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agreed value insurance on a 1999 boat

Old 10-14-2020, 11:20 AM
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Default agreed value insurance on a 1999 boat

who does this kind of policy?
Old 10-14-2020, 11:48 AM
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Boat US/Geico gave me an agreed value policy on my 89 Mako worth exactly what I sold it for in July.
Old 10-14-2020, 11:54 AM
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Good luck. It sucked after charter lakes dropped me on my 98. Prices everywhere were extremely high compared to what I had. Finally went through American modern insurance. Was paying about 800 before and now its about 1250. Also had to get a new survey. Prices ranges from 1200 to over 3k a year for 50k agreed.
Old 10-14-2020, 11:57 AM
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I pay $850 on a 1999 $50k through Allstate, Bradley Insurance
Old 10-14-2020, 12:08 PM
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Originally Posted by SeakeeperWPB View Post
I pay $850 on a 1999 $50k through Allstate, Bradley Insurance
what boat if you dont mind me asking.? looking for 64500.00 on the boat in my signature. Have the buyer.....
Old 10-14-2020, 12:09 PM
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I went through Sea Insure and mine is an '88 may be worth a look.
Old 10-14-2020, 12:10 PM
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Originally Posted by CaptainW View Post
I went through Sea Insure and mine is an '88 may be worth a look.
thanks.
Old 10-14-2020, 12:11 PM
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Pursuit 2870 walkaround
Old 10-14-2020, 12:17 PM
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I pay $1000 bucks yearly for my 2008 Sailfish. Agreed value $60000. Progressive Insurance.
Old 10-14-2020, 12:27 PM
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1995 Privateer insured for $32k. ~$700 per year thru Boat US/Geico.

Had to send pics to verify condition and new motor.
Old 10-14-2020, 01:12 PM
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Originally Posted by 1NO REGRETS View Post
who does this kind of policy?
run quotes with all of the big ones, most you can do online

who have you tried so far?
Old 10-14-2020, 01:24 PM
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Originally Posted by mystery View Post
run quotes with all of the big ones, most you can do online

who have you tried so far?
I am leaving it up to the Professional Captain, not trying to expose him. I am only trying to help. I am not the new insurer, he is. only in the states 6 months a year, feels my boat is Stellar. The cleanest , well kept, full disclosure,he has seen out of 4 others. It would be my Pleasure to help.
Thanks Mystery for your help. This Captain is Capable, but is having to jump through hoops to get an agreed Value on A well kept 1999 Hull. Hard top full electronics low hour, fully performing ready to go great boat.
Old 10-14-2020, 01:26 PM
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Originally Posted by 1NO REGRETS View Post
I am leaving it up to the Professional Captain, not trying to expose him. I am only trying to help. I am not the new insurer, he is. only in the states 6 months a year, feels my boat is Stellar. The cleanest , well kept, full disclosure,he has seen out of 4 others. It would be my Pleasure to help.
OK I dont help buyers find insurance... they should call an insurance broker if they can't handle plugging in their details online...
Old 10-14-2020, 01:44 PM
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Allstate insured my Cigarette for $75K agreed value, $2000/year.
Old 10-14-2020, 01:46 PM
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I pay just under 2% of the agreed value. I paid around $1200 on a 65K agreed value with Progressive. Boat is a 2005 Contender.
Old 10-31-2020, 06:36 PM
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What would an insurance company pay if the boat sinks on the slip or mooring? Is this considered a total loss? Or will they nickel and dime you on repairs?
Old 10-31-2020, 07:13 PM
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Originally Posted by tautog_33 View Post
What would an insurance company pay if the boat sinks on the slip or mooring? Is this considered a total loss? Or will they nickel and dime you on repairs?
how can anyone possibly give you an accurate answer? you need to read and understand YOUR policy. policies vary. there are exclusions for quite a few things. probably sudden loss is defined. also value of your boat, age, cost of repairs, etc, going to play a role.
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Old 10-31-2020, 07:28 PM
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Originally Posted by mystery View Post
OK I dont help..
You finally said something we can all agree on
Old 10-31-2020, 08:01 PM
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Originally Posted by tautog_33 View Post
What would an insurance company pay if the boat sinks on the slip or mooring? Is this considered a total loss? Or will they nickel and dime you on repairs?
that happened to me, insurance company called in a surveyor, he asked if the engines went under , and when I said yes, he verified by inspection that both were 70-75% submerged and the entire wiring harness was under he said it’s a total and paid my agreed value just the engines or the wiring by itself would not have been a total. 👍
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Old 11-01-2020, 02:21 AM
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Originally Posted by evernic View Post
that happened to me, insurance company called in a surveyor, he asked if the engines went under , and when I said yes, he verified by inspection that both were 70-75% submerged and the entire wiring harness was under he said it’s a total and paid my agreed value just the engines or the wiring by itself would not have been a total. 👍
Thanks this was helpful.

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