I was only paying about $450 a year for my 28 Pantera with a 525SC though State Farm. That is the boat I had the drive claim on. My rate never changed over the 5 years I had it.

Beak, I just had this conversation with my neighbor this weekend who is a retired SF agent. He said that SF explicitly does not insure "high performance boats" and mentiond just the scenario you listed above. I still plan to look into it but everything will have to be on the up-and-up for me to move in that direction. I don't like the premiums I'm forced to pay but knowing there won't be an issue when/if I need to file a claim sure makes me sleep easier at night.

State farm insured my 27 fountain and 28 pantera. I called them a few weeks ago about a 29 Fountain and they said no.

I got a laugh out of that, my agent is getting lazy, has his secretary do all the work now. I think it's about time to change, 2 houses, 3 cars, liability, life all with them, wonder if I'll get a call when it's all moved.

I'm thinking your phone will definitely be ringing!:D

Same thing happened to me they insure my Cig but hwen it hit underwritting they cancelled it then cancelled my umbrella due to not having all of my insurance with them.

They lost my buisness insurance, home insurance, 3 cars, 2 bikes and umbrella policy but I had no choice .

Thats reasonable for a SINGLE ENGINE. The sunsation in the post I quoted has two 7.4's. There is a huge difference in premium between a single and twin.

MY 32 AT is insured by State Farm. 25k more in value with twin 502mpi's. About $830 a year.

Vonbongo, you need a better agent. Either that or Fountain is automatically on the Block list just like Cig.

SF used to carry the policy on my old 38 scarab. The only reason they dropped it was because I had 4 speeding tickets at the time. Funny how they didn't drop my auto though?????

Never could figure that out.

That sounds like our old agent that told me he couldn't do the sonic. My new agent (it has actually been almost two years now) is very aware of what I have and it was no problem.

I was totally honest with hime with respect to power etc. He actually came to our home and took photos of the exterior, interior and under the hatch while the boat was on the trailer. He then even emailed the pics to me so I was aware of what he had in the file.

Someday when I can get a 41' I am sure I will have to get my insurance somewhere else.

I took your comments seriously and decided to check my policy:

1. The title is a Boatowners policy...not an automobile policy.

2. The boat length (39) and each engine model, serial number and horsepower (700) is clearly identified on the declarations page.

3. Wreck Removal. We will pay the reasonable expenses you incur for any attempted or actual raising, removal, or destruction of the wreck of your watercraft if.

a. The damage is caused by the loss insured; and
b. removal or destruction of the wreck is required by law or governmental authority.

This expense is included in the Coverage A limit. When the amount payable for damage to your watercraft plus the cost of removal or destruction of the wreck exceed the Coverage A limit, an additional 5% of the Coverage A limit is available for wreck removal expense.

The value is stated on the declarations page which is equivalent ot eh new cost of the boat.

I also have a $5mm umbrella policy over all my SF policies.