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HELP, Insurance Quotes South Florida

Old 08-19-2006, 10:12 PM
  #21  
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Default Re: HELP, Insurance Quotes South Florida

I have a 33' with Tripples in Palm Beach County with no trailer. Markel Insurance through Jack Martin is who I went with. Best coverage and rate I could find.

www.jackmartin.com

Good luck.
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Old 08-20-2006, 09:16 AM
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Default RE: HELP, Insurance Quotes South Florida

Hi DSaltydog,

We have our 03 Intrepid 348 listed - Bladerunner. Great boats!! Congrats! We know what you're going through with this Insurance BS. We bought a 36 Tiara and had a hell of a time getting insurance. We got the best deal and most help from Tampbay Underwriters located in St Petersburg 727-521-4363 We spoke with Alicia Hoeper. It may be a different situation on your coast.

If for whatever reason your deal does not work out, feel free to call us regarding our Intrepid. We live in Clearwater and watched our baby being built from the ground up!! She is on THT anf boattrader.com.

Good Luck!!!
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Old 08-20-2006, 10:33 AM
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Default RE: HELP, Insurance Quotes South Florida

Dsaltydog - 8/18/2006 6:32 PM

Awaiting USAA, and Boat US

Tight Lines.
USAA will only "partner" with Progressive. Does your boat have a trailer? I was told by a dealer that boats under 34' without trailers in Dade and Broward, are almost un-insurable. What does the dealer suggest? However, beware of the dealer hook into an insurance company. I bought a new Boston Whaler 15 Montauk. The insurance company through Mercury Marine was almost 3 times the price of USAA/Progressive.

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Old 08-20-2006, 11:38 AM
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Default Re: HELP, Insurance Quotes South Florida

Bladerunner: you wife is very kind! I had spw her about your boat, sorry, you are truthfully priced perfect, the boat is worth 200K, this boat was an anomaly, and I jumped on it and quick. The owner of this boat commissioned as you did with his best friend who is the listing broker, although i am dealing with the owner directly. Same gig, photos, etc. Just happy i got it. You're stepping up, I love that boat, in my top 3, built, and overbuilt. Clearly you only secure the best. I also have the same Whaler you have, we got a lot in common. Do you know how much the 348 weighs? I am concerned as my lift may be marginal. Furthermore, did you have any issues with the Ficht? Thanks again. Oh, are by chance you in the Landscape business, I know of a guy local with that company name. If so, I have property on your coast am am always looking for vendors. Tight Lines.
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Old 08-20-2006, 11:40 AM
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Default RE: HELP, Insurance Quotes South Florida

Are we supposed to go for Actual Cost Value or Replacement??
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Old 08-20-2006, 11:42 AM
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Default Re: HELP, Insurance Quotes South Florida

Replacement if possible. I will take either!!!!!!
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Old 08-20-2006, 12:33 PM
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Default Re: HELP, Insurance Quotes South Florida

Insurance costs are completely through the roof in South Florida.
Just last week I got a bunch of quotes on a boat for sale in the Trading Dock. I nearly hit the floor when they started coming in. I spoke with the seller in South Carolina and he was paying about what I expected. The quotes I got were 3 1/2 to 5 times higher. Ouch!!
Part of it could be me. 8 months ago I made my first ever insurance claim (theft) in 30 years of boating and the payout was substantial.
Good luck in your shopping.
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Old 08-20-2006, 01:35 PM
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Default Re: HELP, Insurance Quotes South Florida

Hi Tight Lines,

Thanks for the compliments My husband said the boats weight is 10-12k full with gas and water. It is an awsome boat. The Fichts burn through plugs at about every 50 hrs. Evenrude fixed the problem and now they are fine. Ask the seller if he ever had that fixed. Otherwise when you get the boat, have an Evinrude dealer do it for you. You will love the boat!!!! Yes, we have a lot in commen. My husband is a carpenters contractor. They install all trim and commercial doors and hardware. His other company does hotel renovations. Bladerunner as in saw blade. If you have any questions, feel free to call my husband on the # listed in the for sale ad. He would be more then happy to help you!

Take care and good luck with everything!!

Caren
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Old 08-20-2006, 04:12 PM
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Default Re: HELP, Insurance Quotes South Florida

Dsaltydog have you found anyone to insure your boat? if so can you give us an idea what it will run please. you can PM the amount if you don't want to post it thanks I have a friend looking for a similar boat thanks Mark
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Old 08-20-2006, 05:14 PM
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Default Re: HELP, Insurance Quotes South Florida

Geez, this is reminding me of the thread awhile back about people downsizing there boats...this another reason, it would seem. My insurance for my lil boat was $170 a year, full coverage and replacement...USAA/Progressive.

