Top Gun insurance in fla.....OUCH!
 

I am upgrading my current boat situation and started shopping insurance..

I paid $1800 last yr. in Ga.(inland waters)

I got quotes for a newer GUN in Fl and I almost Sh#t a brick. I know Fl. is gonna be higher but;

$3800 a yr. from Alliance(not great)

$17,766 a yr. (THATS RIGHT $17,766) from progressive and only up to 500efi.

WTF???

I just wondered who you all used and who to talk to?

Thanks,Greg

Cash- that is basically their way of saying they don't insure those type of vessels! :D

i pay $3,200.00/yr for a 2000 Top Gun w/ 600HP (or so :D ).

contact Bob Lluellen @ Worldwide Marine Underwriters 1-800-339-1235. he's a class act.

chad

ahhh , welcome to year round boating:D :D

Thanks JBK! I give him a call.

Talk to cy yet?

i used Bob Lluellen also. he had the best rates.

im quickly reaching a point where its not worth it to me to pay these rediculous rates anymore.

1300./yr for 75 mph boat :mad:

Re: Top Gun insurance in fla.....OUCH!
 

Try to get insurance on a cat today. Just be happy it is a v bottom

Just got my ins. on a 39MTI right around $15,000 a year
in south Fla.

Maybe I should just keep my boat registered back in Pa. and hope I dont get caught.

That is INSANE....they will fight like hell not to cover chit if it happens too. When I see insurance rates like that it helps alleviate my urge for a cat QUICK

www.nmu.com

saved $1k over last policy

I was real close to making a deal on a cat but thought I should check the insurance rates before I did. The best I could do was $4600 a year with a 6 month layup.

It was the same size and power as my Sonic but more than $3600 a year more? I couldn't justify it.

By By Kitty:(

i can't belive people pay this amount of scratch for insurance, i'm totally blown away by what i am reading. 15 g's a yr. that's like a 1200 $ house note:eek: :crazy: :crazy: :crazy: :drool:

bob would be the man to talk to.

WOW Thats friggin crazy

definately speak with sy goldberg @ Total Dollar, he's a straight shooter...and he handles the whole east coast

I've been doing business with Sy since 1992 and could not be happier with him as my boat ins agent.

Give him a call, 845-356-7251

Just make sure you call him before 6pm, his brain shuts down after that...

Just got my quote from Sy, 5700 2004 cig topgun 525 power. No Layup and not operational boundries. Still I have to say OUCH!!!!

Call Buzz Fhyrie in S. Florida
www.pmafastins.com

Get a quote fast -

payments on a financed insurance premium are higher than many boat loan payments:confused: :confused: :confused:

Some of these guys are probably paying close to $10,000/mo for their pads :eek: .... not me :(

Old total dollar sy just cover my 2004 gladiator w/ 800 zuls motors $7,800.00 No Layup and not operational boundaries
Boat insurance is getting out of hand now

boat insurance premiums
 

Many of you are forgetting a basic fact,insurance companies are a business and not an ATM.I know of 5 insurance companies that have left the business in the last 2 years including the carrier that is paying the claim for the Skater accident(ED MOSSMILLER) in the Chesapeake ,a 2,000,000 claim.It is only common sense that if any business has more expenses than income they will soon be out of business or have to increase prices.I think we all have to work together to get claims down.I am fortunate to be a direct agent for the ACE AMERICAN INSURANCE COMPANY and one their requirements in our program is that outdrive,propeller,and trailer locks be installed or theft deductible doubles(STERNLOCK AN OSO SPONSOR) has the best and most effective locks available.I also think that the selling dealers should share some of the blame,many of them only worry about closing the deal and do not provide much training in the operation of boats with stepped hulls to either novice boaters or to prior owners of non stepped vee hulls.I could also go on about alcohol ,operating at night at high speeds,and boat owners thinking with a body part other than their brain but I have to get back to work.

Probably did pay 10k/mo...now they are paid for.:eek:

Time to start OSO insurance company non profit
there is certainly enough smart people with the legal know how to do this here.

