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Whats the latest with insurance

Old 05-14-2020, 06:51 AM
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Default Whats the latest with insurance

With the recent changes in the insurance industry, who is offering the best coverage for the money? Charter Lakes cancelled me last year then shoved me into a Progressive Policy. I don't want to stay with Progressive. What do you have?
Old 05-14-2020, 07:10 AM
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Went with Allstate, best bang and we already had auto and homeowners with them, so more discounts, Charter wanted $6500.00 more than double what I was paying them for the last 9 years, they had nothing to offer.
Old 05-14-2020, 08:58 AM
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Try Sea Insure...some contact info..Chris McKinnon

Program Manager

chrism@seainsure.com

p: 877.568.1672 f: 860.399.2893
Old 05-14-2020, 09:04 AM
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I’m with progressive - $88000 agreed value, stored in GA on land, $1000 deductible = $450 a year. I thought they gave me a good deal.
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Old 05-14-2020, 09:28 AM
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I just got dumped by Charter Lakes after 8 years with them and no claims. 10%-15% increases every year. So it looks like Progressive for me, but honestly with the age of my boat I'm considering not carrying anymore next year, other than liability.
Old 05-14-2020, 10:00 AM
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Originally Posted by grey2112 View Post
I just got dumped by Charter Lakes after 8 years with them and no claims. 10%-15% increases every year. So it looks like Progressive for me, but honestly with the age of my boat I'm considering not carrying anymore next year, other than liability.
you also need to consider the environmental impact of sinking.
Old 05-14-2020, 04:19 PM
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Originally Posted by wstanford277 View Post
I’m with progressive - $88000 agreed value, stored in GA on land, $1000 deductible = $450 a year. I thought they gave me a good deal.
That is a great deal. I have progressive with 100k agreed value and they whacked me for 4 grand. I am 50 with zero claims and zero citations or accidents. WTF
Old 05-14-2020, 05:20 PM
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Charter put me at $765, premier marine, $135k boat. You can try calling them directly.
Premier Marine Insurance Managers Group (USA) Inc
Before them, I had good insurance with Travelers.
Old 05-14-2020, 05:51 PM
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I have everything insured with state farm except one boat. Rates couldn't be beat by anyone else. Only becomes expensive if the boat goes over 50 mph.
Old 05-14-2020, 05:58 PM
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Try Foremost. They recently rolled out a new product in Louisiana. Very competitive rates and a policy at least on par with Allstate and Progressive.
Old 05-14-2020, 06:08 PM
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Originally Posted by BoatHaus View Post
That is a great deal. I have progressive with 100k agreed value and they whacked me for 4 grand. I am 50 with zero claims and zero citations or accidents. WTF
Seems way off. I’ve used them for 8 years, no claims.
Old 05-14-2020, 07:29 PM
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Just got a quote from Geico for $500 a year and that included a membership to TowBoat USA. Agreed value would more than cover any losses.
Old 05-14-2020, 11:03 PM
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With state farm all deductibles set to $1000 I'm at $750/year on the 33 bertram, $175/year wellcraft V20, $120/year custom 18x60 aluminum, $1040/year Yamaha sx230(50+ MPH boat), $75/year Yamaha FXHO, $90/year custom 14x42 aluminum. My catamaran offshore boat is insured with progressive cause state farm wouldn't write the policy due to the boats value being more than $50k. I'm at $2040/year with $1000 deductible.
Old 05-15-2020, 02:39 AM
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Charter Lakes trippled my premium. I found Progressive had the best rate for my boat.
Old 05-15-2020, 02:46 AM
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I've had BoatUS for several years. Geico is their underwriter. Worth a look!
Old 05-15-2020, 06:50 AM
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Progressive just re-quoted my policy. I dropped the liability from 300-100k A/V is 113k trailer is 7k with 5k deductible $2300 per year. I'll try geico
Old 05-15-2020, 06:58 AM
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I just picked up a policy from Travelers. It went up 15% this year, just under a grand for a $160K value operating in the PNW.
Old 05-15-2020, 07:22 AM
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Just went from Charter Lakes to Geico/BoatsUS. Happy with new policy.
Old 05-15-2020, 08:01 AM
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Very different needs = very different advice on “who is best”.

talk to a knowledgeable local agent - they can place you with right carrier for needs.

Be aware “captive” agents (State Farm, Allstate, Farmers, AMFam) can ONLY place you with their company. They might be great for your house...but your boat ? - the time to find out is NOT when something goes wrong.

Boat insurance is very inexpensive compared to home/auto...50-100k in coverage cost a fraction of what you might pay on a newer luxury car for example.

GEICO and Progressive both write directly and are good options for 90% of pleasure craft owners valued under 100k. That said - their claims staffs ARE NOT boat experts in general...yes they have “specialist” who handle boat claims regularly- but depending where you live...they might see 5 or less claims a year involving a boat.

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