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Insurance?

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Topic author United States of America
mjk1040
Admiral
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Insurance?

Postby mjk1040 » May 14th, 2019, 1:19 pm

Ok all, been with Foremost Insurance for 4 +/- years at a fair price I thought for 2 boats for under $600.00/year. Agent just called and said the renewal was going to be just under $ 1,000.00 a year! WTH! Agent suggested I go look because she couldn't offer anything better! FYI, She's a very good agent, so good I have to buy her and her husband dinner every year. Progressive thus far is the best price I've seen for 2 boats and a PWC just under $ 800.00. Waiting for a quote from NBOA and US Boat/Gieco was around $1,400.00. We have to carry $300,000.00 Liability at the marina, but I didn't see the pollution rider on the Progressive policy that's usually around $1M coverage. Where's the best rates fellow Boaters?
Mike :down:
I'd Rather Be Boating!
1989 Sea Ray Seville
1986 Carver Mariner 32'
1990's Thompson 22' Cuddy Cabin
1990's 4Winns 245 Vista Cruiser
1980's Thompson 19' Open Bow

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United States of America
waybomb
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Joined: February 5th, 2013, 9:24 pm
Vessel Info: 1987 3697 Carver Mariner
1988 Cougar 46 Kevlar Vee offshore
1969 15' Glaspar / 1969 Johnson Electrmatic 85
1964 Barron Flat bottom drag boat
A couple of dinghies
Location: Saint Joseph and Trenton, MI
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Re: Insurance?

Postby waybomb » May 14th, 2019, 5:44 pm

Don't know if the best, but for me they are - Charter Lakes. They are a broker. My go fast and the Carver are with Markel; agreed value,
Thanks
Fred
1964 Barron Flatbottom with BBC Chevy
1969 Glaspar Avalon /1969 Johnson Electromatic 85
1987 Carver Mariner
1988 Cougar Kevlar 46' with triple blown 572s
http://s4.beta.photobucket.com/user/waybomb/library/
Past - 1988 2807, 1989 4207 Aft
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United States of America
tomschauer
Admiral
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Joined: March 28th, 2016, 10:52 pm
Vessel Info: 1998 Carver 355
Suspicious Fishes !
1990 Proline 17CC
2018 Regal 1900ESX
Location: upper chesapeake bay
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Re: Insurance?

Postby tomschauer » May 14th, 2019, 6:03 pm

Mike, we go through Gallager Charter Lakes, they have us insured through XL specialty insurance.
500,000 liability
65,000 hull value
25k medical
10k personal property
500,000 unisured boater
939,800 pollution spill


Just over 800/yr.

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denpooch
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Crusader 6.0 Captains Choice
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Re: Insurance?

Postby denpooch » May 14th, 2019, 10:18 pm

Hey Mike,
On one of the threads last year, I went with an agent and company that has mentioned. It worked out well so far and saves a good deal of money over BoatUS/Geico. I boat downstate New York.

American Insurance Company.

COVERAGE
Agreed Value of Vessel: $103,000.00
Premium: $869.00/yr
$300K Protection/Indemnity
Medical Payments: $20K
Personal Effects: $15K
Emergency Towing: $3,500.00
Rental Reimbursement: $2,500.00

I also have an umbrella policy for 1M which has the boat listed on the policy and offers additional protection.

The broker is:
Phone: 206-273-6996
ANCHOR MARINE UNDERWRITERS INC-9999
2731 77TH AVE SE
MERCER ISLAND, WA 98040-2800

They may have some options for you. Good luck.
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RGrew176
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Re: Insurance?

Postby RGrew176 » May 15th, 2019, 3:40 am

Check out SafeCo. I have used them in the past. They can sometimes offer good rates.
Rick Grew

1981 Carver 3007 Aft Cabin

2004 Past Commodore
West River Yacht & Cruising Club
www.wrycc.com
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g36
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Re: Insurance?

Postby g36 » May 15th, 2019, 10:04 am

I also have markel been with them a few years but I usually check around just in case. They've beat every one on equal coverage so far.
1997 Carver 405
Crusader xli
The Black Pearl
Soddy Daisy Tn.
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Cooler
Commander
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Twin 350XL Crusaders
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Re: Insurance?

Postby Cooler » May 15th, 2019, 11:25 am

I am with Progressive for 2 reasons. 1. I had a total loss claim and they were excellent with processing. 2. Rates are very good. Just got me renewal and they dropped my premium by $80. I do go through an insurance agent, because they do have an agents channel of communication that is a higher priority and direct. 8-) er
Cooler By The Lake
( All weather people have to say this on air, near lakes )
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km1125
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Re: Insurance?

Postby km1125 » May 15th, 2019, 1:57 pm

I Progressive for YEARS and used it for the boat and the PWCs. Decent coverage and good price, and they also included a towing package (required for the PWCs, but it also came with the boat coverage).

I let it expire by accident one year and I called to renew.... they DOUBLED the price. I renewed but then shopped around and found that Boat US (just prior to Geico) offered me basically the original rate I had been paying at Progressive, so I switched and cancelled the Progressive policy. I'm still with them now that they've converted to Geico. The PWCs are still on Progressive though, as they had a much lower premium. You'd think that I'd get some good discount on putting them with my boat policy with Geico but it doesn't work out that way.
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Topic author United States of America
mjk1040
Admiral
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Posts: 1301
Joined: July 30th, 2015, 8:15 am
Vessel Info: 1998 355 AC/MY "Deja Vu"
Location: Savannah, NY
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Re: Insurance?

Postby mjk1040 » May 15th, 2019, 5:37 pm

Progressive has the best rates so far, but I can't get the agreed on haul value I They'll give me half what
I want though. I'll check out some of these other companies, Thanks All!
Mike :down:
I'd Rather Be Boating!
1989 Sea Ray Seville
1986 Carver Mariner 32'
1990's Thompson 22' Cuddy Cabin
1990's 4Winns 245 Vista Cruiser
1980's Thompson 19' Open Bow

United States of America
BenTen
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Re: Insurance?

Postby BenTen » May 15th, 2019, 5:41 pm

Just to add to the discussion:

Progressive quoted $3600 today for my 84 36', crazy.
Foremost wouldn't quote because of age and neither would Travelers.

Looks like I'll be going with BoatUS/Geico at $1500 per year, which still seems like double what it should be.
Thanks,
Ben in SC

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