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Insurance on restored old scarab

Old 12-21-2021, 10:30 AM
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Default Insurance on restored old scarab

Hi Guys, I've got kind of a special situation here. I'm about 80% done with an older scarab 6-year restoration flat deck miami vice tribute boat and looking to insure it. I know it doesn't make financial sense but it was an itch I had to scratch. I have more than this in it (I know lol) but I've gotten a price from haggerty for all lakes and waterways in the southeast, declared value policy of 100k for a premium of $1474 a year which is less than I thought it would be. The boat will have about 700hp engines with surface drives, I told them about 83mph top speed. Does this sound like a reasonable price? Thanks for any input. Definitely not my area of expertise.
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Old 12-21-2021, 11:43 PM
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Saltwater?

hagarty told me my 30 was too big for their program

Last edited by sailtexas186548; 12-22-2021 at 08:07 AM.
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Old 12-22-2021, 12:51 AM
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Sounds pretty decent to me as long as the liability coverage is good. I did not know they covered boats at all.
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Old 12-22-2021, 12:56 PM
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1400$ for twin 700 hp?
great deal IMO !!
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Old 12-22-2021, 01:07 PM
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Good deal if it sticks. Sometimes it actually goes to the underwriters and then gets denied. That is a hell of a deal
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Old 12-22-2021, 06:07 PM
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Originally Posted by sailtexas186548 View Post
Saltwater?

hagarty told me my 30 was too big for their program
She's going back to add coastal areas and florida. So we will see if it goes up.
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Old 12-22-2021, 06:13 PM
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You might check with Chris @ Wagner Ins agency ( WIA ) at LOTO
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Old 12-23-2021, 08:15 AM
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as someone in the collision business, you will not find a better company to deal with in regards to claims than hagerty. keep in mind its not the cost but the product you get when its time for a claim.
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