Insurance
 

My insurance costs:

Top Gun Twin 600's $1900.00 Seasonal

39 ft Cat Twin 1,000's $5000.00 Seasonal

Piper Turbo Arrow 4 $1,750 Year around

Ferrari $ 350.00 Year around

Pad Priceless, best value

Re: Insurance
 

Have you ever tried taking all those toys to one place for a package deal? That may already be your packege deal but with that much insurance....damn it's sure worth a shot. The moral of your story is...you can have a fleet full of Ferrari's and it won't come close to the insurance on 1 boat:D Damn nice toy box though:D :D

Cash Bar,
I worked with Sy and Bob and both gave me their best $$ on insurance on a 2002 353 Fastech that we were looking 2 buy earlier this year. I just couldn't justify the ins. $$ to move up to the 353, soooo, we just kept our 280 Velocity and bought a rental waterfront house!:) It was a much better investment. Plus at the present $$ for gas, I'm glad I have only 1 HP500 to feed instead of 2!!
I will say that Sy and Bob did give me their best deals on ins.
Good luck in finding REASONABLE Hi-Perf. boating INSURANCE in FL.

Dean

Discount for volume?
 

Tried that and it does not work.
Actually have the Ferrari plated and Insured in Florida. When the boats are insured in Florida they are double the cost because of year around usage.
One company has both boats and the plane. No discounts for volume.

Thanks for all the replies. Moving forward slowly.

Greg

Just got off the phone with Sy on my 2000 Tiger

$3100.00 You guys had me a little nervous that I wouldnt be able to afford the insurance on this new ride

I braced myself for the worst so that ## didnt hurt a bit

Thanx SY !!!!!!!!!!!!!!!!!!!!!!

Low cost of insurance today!!
 

I agree with Sy, you guys are only thinking of the cost to yourselves not what's going on out there in the real world and what the insurance companies are paying out on all the marine insurance total theft, partial theft, hitting submerged objects and major crash claims with injuries.

I've been writing HP boats for 15 years since 1988! Back then the rates were typically in the 3.00 to 4.00 range and it was only available from Lloyds Underwriters. In the past 10 years as more and more insurance companies got into the HP boat ins fray the competition for market share drove the prices down to the 1.00 to 2.00 range and at the same time faster and faster v-hull boats and cats were coming into the market place. Most of those new insurance companies didn't have a clue what they were insuring or what rates were appropriate. They got burned by the numerious claims. lost money and then they got out. Now there are only two real Underwriters for HP insurance and I have access to both of them. Getting insuraance for the 120+ MPH speed boats is a diminishing prospect. Some combinations are possible but not all. Call me if I can help on your HP Insurance.

PS: I have an idea, who would be willing to pay to attend a 2-3 day HP Offshore Boating School, put on by World Championship offshore racers, if it would make a difference in getting your fast boat insurance and maybe, just maybe even a discount? Who knows, you might even learn a trick or two.
BUZZ
www.pmafastins.com

D@mn! Expresscat39 I want your job. You've got all the toys I want/crave...:(

I've got a couple of hours logged in the Piper Arrow Turbo...;)

Re: Low cost of insurance today!!
 

Buzz/Sy - aren't most boating accidents related to alcohol? I don't think a school will help this. I doubt if a majority of boating accidents are related to not knowing how to drive a boat.

Buzz, to answer your question, I'd be willing to attend a class. Heck, that would be a dream come true, just like they have the Nascar driving classes.

Here's another idea. I sell computer systems. We will not even install the system until the customer sends people to the appropriate training classes. How about if manufacturer's included a powerboat training class in the price of a boat? If you can't afford to attend the class, you shouldn't be buying the boat.

Re: Re: Low cost of insurance today!!
 

Just received my new regisration for WI. In our state, 30% of all wrecks involve alcohol. I thought it would be more. Wonder what the rest of USA is? :rolleyes:

Step bottom V hull - the next target with the insurance companies-------

INSURANCE !
 

I just got the news,2 new programs coming and some new staff members.I will advise as things progress.

Just got my ins bill from progressive, it went up $130. I guess with the type of $ you guys are spending this is no big deal, but it still sucks. By the way, that is on a 97 Checkmate 242 Convincor with a 502 carb.

Buzz-
I'd be willing to attend such a school too. It's a great idea and would be even better if you could get the inexperienced boat owners to attend!

OT-I like the photo of my ex Chris Cat on your web site. (It now belongs to a guy in the Mid West)

John