Claim Question
#1
Registered
Thread Starter
Join Date: Jan 2007
Location: Higganum, CT
Posts: 342
Likes: 0
Received 0 Likes
on
0 Posts
Claim Question
Unfortunately I need to decide whether or not to make a claim. Engine block froze and needs to be replaced. First of all, is this covered? Does it matter who winterized the boat in order to be paid on a claim? How much would a claim affect my future rates? Any risk of being dropped or not covered? I have a perfect driving record, 6+ years boating experience, excellent credit, but just got the boat last year and only have 1 season of insurance coverage on record. Any insight is greatly appreciated. If I have to pay out of pocket, this boating season will not happen. Insurance might help things out.
#3
Registered
Platinum Member
Unfortunately I need to decide whether or not to make a claim. Engine block froze and needs to be replaced. First of all, is this covered? Does it matter who winterized the boat in order to be paid on a claim? How much would a claim affect my future rates? Any risk of being dropped or not covered? I have a perfect driving record, 6+ years boating experience, excellent credit, but just got the boat last year and only have 1 season of insurance coverage on record. Any insight is greatly appreciated. If I have to pay out of pocket, this boating season will not happen. Insurance might help things out.
Look under the section of your policy titled items covered, and then the subsection that names the PERILS that are covered against, ( Ex: theft, collision, vandalsim, maliscious mistchief etc.) and see if freezing or water damage is listed under coverages.
Bet to read the policy before making claims in case you don't have coverage and it is obvious. Once you make a claim, whether payment is made or not, it stays on your record as having made a claim.
Good luck.
#4
more than likely you are not covered...look at your policy...most will NOT cover that....especially if you winterized....if you had it done by a yard go back there....if they wont pay then contact your ins co and they may cover it and go after the yard....
more than likely you are screwed though.....
more than likely you are screwed though.....
#5
HP Marine Ins. Specialist
Join Date: Mar 2008
Location: Insuring any kind of boat
Posts: 985
Likes: 0
Received 0 Likes
on
0 Posts
Unfortunately I need to decide whether or not to make a claim. Engine block froze and needs to be replaced. First of all, is this covered? Does it matter who winterized the boat in order to be paid on a claim? How much would a claim affect my future rates? Any risk of being dropped or not covered? I have a perfect driving record, 6+ years boating experience, excellent credit, but just got the boat last year and only have 1 season of insurance coverage on record. Any insight is greatly appreciated. If I have to pay out of pocket, this boating season will not happen. Insurance might help things out.
Who is your carrier (for policy wording)?:
What is your approximation of the total dollar amount in damage?
What is the hull & machinery limit on your declarations page?
What is your deductible stated on your dec page?
Let me know these things and then I can better answer your question.
Thanks
#6
Registered
Join Date: Mar 2006
Location: Hendersonville, TN
Posts: 293
Likes: 0
Received 0 Likes
on
0 Posts
I am an insurance adjuster too. Unfortunately you are most likely SOL. It can vary by company but most view this as improper maintainence (just like not adding or running low on oil) and do not cover this. If there are circumstances other than just not winterized it could change. Was the boat stored inside a heated builing and a problem with the heat caused this. In that instance the building insurance may cover it but most likely you boat policy will not. You can turn in a claim and see what they say. That won't cost anything and won't have any effect on your rates if nothing is paid out.
Good Luck, hope I'm wrong!
Good Luck, hope I'm wrong!
#7
Registered
Thread Starter
Join Date: Jan 2007
Location: Higganum, CT
Posts: 342
Likes: 0
Received 0 Likes
on
0 Posts
I looked over my policy and there is nothing in the exclusions section about it, but this doesn't mean they will cover it. My agent didn't really know, just said it doesn't exclude it. Talked to a couple dealers around here and they all seem to think the same....probably not but might as well try. I submitted a claim today, I guess we'll see what happens. I have nothing to lose at this point, pretty much expecting to be disappointed. I'll let you know how/if it goes.
#8
Registered
Platinum Member
I looked over my policy and there is nothing in the exclusions section about it, but this doesn't mean they will cover it. My agent didn't really know, just said it doesn't exclude it. Talked to a couple dealers around here and they all seem to think the same....probably not but might as well try. I submitted a claim today, I guess we'll see what happens. I have nothing to lose at this point, pretty much expecting to be disappointed. I'll let you know how/if it goes.
Good luck though.
#9
Registered
Thread Starter
Join Date: Jan 2007
Location: Higganum, CT
Posts: 342
Likes: 0
Received 0 Likes
on
0 Posts
Need a gen V 330hp 454. They aren't really expensive and I'm sure I can find one around here, it's just the worst timing ever. I'll see whether the claim goes through and go from there. thanks.