28' Insurance costs?
 

Guys, who are you insuring with and at what price? I was just quoted $2100 on a 2001 28 with single HP500, agreed value of 82k.

I was expecting a better number- am I naive? I used to think my Daytona was expensive to insure until now (same company by the way).

State Farm $480 a year for my 28 with 525SC. Boat and trailer insured for 48k.

97' 28 sunsation
980./yr
350hp
boaters choice ins.
grrrrr

A repost from another thread on Single insurance:::

Well you made me look at my policy and it states:

We will pay the cost of repair or replacement at the time of loss, with out deduction for depreciation, subject to the following:
(1) We will pay the cost of repair or replacement but not exceeding the smallest of the following amounts:

(a) replacement cost at the time of loss
(b) the full repair cost
(c) any applicable special limit of liability; or
(d) any applicable limit of liability

(2) Loss to property not repaired of replaced within one year will be settled on an actual cash value basis. This means there may be deduction for depreciation.

We will pay the coverage A limit ($97,000) shown in the declarations for the described boats and motors if all described items are a total loss as a result of a since insured loss. We will also pay the coverage A limit shown in the declarations for a boat trailer if the loss is the result of the same insured loss. The policy deductible does not apply to these total losses.

I was wrong on the premium it is $801, I was thinking of my car. Anywho it's listed as insured for $97K, $7 trailer and $500K liability. They spelled Pantera wrong and but have the length of 28 feet right and the HP listed as 550. $1k deductable.

Cattitude, hope you get a Pantera.

I'd love to just look at one for inspiration. Let everybody know if you make a deal.

Scott,
did you recover / salvage your boat or did you get another one??

Help me find a buyer for my cat- somebody must want to be fast on Beaver lake:D

My insurance rate
 

'99 28, Twin 502MPI, Trailer, FLORIDA, 12 month use, 70k agreed value $2800/yr. with Progressive.
That was the best quote I could get. Some wanted 6 g's!
I have a friend with a 26 Sonic, single 502, upper Chesapeake Bay, who only pays $750/yr!

You gettin' that boat????

Still shoppin but should pull the trigger in the next few wks

Here in South Florida an average for insurance on a 28' is in the $ 1,800 - $ 2,200 range.I can put any of you in contact with the gentelman that we work with, based in Ft. Laudedale. A new 2003 28' with twin 6.2 MPIs just got quote for $ 1,801.

If anyone interested email me here at : [email protected] and I will give you contact info.

Regards,

JO

Insured through nationwide in FL Pantera sliped through the bad list under 50k no inspection 750 a year

I was looking serious at Pantera24's old boat last year but State Farm would not touch it.It was a 24 with a 351.Who insures the older Panteras with a single?What rates would be reasonable for a 15k value?

Looks to me like you just have to have your agent hunt around- I got 800ish quotes eventually- inland waters:D

Let's get crackin' on the 28. Buck and I want to go for a ride! I went over to his place for some truck steps last weekend and Panteras were on the brain.

The other boat is still where I left it just over a year ago. The Magnum is in pieces in the shop. Good thing it is too hot to work on her. The good news is that my pirogue still floats.

Keep us posted - Buck and I are dying to see one up close. Maybe if one of us wins the lottery, we can start the Beaver Lake Pantera Club?

Ditto!

Buck

Hey Cat..

Try Progressive Insurance. They have coverage anywhere in the U.S. for the same price or less. My premium is $1,632/yr. for 28' single 525EFI at full cost of boat.

Ron

Cattitude,

I just got a qoute from my agent @ State Farm & it was $1k /yr based on $100k (which was there limit, I asked for $125k for my 28' 525 single b/c you have to include personal belongings too) no trailer, $5k medical & $500k liability & a $500 deductible. I was expecting it to be more to be honest w/ you. Wet or dry docked didn't seem to make any difference just whether the boat would be used inland or on the ocean. I can still trailer it to the shore w/ the same insurance coverage as long as my primary use is on the lake I originally stated. Obviously its different from state to state. Jo sounds like FL has a tight knit organized insurance racket going on there. I'll lend my NC address to anyone interested for $200 / yr! Ok just kidding.

Sounds like you got some good input here.

ML

Less than I thought...
 

I was rootin' through some paperwork the other night...
My insurance isn't $2800 as previously stated. It's about $1,800... Through Progressive.
'99 28, with Trailer, twin 502MPIs....
I think they may have a descrepancy on my policy (but let's keep this quiet) I told them the boat had twin 400HP. The policy lists the HP as 400, not 800.
It's an agreed value policy @ $70k. I could have gone more, could have gone less.

Call Ken Collier (713)772-2991 He shops several companies and will get the the best and most coverage for your dollar:)