Notices

New Boat

Old 08-18-2008, 12:15 PM
  #1  
Registered
Thread Starter
 
Join Date: Jul 2008
Location: Joplin, MO
Posts: 13
Likes: 0
Received 0 Likes on 0 Posts
Default New Boat

I am considering the purchase of a used performance boat.
Looking at a 35 Nordic with twin 525s or
A 35 Fountain with twin 525s
Looking at a budget around $200,000.
Currently a Baja owner with no claims, had it one year, small children that are just now good swimmers, so out of boating for some time before that
What am I looking at for insurance costs?
My sales tax is 7.75%, does the coast guard thing go ok, I think I can register it with them for $2000-2500 vs tax of $15,500 (ouch)
Any suggestions on making a purchase like this painless?

Craig68
craig68 is offline  
Old 08-18-2008, 05:14 PM
  #2  
HP Marine Ins. Specialist
 
Join Date: Mar 2008
Location: Insuring any kind of boat
Posts: 985
Likes: 0
Received 0 Likes on 0 Posts
Default

Have your insurance rates/policy squared away and ready to go. Don't wait to the last minute to do it.

To give you an idea of rate range...

We just wrote a 2009 35' Nordic Flame with an agreed value of $225K twin Phaff 700's for $2890 a year. My guess is that if your experience/age/driving record checks out you will be in the lower end of the $2000's ($1900 - $2400)

That's best guess and subject to quote obviously. Hope this helps you out.
WakezoneINS is offline  
Old 08-18-2008, 08:14 PM
  #3  
Registered
Thread Starter
 
Join Date: Jul 2008
Location: Joplin, MO
Posts: 13
Likes: 0
Received 0 Likes on 0 Posts
Thanks, thats in my budget and less than I thought. I am 39 (40 in 3 weeks -ouch) and should not have any insurance issues beyond never owning a performance boat before.
That is good to know and will not be at all a reason not to move forward with the purchase.

Craig
craig68 is offline  
Old 08-18-2008, 09:15 PM
  #4  
HP Marine Ins. Specialist
 
Join Date: Mar 2008
Location: Insuring any kind of boat
Posts: 985
Likes: 0
Received 0 Likes on 0 Posts
Default

You should be ok. Only thing that may be of concern would be the jump from 24 to 35 ft boat. When you are ready, call me. I have a carrier that may look past that and it would be worth checking into further. Good luck and keep us posted on your purchase!
WakezoneINS is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
kswest
General Boating Discussion
44
04-16-2006 12:25 PM
BK
General Boating Discussion
0
03-11-2004 11:12 AM
Hauling Trash
General Boating Discussion
7
06-11-2002 09:06 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Quick Reply: New Boat


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.