
Old 01-21-2023 | 01:25 PM
  #13  
VIP Member
20 Year Member
VIP Member
 
Joined: Nov 2005
Posts: 1,229
Likes: 775
From: Wichita, Kansas
Default

Open87 - you might check with Progressive when it comes time to renew. I'm only paying $350 per year for similar coverages...

__________________
Baja 252 Islander
bajaman is offline  
Reply
Old 01-21-2023 | 02:57 PM
  #14  
Registered
20 Year Member
 
Joined: Jun 2005
Posts: 11,904
Likes: 1,143
Default

Originally Posted by open87
I picked up a Cobalt 198 with a 350/ 2barrel duo/prop 2 years ago. Super clean to have a tag and go by myself. . Agreed hull value 10k, 3k on trailer ,1k personal ,100k /each person liability, 100k fuel/spill etc and 3k tow. Was $421 , then last year went up to $468 and just got renew and now $560. Thats almost 35% in 2 years.


I know to many on here those numbers are missing a few zero's .

I am tired of getting nailed in the azz with insurance. Between auto, home life, boat it is getting ridiculous!!!!!

Health insurance....what health insurance. What's that??? .... Sarc/

Rant of
421/560 = .75178 minus 1 = 24.8%
not sure where 35% came in
Jupiter Sunsation is offline  
Reply
Old 01-21-2023 | 03:27 PM
  #15  
Thread Starter
Registered
20 Year Member
 
Joined: Feb 2003
Posts: 6,193
Likes: 319
From: Lafayette,La
Default

Originally Posted by Jupiter Sunsation
421/560 = .75178 minus 1 = 24.8%
not sure where 35% came in
$421x 35%=147.35
$421+147.35 = $568.35

There is a $9 difference so yeah 33%

NOT 35% my bad.

Never claimed to be a Mathematician at MIT.

open87 is offline  
Reply
Old 01-21-2023 | 03:38 PM
  #16  
Thread Starter
Registered
20 Year Member
 
Joined: Feb 2003
Posts: 6,193
Likes: 319
From: Lafayette,La
Default

Originally Posted by HEMTT
I'm not up on current insurance, but at first blush, it seems high, but that is one SWEET 30 year old boat, looks like new! Congratulations on such a nice survivor find!
That's the only reason I bought it.

Did put new flooring overlay , gauges, stainless top, new set of props and small stereo set up .
open87 is offline  
Reply
Old 01-21-2023 | 03:46 PM
  #17  
Griff's Avatar
Charter Member # 55
25 Year Member
Charter Member
Super Moderators
 
Joined: Oct 2000
Posts: 20,281
Likes: 2,518
From: Omaha/LOTO
Default

Originally Posted by Jupiter Sunsation
421/560 = .75178 minus 1 = 24.8%
not sure where 35% came in
$421 to $560 is a 33% increase
$560 to $421 is a 24.8% decrease
Griff is offline  
Reply
Old 01-21-2023 | 11:31 PM
  #18  
jeff32's Avatar
Registered
20 Year Member
 
Joined: Jun 2004
Posts: 8,232
Likes: 582
From: St-Hyacinthe, quebec, canada
Default

In 8 years my insurance doubled on the same boat and i got no claim in... 25 years! From 900 to 1800 last year for 55k coverage snd 2M liability...so doubled on a small 55k vs real value and 5 k deductible
does not make any sense to me...
jeff32 is offline  
Reply
Old 01-22-2023 | 07:32 AM
  #19  
Thread Starter
Registered
20 Year Member
 
Joined: Feb 2003
Posts: 6,193
Likes: 319
From: Lafayette,La
Default

Dam man . That sucks .


like my home .

its way underinsured now with average price $200 a sq ft in area today and if it burned to the ground today I’d only be able to re build half because it’s real value is no where near 200 , more like 95 and that’s what it’s insured for .
Was quoted like 8k to bring up to that 200 mark plus stupid high deductible.

Yes I am South of 1-10 ( which all insurance says high risk) but at what point do you say F it .?

Interesting times we are in .









open87 is offline  
Reply
Old 01-22-2023 | 07:59 AM
  #20  
seafordguy's Avatar
Gold Member
15 Year Member
Gold Member
 
Joined: Jun 2006
Posts: 5,125
Likes: 968
From: Seaford, VA
Default

Originally Posted by open87


Interesting times we are in .
Everything is just ridiculous right now. I really feel for people and don't know how they are getting by.

Bought a 10-pack of female connectors for my boat speaker project. 16gauge, very small connectors at Advance yesterday - $8 Bucks!!! Stopped at chipotle last week and got a steak bowl (no chips and just a complimentary water) $17 dollars!! Put $217 in the truck yesterday and felt like I was getting away with a good deal. It's really crazy.... I'll be interested, now that you've brought it up, to see what my renewal is this year
seafordguy is offline  
Reply


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.