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Insurance?

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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 15th, 2019, 5:50 pm

BenTen wrote:Source of the post 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.


I have a 1987 3697. Insured through Charter with Markel. Less than half price of what you say Geico gets. On the Great Lakes though.
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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kamakazerc
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Joined: December 7th, 2017, 7:14 am
Vessel Info: proud new owners of a 1988 3607 aft cabin,as of august 2018, and still have at this time our 1980 mariner 2896
Location: au gres mi
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Re: Insurance?

Postby kamakazerc » May 16th, 2019, 8:02 am

HI. I'm wondering if all of you chiming in with the insurance conversation, if all of your policies required a recent survey. i have been shopping , so when mine comes ready to renew in August, i can find a better rate for my 1988 3607. i paid over $1700 last year. OUCH... Then at one point, when i was shopping for a survey, one of the surveyors told me for older boats surveys are not always necessary for getting insurance. i am kinda proof of that because the policy i have did not require one, but at those rates, to get my policy under $1000 a yr, i'm thinking a $700 survey is well worth it.
Any comments would be helpful...And possibly even for Mike, that started this post... !!!!

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BenTen
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Vessel Info: 1984 Carver 3697 Mariner - "We'll Sea"
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Re: Insurance?

Postby BenTen » May 16th, 2019, 8:13 am

kamakazerc- I am being told that a recent survey is required by Gieco/BoatUS due to length and age of my boat.

I'm hoping others from the southeast my chime in as I'm sure rates differ from region to region, I'm considered "coastal" even though the ocean is 300 miles away and I'm on a freshwater lake.
Thanks,
Ben in SC
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United States of America
waybomb
CYO Moderator
CYO Moderator
Posts: 1767
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
Has thanked: 36 times
Been thanked: 239 times

Re: Insurance?

Postby waybomb » May 16th, 2019, 8:25 am

Not coastal, but with charter/markel, I had to have a survey performed when first floated the 3697, and a few years later I performed a self survey for markel which included taking pictures of certain areas and answering some questions.
Which makes a lot more sense than a full survey every few years. Pictures vs words and money!
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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Topic author United States of America
mjk1040
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Re: Insurance?

Postby mjk1040 » May 16th, 2019, 1:02 pm

Well after reading all your reply's, I'm thinking we are all getting it up the whazo from the insurance companies!
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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tomschauer
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Joined: March 28th, 2016, 10:52 pm
Vessel Info: 1998 Carver 355
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1990 Proline 17CC
2018 Regal 1900ESX
Location: upper chesapeake bay
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Re: Insurance?

Postby tomschauer » May 16th, 2019, 3:26 pm

It also make a difference where you boat. Those in the southeast pay more due to the likley hood of hurricane damage.
Mike, you may be feeling the effects of Sandy. Did you check with any locals to comapre rates?
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km1125
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Re: Insurance?

Postby km1125 » May 16th, 2019, 8:24 pm

Like waybomb, I've done "self surveys".

I think I had to do that when I switched from Progressive to Boat US and I might have had to do one when I first went to Progressive. I think it was a two page form that you had to fill out and then take pictures of a few different things, like the engines and fuel system. When I originally got the boat, I had to have a survey for the loan and used that for the insurance too, but haven't had to do a paid survey ever since (and that's ~27 years ago), but if I recall correctly the survey wasn't required because the boat was "only" 9 years old at the time. If it was 10, then I would have needed a survey.
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Topic author United States of America
mjk1040
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Re: Insurance?

Postby mjk1040 » May 17th, 2019, 7:27 am

Agent tried several other companies and nothing was any better. Yes I'll bet we are all paying for hurricane damage and destruction since the insurance companies had a big hit the last couple of years. It's a shame we have to pay for other area's losses. Well I guess that's just the nature of the beast. Still waiting for some quotes, tried NBOA that advertises on here and no reply yet? I can get just the Carver covered by SKI/SAFE for $ 586.00/year and that's $6.00 more than I was paying Foremost for both the Carver & the Sea Ray. Guess I'll keep on shopping! Wait NBOA got back to me, $ 1581.00 with get this Thru Progressive, which already quoted me $ 776.00? WT?
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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bud37
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Re: Insurance?

Postby bud37 » May 19th, 2019, 6:28 am

Wow....you guys are all over the map with the pricing....it's got to be region specific with that much difference....Up here I have always had to have a current survey for insurance then one every so many years....10 years I think.

All the marinas we have been at required 1,000,000 minimum liability. Looks like what you save on shrink wrap you more than make up for on insurance rates.
"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.”
― Kenneth Grahame, The Wind in the Willows

Safe travels with light winds and calm seas.....
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Topic author United States of America
mjk1040
Admiral
Admiral
Posts: 1326
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 19th, 2019, 6:54 am

Only required to have $ 300,000.00 liability here for the marina, however NY does not require a boat owners to have any insurance. Marina requires, yet does not ask for proof of insurance? Go figure?
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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