Welcome to Carver Yachts Owners Forum

We are a boating forum for owners of Carver Yachts to enthusiastically discuss all aspects of Carver Boat ownership. Whether you are looking for your first Carver or currently own one, you are sure to feel at home on CarverYachtOwners.com

You are currently viewing our board as a guest which gives you limited access to view most discussions, articles and access our other FREE features. By joining our free community you will have access to searching the forum topics, post topics, communicate privately with other members (PM), respond to polls, upload your own photos and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

Carver Yacht Boat Insurance

ImageThis forum is for general discussion of all things Boating. If it's boating related and doesn't fit in another forum, post it here!

Topic author United States of America
Serendipity
CYO Supporter
CYO Supporter
Posts: 148
Joined: June 28th, 2018, 9:31 am
Vessel Info: 1998 Carver 405
Location: Madison MS
Has thanked: 234 times
Been thanked: 38 times

Carver Yacht Boat Insurance

Postby Serendipity » 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 :beergood:

User avatar

United States of America
g36
Admiral
Admiral
Posts: 1937
Joined: April 7th, 2014, 6:07 pm
Vessel Info: 1997 Carver 405
Location: Soddy Daisy TN.
Has thanked: 7 times
Been thanked: 586 times

Re: Carver Yacht Boat Insurance

Postby g36 » August 7th, 2018, 9:44 pm

You can beat boatus easily. I have a 405 on the tennessee river and use markel insurance. I pay about 1/2 what you posted. I shop around various companies when nearing renewal but have had them for 4 years now. I'm sure you'll get plenty of opinions.
1997 Carver 405
Crusader xli
The Black Pearl
Soddy Daisy Tn.
User avatar

Canada
bud37
Admiral
Admiral
Posts: 4676
Joined: April 23rd, 2015, 10:22 pm
Has thanked: 547 times
Been thanked: 1142 times

Re: Carver Yacht Boat Insurance

Postby bud37 » August 7th, 2018, 10:50 pm

Serendipity......I was quoting Rick there ,somehow it came out looking wrong and I couldn't fix it..... those are his costs.....mine are much higher than that. ( i only wish those were my costs. :-D ).......somewhere in the range of 900.00 Canadian for the boat insurance and it has just gone up......... :beergood:
The above is strictly my opinion always based on years of doing...remember to support local business , it pays back.

Topic author United States of America
Serendipity
CYO Supporter
CYO Supporter
Posts: 148
Joined: June 28th, 2018, 9:31 am
Vessel Info: 1998 Carver 405
Location: Madison MS
Has thanked: 234 times
Been thanked: 38 times

Re: Carver Yacht Boat Insurance

Postby Serendipity » August 7th, 2018, 10:58 pm

Thanks G36 and Bud37 I only shopped 2 companies as my company would not even quote it.

Looks like we need to check out Markel in the near future. I just needed something for the marina where it is at now and my marina when I get it here.
Hopefully I will be going to get it next week, fingers crossed.
Trying to find someone with a truck and trailer to haul this boat has been a nightmare to say the least.
User avatar

United States of America
SanJuanDreamer
First Mate
First Mate
Posts: 170
Joined: April 4th, 2016, 4:02 pm
Vessel Info: Still Searching
Location: Seattle
Has thanked: 1 time
Been thanked: 21 times

Re: Carver Yacht Boat Insurance

Postby SanJuanDreamer » August 8th, 2018, 3:34 pm

I was paying 680yr with agreed value through Anchor Marine underwriters.
I was going through Chubb, who treated me good when needed.
User avatar

Canada
pepmyster
Admiral
Admiral
Posts: 961
Joined: June 5th, 2018, 7:17 am
Vessel Info: 2004 Carver 360 Sport Sedan
8.1 Volvo Penta
Fresh water boating
Location: Ottawa
Has thanked: 433 times
Been thanked: 187 times

Re: Carver Yacht Boat Insurance

Postby pepmyster » August 9th, 2018, 6:03 am

720$ a year for me. Ottawa area and in the Thousand Islands.
User avatar

Canada
daveS
Scurvy Dog
Scurvy Dog
Posts: 44
Joined: August 12th, 2017, 8:36 am
Vessel Info: ☀️Sanity Sol☀️
1999 350 Mariner
Location: Penetanguishene, Ontario
Has thanked: 24 times
Been thanked: 8 times

Re: Carver Yacht Boat Insurance

Postby daveS » August 9th, 2018, 8:10 am

$400 a year for a 1999 mariner through MD insurance
User avatar

Canada
bud37
Admiral
Admiral
Posts: 4676
Joined: April 23rd, 2015, 10:22 pm
Has thanked: 547 times
Been thanked: 1142 times

Re: Carver Yacht Boat Insurance

Postby bud37 » August 9th, 2018, 10:17 am

daveS wrote:Source of the post $400 a year for a 1999 mariner through MD insurance

Now that is just hurtful...... :-D
The above is strictly my opinion always based on years of doing...remember to support local business , it pays back.
User avatar

United States of America
waybomb
CYO Moderator
CYO Moderator
Posts: 2404
Joined: February 5th, 2013, 9:24 pm
Vessel Info: 1995 Boston Whaler Rage15
1987 3697 Carver Mariner
1988 Cougar 46 Kevlar Vee offshore
1969 15' Glasspar / 1967 Johnson Electromatic 85
1996 Boston Whaler Rage 15
Location: Saint Joseph,Mi
Has thanked: 50 times
Been thanked: 396 times

Re: Carver Yacht Boat Insurance

Postby waybomb » August 9th, 2018, 1:10 pm

Have to look at what's covered to determine if the price is good.
Mine all have 2,000,000 environmental, 2,000,000 general liability, and the two big ones are agreed value. Also what personal non-vessel is covered.
And then where the boat is covered and for what period in the water and on land.
And coverage when it's stored.
Is mechanical included?
And then all the mumbo-jumbo dispersed in a sneeky way through the documents!
Thanks
Fred
1969 Glaspar Avalon /1969 Johnson Electromatic 85
1987 Carver Mariner
1988 Cougar Kevlar 46' with triple blown 572 ci
1995 Boston Whaler Rage
Past - 1988 2807, 1989 4207 Aft
User avatar

United States of America
Kendaukcat
Scurvy Dog
Scurvy Dog
Posts: 24
Joined: May 7th, 2017, 5:53 pm
Has thanked: 14 times
Been thanked: 4 times

Re: Carver Yacht Boat Insurance

Postby Kendaukcat » August 10th, 2018, 12:26 pm

I have a 98 405 as well. I have Progressive and pay almost $1900 a year. I am on the Ohio RIver.

I did not shop around at the time of purchase...beginning of June. We are moving to the Keys in about a month, so I am going to need to revisit soon.

Anyone have any recommendations for the hurricane zone?

Return to “General Boating Discussion”



Who is online

Users browsing this forum: No registered users and 49 guests