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Carver Yacht Boat Insurance
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- 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
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
- g36
- 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
Crusader xli
The Black Pearl
Soddy Daisy Tn.
- bud37
- Admiral
- Posts: 4676
- Joined: April 23rd, 2015, 10:22 pm
- Has thanked: 547 times
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Re: Carver Yacht Boat Insurance
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- 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
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.
- SanJuanDreamer
- 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
I was going through Chubb, who treated me good when needed.
- pepmyster
- 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
- daveS
- 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
- bud37
- Admiral
- Posts: 4676
- Joined: April 23rd, 2015, 10:22 pm
- Has thanked: 547 times
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Re: Carver Yacht Boat Insurance
daveS wrote:Source of the post $400 a year for a 1999 mariner through MD insurance
Now that is just hurtful......
- waybomb
- 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
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!
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
- Kendaukcat
- Scurvy Dog
- Posts: 24
- Joined: May 7th, 2017, 5:53 pm
- Has thanked: 14 times
- Been thanked: 4 times
Re: Carver Yacht Boat Insurance
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?
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