Before getting insurance I spoke to Progressive,they told Me they dont do boat's faster then 75 m.p.h. ,how are You guys pulling that off?

Thats easy!! Mine has only topped out at 65

Wow! That is some BS!

I do belive I would have filed suit over that.

YEs it is... here is the actual policy language with respects to the endorsement:

INSURING AGREEMENT - DISAPPEARING DEDUCTIBLES
If Disappearing Deductibles is shown on the declarations page, then the following is added to the Limits of Liability provision under this Part IV:
If, during any policy period, you do not have a loss under Collision Coverage nor Comprehensive Coverage for which we have paid any amount, then:
1. any deductible for Collision Coverage and Comprehensive Coverage for a watercraft for which the declarations page shows Disappearing Deductibles shall be reduced for the following policy period by 25 percent; and
2. no deductible for Collision Coverage and Comprehensive Coverage for a watercraft for which the declarations page shows Disappearing Deductibles will apply for the fifth policy period and thereafter if you do not have any losses during the previous four consecutive policy periods.

If you have a loss at any time for which we make a payment under Collision Coverage or Comprehensive Coverage, then the most recent elected deductibles for Collision Coverage and Comprehensive Coverage will be restored for the subsequent policy period for each watercraft for which Disappearing Deductibles is shown on the declarations page. Thereafter, the deductibles for each watercraft for which Disappearing Deductibles is shown on the declarations page may again be reduced if the conditions set forth above are satisfied.

Reductions and increases in the deductible under this provision shall apply to all watercraft for which Disappearing Deductibles is shown on the declarations page.

The provisions in this policy regarding Disappearing Deductibles will reduce or eliminate the deductible for loss to a covered watercraft only if the declarations page shows Disappearing Deductibles for that covered watercraft. The provisions in this policy regarding Disappearing Deductibles will not reduce or eliminate the deductible for loss to trailers or marine electronics.

Might mention that my agent is Bob with Worldwide Marine!

Just hope you never have to use your Progressive insurance. They find a reason to not pay for most everything. What they do pay to fix is always used and aftermarket parts and a betterment fee is figured on anything that wears like interiors,tires,mechanical parts, ect. I deal with progressive everyday at my shop. Jeff Wurl

your best policy to get a agreed value policy.. then if something happens you know you will be covered for everything with no bs. Dont not trust progressive "you been warned!"

from Stacy of course!

+1

I had a nightmare of a claim with Progressive. They will never insure anything of mine again. Claim totally not my fault as my boat was rear-ended in tow and the driver ticketed. Progressive will never insure anything of mine again. I hope you never have a claim and that you are just keeping the bank satisfied.