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-   -   Can this be right? (https://www.offshoreonly.com/forums/insurance-finance/154607-can-right.html)

carrboy 03-27-2007 06:48 PM

Can this be right?
 
I just sold my 31 Sonic to a guy in Baton Rouge and he's going to pay $2,500 a year for insurance!why so much?The boat does have 525's
but does it matter that much?

roadking1997 03-27-2007 07:54 PM

All I can say is call as many companies as possible. I recieved quotes from $650 all the way to $2800 for the same insurance for my Fountain. It pays to spend some time on the phone or computer.

cosmic12 03-27-2007 10:22 PM

I was paying that for one 525. Thats why I will never have another. Glad to hear you finally moved it.

Loan Ranger 03-28-2007 08:01 AM

I have a 2005 31SS with 500EFI's and I am paying $4200/yr in FL.

jmeng 03-28-2007 08:29 AM

The gulf coast is tough for insurance right now. I was ready to pull the trigger on a 32 Fountain but couldn't find insurance for less than $3300. Who'd you sell the boat to?

carrboy 03-28-2007 10:07 AM

That's a lot of money!!!U are almost better off just carrying liability... u have to have a total loss to make it justifiable...u can have a lot of damage fixed before u come close to paying for the coverage...we get it here under our homeowner policies for less than a grand a year...we make up for it in high taxes though...I sold it to Jessie from assured floors...he got a great deal

jmeng 03-28-2007 11:51 AM

Tried that. Since State Farm won't cover the boat, an umbrella policy through them won't cover anything to do with the boat. Wasn't gonna go with no insurance but I did get one reasonable quote but they would only go up to 100K on liability. I just can't bring myself to take that risk.

jmeng 03-28-2007 11:53 AM

Found pictures of your old Sonic in another thread, I'll keep an eye out for it down here.

Outkast Rafe 03-28-2007 12:33 PM

Mike
found a better deal 1850/ yr with Elton Porter i just paid for it.
Get that boat down here i have tons of plans for it. first im talking that 8 track player out and pumping mega sound into it

Rafe

Outkast Rafe 03-29-2007 01:01 PM

hey mike im back to $2300 the $1850 was jessie only as a driver and because im only 23 it jumped up to $2300


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