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Old 03-10-2004, 02:16 PM
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Default Boat insurance

Hi,

I'm looking to buy a Formula 242LS. Boat has a single 454 magnum.

Contacted Boat/US for insurance and they want close to $1000. Is that high? I mean the boat only goes 60mph. My last boat was a 18' Sea Ray with a 140hp motor. Top speed was 45mph and my insurance was $86/year!

I called my auto/home broker Allstate and he's going to work on a quote once I get a hull number. I also requested a quote online through "United Marine Underwriters" I think I found them through boattraderonline.

Chuck
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Old 03-10-2004, 02:21 PM
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Quote:
Originally posted by Downtown42
I don't know where you live but that is high for sure. Mine is 620/yr...35' 502's...with Allstate.

620.00 a year mine, is 2600.00 42/triple/540's

I need to switch to Allstate
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Old 03-10-2004, 02:22 PM
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What's your location? It has a lot to do with it.
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Old 03-10-2004, 02:59 PM
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Quote:
Originally posted by Baja Daze
What's your location? It has a lot to do with it.
Oh, I'm in Annapolis, MD and would use the boat on the Chesapeake Bay.
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Old 03-10-2004, 03:08 PM
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Try progressive... very competitive.
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Old 03-10-2004, 03:46 PM
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Quote:
Originally posted by chuck21401
Oh, I'm in Annapolis, MD and would use the boat on the Chesapeake Bay.
Thanks, you're rates shouldn't be that high then, with a winter layup and a shorter season. Check out Worldwide Marine, 1-800-339-1235, ask for Bob Luellen...he just got me an awesome rate which was about half of what Boat-U.S. wanted.
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Old 03-10-2004, 04:37 PM
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Cheap ins in some parts of the country is a mis-statement from what I have been told
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Old 03-10-2004, 06:11 PM
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Where besides Allstate is a good place to shop for insurance? Do you have everything else with them? I've had two quotes for a 38' Tempest, both about $1800.00 and one even put Kansas waters only. Hellooooooo. I live here but will be going to other places!!!
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Old 03-10-2004, 06:12 PM
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I've been told I can get insurance but only for rivers stay out of the oceans?
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Old 03-10-2004, 06:41 PM
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Quote:
Originally posted by CAP071
I've been told I can get insurance but only for rivers stay out of the oceans?
I had that with Boat U.S. Had to call them if I was headed to the shore. $20 additional got me up to two weeks at the shore. If I went for the day...still$20. If they saw the chit that floats in the Delaware river , they should give ME a rebate to hit the shore.
Right Capo??
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