Boat Insurance. What is wrong??!!

[Odessa Boater]

Good day!

I purchased recently 1987 Chris Craft 33'. When I tried to shop for insurance, I was puzzled with the results. 5 companies (including insurance monster GEICO) said, that they cannot provide a quote, as their quotes will not be competetive for THIS PARTICULAR boat manufacturer - Chris Craft.!!

Do you know anything about this? If somebody can help to find good insurance company with good rates, which is not afraid to deal with Chris Craft boats? The boat is located in Hollywood, FL.

Thanking you in advance.

[fishingfun]

From other post her about boat ins. after you get over 30' they get tough to insure in FL. I'm sure a few here will post who they went with but from what I have read for boats over 30' ins. gets $.

[BobT]

You might want to contact a Chris Craft dealer. Maybe they can point you in the right direction.

[Judd]

Two things to consider:
1. It doesn't have so much to do with the manufacturer, but with the vintage of the boat. That is a 20+ year old boat and the insurance company will look at it as a large risk and liability, therefore the rates will not be aggressive.
2. Nobody that I have dealt with in quite some time has been as competitive as Progressive. I have no relation to the company, but they've really been at the top in marine insurance. Just my opinion.

[Proline3250]

Nationwide did right by me..

[ScarabChris]

I live in Hollywood FL and I have my 30' Scarab insured with State Farm. Though I have had it insured with them since 2002, if I were to try to insure it now things would be different due to its age, size, HP and high theft risk due to our recent smuggling explosion.

A couple of questions. Will you be keeping the boat in FL or bringing it to Maryland? Also....what kind of insurance are you looking for? Replacement insurance will be tough to get on such an old boat unless there are recipts and pictures that proove its worth money. But you should be able to get liability insurance.

[prockvoan]

As stated,two things are going to kill you.Age of the boat.You will need a full survey.Second is all boats that are kept in the water along the gulf coast in the south cost a ton of money to insure.Check your home insurance company to add the boat to it,but be ready to pay thru the nose!

[Odessa Boater]

ScarabChris - 10/18/2007 10:23 AM

I live in Hollywood FL and I have my 30' Scarab insured with State Farm. Though I have had it insured with them since 2002, if I were to try to insure it now things would be different due to its age, size, HP and high theft risk due to our recent smuggling explosion.

A couple of questions. Will you be keeping the boat in FL or bringing it to Maryland? Also....what kind of insurance are you looking for? Replacement insurance will be tough to get on such an old boat unless there are recipts and pictures that proove its worth money. But you should be able to get liability insurance.

Thanks.

I spent $9,500 on this boat and I am looking for a libility / accident / collision coverage only. I intend to keep it in Florida.

Mantime, I just got from Progressive (thank you, folks, for an advice) this:

1987 Chris Craft 332/333/336 Amerospo
Hull ID #:
Length: 33 Hull material: Fiberglass
Garaging/Mooring Zip Code: 33021 State: FL Use: Pleasure Use Exclusively
Propulsion type: Inboard Number of motors: 2 Total horsepower: 350
Limits Deductible Premium …………………………………………………………………………………………………………………………………… …………………..
Bodily Injury Liability $100,000 each person/$300,000 each accident
Liability To Others
$251
Property Damage Liability $50,000 each accident 167
Includes Fuel Spill Liability
…………………………………………………………………………………………………………………………………… …………………..
Uninsured/Underinsured Boater $10,000 each person/$20,000 each accident 121
…………………………………………………………………………………………………………………………………… …………………..
Medical Payments $1,000 each person 25
…………………………………………………………………………………………………………………………………… …………………..
Emergency Watercraft Towing and Labor $500 each incident 30
…………………………………………………………………………………………………………………………………… …………………..
Coastal Navigation 75 Nautical Miles included
…………………………………………………………………………………………………………………………………… …………………..
Total premium for 1987 Chris Craft $594
Subtotal policy premium
…………………………………………………………………………………………………………………………………… …………………..
$594.00
…………………………………………………………………………………………………………………………………… …………………..
FL Hurricane Catastrophe Fund Assessment 5.94
…………………………………………………………………………………………………………………………………… …………………..
Total 12 month policy premium, with paid in full discount $599.94

Is it good rate?

[ScarabChris]

Thats a great rate, I would sign it and run. if you want a 2nd quote try my buddy Brice Brown at State Farm in Ft Lauderdale (954) 728-9900 X206

[ScarabChris]

You said 350 total HP....does that 33' boat have twin 175s on it?

[Odessa Boater]

ScarabChris - 10/18/2007 10:47 AM

You said 350 total HP....does that 33' boat have twin 175s on it?

I guess it's 350 each. O-opps! Will that effect the rate?

[Odessa Boater]

ScarabChris - 10/18/2007 10:44 AM

Thats a great rate, I would sign it and run. if you want a 2nd quote try my buddy Brice Brown at State Farm in Ft Lauderdale (954) 728-9900 X206

Thanks a lot. Just called Mr. Brown and left a message.

If it's in the water at a marina, $50,000 in general liability may not be enough. Most major marinas require at least $300,000.

Make sure you get all the information correct to them; otherwise, they'll look for an out if you have a claim.

[wkearney99]

You definitely need more liability coverage. Let's say your boat catches fire and in turn burns up or damages several other vessels. You'll have a real problem on your hands... like becoming homeless because of having to sell your house to pay off the lawsuits. If anything, make sure you have an umbrella liability policy. This can often be added to your homeowners policy. This will help as a 'backstop' against claims that exceed your boat policy.