Allstate, Progressive, State Farm
 

How many of you live in the Southeast & have a go fast boat insured w/ one of the above companies? I've read thru many of the other threads & can't seem to figure out whether there is any rhyme or reason as to why one go fast boater can get insurance & another not assuming each have the remainder of their insurance needs w/ the same company.

I personally have a 2006 Spectre 32 w/ Ilmors insured w/ State Farm as well as a home, vehicle, personal articles & umbrella policy in N.C.

It's almost as if the insurance companies are being discriminatory against us.

Your thoughts?

State farm here took a long time to write the ins. It's like they hope you'll give up and call someone else. I have travlers here and were much easier to deal with. State farm does include Fl though , trying to get that. Travlers it's a separate rider.

My dad has everything insured through State Farm and they have covered his last 3 performance boats. (27 Baja, 29 Baja, 35 Fountain). I also have everything I own (house, truck, ATV) insured through the same agent, graduated high school with his son, etc. When I started shopping for a boat a couple of months ago I would call everytime I was interested in something and get a quote. Got a reasonable quote for a 27 Fountain (even emailed the udnerwriter a picture), a decent quote for a Baja 29 Outlaw and then found out they wouldn't cover a 292 Formula or a 32 Fountain. Well I was aggrivated but not the end of the world. A couple of days ago I called and asked about insurance on a 33 Outlaw and started catching crap from the girl working at the office. Now she's saying they won't cover any Baja Outlaw. :mad: Basically telling me they won't cover any performance boat from 25 Baja on up. Called the agent and raised hell, that was two days ago and haven't heard anything back. Progressive's new policy is that they won't write boats over 30' but they will renew existing policies. All State won't cover anything over 26'. I'm going to start trying different State Farm agents in town, see if I can find one that will go to bat for me and get something covered.

Jmeng,

I hear you loud & clear. The problem I have is the fact that State Farm is inconsistent. Some agents / States insure Hi Perf & others don't. Is it experience in knowing the loop holes, state insurance laws etc, etc I can't seem to find a common element?

For the record I'm expecting to get the cancellation letter myself as I fought hard w/ them a year ago knowing they insured other Hi Perf boats. Time will tell.

Thats exactly what pisses me off. If there was a clear policy over what they would insure and what they won't I could live with it. But don't tell me one day you'll insure a 29 Baja then the next tell me you won't even insure a 25. On top of that I get online and see guys with 80 mph 38' boats covered by state farm. And now heres a guy with a cat thats covered :D Whole deal is a phuckin racket.

State Farm is cancelling me also. I'll take any tips from you guys on who to get some reasonable insurance from.

There should be some premium number between cheap and stupid that would alow them to offer coverage to this segment of the market.

should apply to women also:D

I have everything insured with statefarm except my scarab because they were taking to long to write the policy. I gave up and went with progressive and pay about 400 a year.

i had my 22 avanti, 29 scarab, 30 OB Spectre, and my current 353fastec all with ALLSTATE...funny thing is my fastec at 72 mph is 500 a year more then my spectre was...insured for same dollar amounts

State farm originally wrote my 82- 38' scarab. They write all of my cars too. The oly reason they don't have it now is from to many speeding tickets.

i think it all depends on how much money you spend with them. if your a working stiff with just house and auto they wont cover a performance boat. if your a business owner and pay a bunch for various policies they seam to find a way to cover hp boats :rolleyes: which is bullchit. should treat every one the same :mad:

I had a 21 Eliminator Daytona, 27,32,35 Fountain insured with State Farm. When friends that bought like boats asked where we were insured, I told them. They, in some cases went to the same broker, and were either refused or insured then cancelled after a short time. After a conversation with Sy Goldberg and a couple other people in the marine insurance ind. Allstate, State Farm, Progressive, do not knowingly insure High performance cats and V's. In some cases the local agent can get it through and it may take months and years until they review the policy, then you get that letter! Has anyone that has insurance with the insurance co's metioned above filed a serious loss claim? What was your outcome. Dont get me wrong, I dont like paying what I think are, outragous insurance rates, when the boat is layed up for 6 months a year in the garage, how much risk is that? Remember, when their is a loss, the first thing the Insurance co investigates is if anything on your policy was misrepresented, they would like nothing better than to void the policy for that and not pay out a claim. Not saying Insurance reps are bad...its a business. They are all happy when their is no claims. When they have to pay, it can turn ugly.

You should call Bob Luellen at World Wide Marine before you look at any of these other companys! This guy is the most informative and helpful you'll ever find!! They represent so many companys it's insane and if you want to know anything related to your policy or insurance just ask and he will break it down play by play for ya!! His phone number is 1-800-339-1235 just GIVE him a call!!

Try American National Property and Casulty out of Springfild MO. They will want your entire package. House, car ECT. I switched from SF after THEY cancelled my 43SC BlackThunder when I brought to their attention it did not have 2 250 HP engines as the agent had turned in. He lies and I get the shaft. NO MORE SF.

He's the only guy that find a carrier for my old boat, especially with my driving record. Very informative and helpful.