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Geico Insurance - Why?

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Old 04-17-2015, 08:26 PM
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KeithAtlanta, I have always wondered the EXACT same thing! I've always been somewhat amuzed by their whole involvement in the marine insurance industry... They advertise with raceboats but don't insure anything over 65mph and then when they do insure something, it isn't actually insurance with GEICO. It's their in house agents brokering out the coverage to Seaworthy Insurance.... or similar. So odd to me....
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Old 04-17-2015, 08:56 PM
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Originally Posted by MichiMike
Advertising dollars equal not paying claims.
I wonder what Geico's annual advertising budget is? look into it, it will blow you away!
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Old 09-08-2015, 08:35 PM
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Originally Posted by WakezoneINS
KeithAtlanta, I have always wondered the EXACT same thing! I've always been somewhat amuzed by their whole involvement in the marine insurance industry... They advertise with raceboats but don't insure anything over 65mph and then when they do insure something, it isn't actually insurance with GEICO. It's their in house agents brokering out the coverage to Seaworthy Insurance.... or similar. So odd to me....
I had GEICO place my insurance with Foremost at some point. How is that possible??? Aren't they competitors?
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Old 09-28-2015, 06:55 PM
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I just switched my three boats from progressive to geico. Exact same coverages went from $1400 a year to $799 a year. And no, I didn't skimp on the liability limits.
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Old 09-28-2015, 10:04 PM
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Originally Posted by thirdchildhood
I avoid direct insurance companies like Geico and Progressive. Who do you think pays for all that advertising? My insurance agent does a great job searching out the best insurance deals for me and the rates are way better.
that was my final assesment, after looking into it further I went elsewhere and got a better policy.

Originally Posted by 87MagnumII
I just switched my three boats from progressive to geico. Exact same coverages went from $1400 a year to $799 a year. And no, I didn't skimp on the liability limits.

I got the exact opposite of that. I had everything with Geico, home and vehicles (not boat though) faithfully for the last ten years. After it continually going up and up without ever having a single claim in my life I shopped around and got a better policy for nearly half of what I was paying plus I was able to move my biz and boat insurance into the same ins company as well.
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Old 09-28-2015, 10:36 PM
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I went through Geico and they put me with Seaworthy, my premium was half of what everyone else was charging and I got the full deal meal. I used them one time for a tow bill and they where very fast in paying it. I also called them to let them know that I hit something in the channel and was operating on one drive, they followed up with me and were very nice and helpful (turned out I spun a hub). To this day I would recommend them. FYI my premium went down almost 400,00 from last year.
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Old 09-29-2015, 06:43 AM
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Always shop insurance, companies don't reward you for being loyal and other companies are always giving discounts to get new business. This applies to home, boat, car etc.

I'm with Allstate for full loss coverage, wind damage (storm), trailer, towing (water), etc. in S. Fla. for $645/yr. no one else could touch that price including Wakezone $1,600. I'm sure they're great for much wilder boats but not on the milder craft.

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Old 09-29-2015, 07:51 AM
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I think that you should get something in writing from Allstate underwriting,not from the agent letting you know that they are aware that this boat is a high performance boat capable of speeds of 65 mph. I ran into this many times when somebody mixed up BAJA with BAHA.. I would not want to have a claim denied because someone made a mistake or misrepresented your boat.
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Old 09-30-2015, 07:00 AM
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Originally Posted by dereknkathy
didn't miss geico burn to the waterline? i wonder which insurance company paid geico for that claim...
Race boats aren't insured once they are out on the water......Geico is also a sponsor but they don't actually own the boat.
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Old 10-01-2015, 03:33 PM
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Geico would not insure my Cigarette, I went with Foremost at 1400.00 a year I would like to shop it better next season seems high.
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