Allstate
 

Has anyone ever had any problems using Allstate for their boat insurance? I currently have them, have had them for years for everything I've owned, and have just purchased a 07 Sunsation 32 MCOB. They have quoted me a pretty good rate. Just Curious

I have Allstate for everything including the boat. Never had a problem with them.

My local agent quoted me a rate half of what Progressive was my current insurance company....I'm switching everything over to them in 2 weeks. I wanted to review whether or not they have claim issues when you really need them. I haven't found anything negative about them other than the Katrina Flood issues and while I feel for the people that live/lived there they where living on a flood plain without flood insurance.

allstate
 

I got my home, flood and car's with them. They would not cover a fountain.They did however cover my 39 chriscraft sportfisher. JOHN

My father has always had his fish boats insured with allstate & never had a problem with them.. He has only had a couple claims & they have treated him fair , even doing his own work...

However similar to what fenderjack said they would not insure his 65 mph 272 formula.... But they will insure a 21 year old who goes out & buys a 90 mph bass boat as his first boat... or even better yet the jetski the same dude buys & lets all his buddies ride it who can hardly swim let alone actually have a clue as to how to handle any type of water craft & us experienced offshore boat guys who were practically born in a boat & quite possibly conceived in one.... lol.... We are the bad guys because we make noise....

Sorry for the rant !!

Have nothing good to say about All State, Used them since 1994 (Boat Ins) and Never had a claim! Made 1 claim and they not only denied it they dropped me, Have many customers that had the same thing happen to them, I would not recommend them to no one.

They won't write a 90mph bass boat if they know that is what it is. Underwriting guidelines are limited at 65mph according to my agent.

Thye won't write anything I have that is boat related. Something about a lot of speeding tickets and wrecks. Oh well, there are a lot of companies who will.

No probs with Allstate in WI. Been there 24yrs. and most everything is there. Have paid for any claim issued including totaled sleds.

What was their reasoning for denying and dropping you?

There is usually a reason. The cost of actually paying a claim is so small in relation to the generated policy revenue, that the big companies can't afford to have the bad relations that come with an unsubstantiated denial.

It usually has to be there in plain english on top of black and white.

Just last year Allstate quoted me a great rate for a boat I was about to purchase. Asked the agent if he was sure he could write it and was up front about the power and speed. They bound the policy and I bought the boat only to get a call two weeks later that underwriting was canceling the policy. I had one month to get insurance through Markel. That also included the necessity to take Tres Martin's Ultra Performance Course (worth it). I was prepared for the possibility that would occur with Allstate and rolled with it pretty easily. If buying the boat would have hinged on the insurance it would have been very upsetting.

He probably forgot to actually look at the underwriting requirements before he quoted it.

I have found that they will write "liability only policies" on HP boats. My neighbor has one on his 100mph cat, and I have been quoted for the Magnum for a very reasonable rate.

No hull value though.

I have had Allstate for my car and home insurance for over 20 years - never had a problem. Got $14k from them last summer for hail damage to the house (first home claim ever) and just insured my (new to me) 87 formula 242 LS w/ 454. 15k purchase price - $500 deductable, same liability as my auto insurance. $199 a year.

And here I thought I needed to take the Power Squadron safe boating class to get a little lower rate. He didn't even ask about it. Guess I'll still take the test :D

All State sells an Actual Cash Value policy (depreciation taken into account) so make sure that you request the Agreed Value endorsement for the policy. It will save you any back and forth crap in the event of a claim. Also, see if they will add extended partial loss coverage (replacement cost for partial losses). Just a couple pointers to help you get a good policy.

I've been with allstate over 20 years, car, boat, snowmobile, home and life. Only claims I've had were on my 1987 26' Chris Craft Stinger, my alpha drive blew apart, they pro-rated it by age so I didn't get much for it. I talked to my agent and added replacement cost option. A few years later my motor siezed due to overheating (picked up a plastic bag) they payed for the motor to be replaced and I was very happy with the settlement. I'm very happy with my agent and have no plans to change ins. companys.

Thanks, Stacey. I understand and that is very good advice.

Allstate tough period- they fight like hell (if they insure you and you make a mistake & they defend you-o.k.). If someone (you/your victim) is trying to collect from them, they are about the toughest out there. I have been involved in insurance litigation for the last few decades (and my dad is a judge & I'm not speaking for him-but anyone involved in insurance litigation will tell you they are about the worst to collect from). To verify what I am saying just call any personal injury law firm in your local area and speak to one of the attorneys.

FYI, Allstate also owns a regional bank....Their condition report looks acceptable,to me!

Their CD rates seem very competitive....It may be prudent to consider selling them a Jumbo or Super Jumbo CD, just more of the package.

Thanks to that, I was able to get your business. :D

Yep. Not sure how they handle their marine insurance but I had a guy run a red light and hit me in my Saleen 6 years ago and Allstate did everything they could to not repair the car properly. Forced the use of remanufactured parts and was generally a PITA. The car was never repaired properly. I would never insure through them after that experience.