Carver Yacht Boat Insurance
Posted: August 7th, 2018, 9:24 pm
Bud37
And everyone
I noticed on your ytd cost estimate on boat expenditures you had $451 down for insurance for a year. HOW?
I own a captive insurance agency, captive meaning one of the major companies and independent meaning all the small companies and the online internet companies.
So as an agency owner I got quotes from $300 a month.
$3600 a year from a major player for $300,000 in liability coverage to $137 a month for a $500,000 in liability coverage. Big difference compared to your $451 a year you mentioned.
Naturally, I choose the latter and one other small bit of info I learned.
Our options are for stated replacement cost value or actual cash value on the hull. It was almost a $1000 difference between the two options.
However, my requested stated price was the same as there determined ACV. So why pay more for the same amount when I am going to work the claims adjuster in either situation. Naturally I will keep checking the values yearly because of my career.
I am not endorsing anyone by any means as I just took this insurance out, but I went with Boats US underwritten by Geico. Still I am at $1600-$1700 yearly on a landlocked lake for a 98 405.
Just wondering what everyone is paying because we are all here trying to save each other money and time.
Thanks to everyone for your responses
And everyone
I noticed on your ytd cost estimate on boat expenditures you had $451 down for insurance for a year. HOW?
I own a captive insurance agency, captive meaning one of the major companies and independent meaning all the small companies and the online internet companies.
So as an agency owner I got quotes from $300 a month.
$3600 a year from a major player for $300,000 in liability coverage to $137 a month for a $500,000 in liability coverage. Big difference compared to your $451 a year you mentioned.
Naturally, I choose the latter and one other small bit of info I learned.
Our options are for stated replacement cost value or actual cash value on the hull. It was almost a $1000 difference between the two options.
However, my requested stated price was the same as there determined ACV. So why pay more for the same amount when I am going to work the claims adjuster in either situation. Naturally I will keep checking the values yearly because of my career.
I am not endorsing anyone by any means as I just took this insurance out, but I went with Boats US underwritten by Geico. Still I am at $1600-$1700 yearly on a landlocked lake for a 98 405.
Just wondering what everyone is paying because we are all here trying to save each other money and time.
Thanks to everyone for your responses