dougman

Have a mint 83 302 formula with 420's can't seam to get insurance what's up with that

WakezoneINS

Give me a call, I might have an option for you and if I can't do it, I will go ahead and refer you to another program. To me, that doesn't seem like a problem as far as the boat is concerned.

pitts1313

I got schooled on boat insurance recently while upgrading to a larger boat. Most of the companies won't insure for various reasons. They will ask you questions that determine if you are higher risk. One company had a 50mph limit, another had 1000 hp limit with 70 mph limit, another wouldn't insure anything over 29', another one would not insure for a predetermined value. You can find it. I wound up with progressive. Boat USA was also an option for me.

Wozencraft

Dougman, my agency most likely has an alternative to insuring your Formula w/ the 420's. Aren't those engines bored out to 420? What were they originally? I know around that time there were many 460 Ford's being put into boats.

Feel free to input your info. on my web site at: www.wozencraftinsurance.com or call me @ 888-477-6517. Myself, or any of staff will be happy to help you.

Thanks for the inquiry.

Devin Wozencraft

Wozencraft

I'm curious to know which carriers you are referring too. We write with many insurance carriers and the guidelines you are mentioning don't all sound familiar. It seems you were able to find coverage, yes?

Devin

pitts1313

Farmers had the 50 mph limit for boats over 30'. State farm had the limit on boats over 70mph. Progressive had no speed restriction as long as under 1000 hp. Geico would not insure due to "high performance".

I got in a pickle with my new purchase in a 900 mile transit uninsured. I have used same state farm agent for 20 years, 14 properties, life, auto, boats,atv's. Made payment for insurance only to get a call 3 days later while boat was in transit to here underwriting kicked it out. I had to find something quick and didn't know about companies that specialize in boat insurance.

WakezoneINS

These sound pretty standard, except the Farmers one... I know that Devin @ Wozencraft works a lot with Farmers so I'm sure he could shed some more light on that one for you but the other 3 are what I know to be true.... I thought Farmers/Foremost was capable of more.... I don't know your boat but maybe Devin could help you out with that one and maybe get you a better rate/quote with Farmers than you had to go with at the last minute in a pickle....


If that doesn't work, we have 3 carriers that we are appointed with in Mississippi that will write your boat insurance that specialize in performance boats. I don't know what kind of rate you got but I'd be happy to see if we can get you better AND less expensive coverage...