Erich
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Old 08-20-2006, 05:52 PM
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Default Re: HELP, Insurance Quotes South Florida

Hey Doeboy,

What about Bladerunner? You had inquired a while ago. What changed you mind?
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Old 08-20-2006, 07:38 PM
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Default Re: HELP, Insurance Quotes South Florida

Just moved from Maryland to Punta Gorda FL. $1200. for 275k boat. This was for coverage for entire East coast except had to be north of Hatteress June thru Oct. When we moved it took me over 2 months to find full time Florida coverage. The best rate was thru ACE at $4000. a year but the kicker is a 10% deductable for named storm. I was lucky to even find coverage.
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Old 08-21-2006, 12:46 AM
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Default Re: HELP, Insurance Quotes South Florida

I live and boat in South Florida and had a very difficult time finding insurance for my 26' Grady center console valued at 75K. Floridians are getting raped by insurance companies while our political leaders look on, too afraid to do anything that is detrimental to the insurance industry because most, if not all of them, have in one way or another been compromised by the millions of dollars that insurance companies and their lobbyists contribute to their political campaigns and their projects. Sorry, don't mean to start a political debate, but the insurance industry has been getting away with murder in Florida and they have gotten so bold, they now act with impunity. It's not only boat insurance, it's all kinds of insurance that we're having a problem with.

Anyway, I finally got insured by Zurich, which is charging me $2,600 for a 26' center console with an agreed hull value of 75K. It does include Bahamas coverage and it's a very decent policy. You can call the agent who sold it to me, Joe Kolisch at USI Florida, office phone is 305-357-2053 Ext 331 or on his cell at 305-992-3482. You can tell him that Joe Diaz from Miami referred you to him.

The guy appears to be knowledgeable and he got me insured, but he is lousy when it comes to customer service, keeping you informed, answering calls after he sells you, etc. I've called him a couple of times since the policy was issued and he has never returned my calls. But, he does have an assistant or co-worker named Mari Borges at 305-669-6000 Ext 2301 who has taken care of things for me when Kolisch has been AWOL. You can tell him that I am recommending him only because he is able to get you the insurance coverage at a time when it's difficult. Under normal circumstances and with a normal insurance climate, I would not recommend him because of his lack of customer service skills...or desire. Hope this tip helps you with your insurance needs.
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Old 08-21-2006, 09:56 AM
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Default Re: HELP, Insurance Quotes South Florida

Bladerunner your boat looks great nothing wrong there. still trying to decide which way I want to go in terms of a new boat.
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Old 08-21-2006, 10:07 AM
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I kepp my boat in NE Florida. Last year Boat/US wanted 3200 a year for my 32. The year before it was 400? Ten years 3 boats and never a claim. What a load of CRAP. I ended up with USAA for the best rates but still over 1200 an year. What a SCAM. When I retire from the military in a couple of years, I am opening up an insurance business, charge exorbant rates then when something happens claim bankruptcy. LOL

Chris
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Old 08-21-2006, 11:16 AM
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Well, if it was only that easy to make money in insurance, we all would have done it. In fairness to the insurance agents, they're not the ones raising rates, making insurance difficult to find, etc. Actually, insurance agents are suffering too because they can't find coverage for their clients and they have to work much harder to earn their ever decreasing commissions. The problem lies with the big boys in the insurance industry, the ones that have the bucks to buy the politicians. Even small insurance companies are being pushed out of the market. Sounds like a plan from the big boys in the industry? You bet. The high cost of reinsurance has dried up the options for Florida consumers. I really can't imagine that the boating industry will fare well in Florida, of all states, in the near future. Marina slips are very hard to find, boat insurance is very expensive and very difficult to obtain, fuel prices at the marina are close to $4.00 per gallon. Not the ingredients you want for a healthy boating industry. Some people who put contracts on boats at the Miami Boat Show cancelled them after they learned that they couldn't find a place to keep their new acquisition. At my marina, there is a 3-5 year wait for a slip less than 30' and they don't even tell you how many years for one over 40'.

I had Boat US insurance (actual insurance provided by CNA) for several years since I first got a boat. I dropped them when they quoted me $3,4000 a year for 42K coverage for a boat I sold earlier this year, up from $2,300. Progressive quoted me $3,700. They both acknowledged that their quotes were extremely high and hinted that they really didn't care to cover boats in South Florida. State Farm won't insure any boats that are kept in the water, like mine. That left me with Zurich, a good company, but still high at $2,600. I never had a claim and despite all the hoopla about hurricanes, scientists agree that the odds of hurricanes striking the southeast US coast have not changed much in the past 100 years. Why do they charge so much to Floridians? Because THEY CAN. That simple. The big boys in the insurance industry know that they are in the driver's seat and no one in the Florida legislature or the US Congress can touch them. They've found the same equation as the oil companies and they're enjoying the ride, at our expense, until it lasts.
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Old 08-21-2006, 11:38 AM
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Default RE: HELP, Insurance Quotes South Florida

Guys, its really simple - its our fault.

No, really.

How many people do you know who had a boat when a storm was coming and left it on a lift?

Or tied it in a slip with inadequate room to move with the surge?

Or didn't bother to do anything at all?

All were destroyed, of course. And all of those people got paid.

I've not had any big increases in my boat insurance. And I live in Florida. I HAVE had to go shopping for different companies, and they have started imposing terms on me that mean a LOT to some people - but nothing to me, as they're things I'm already doing.

Example - the "must have trailer and haul for storms" deal. So? I have a lift behind my house. I also have a trailer. Guess where the boat is when there's a storm coming? On the trailer, chained to the trailer, with the trailer chained to big lead anchors I sunk in the driveway!

Is that going anywhere? Nope. Do I mind a clause demanding that I do this? Not a bit.

For my former big boat I was required to file a named-storm plan with them. If I did not adhere to it, they could deny my claim. They had the right to review and either approve or disapprove it. "Get in truck and drive to Atlanta" does not qualify as an acceptable plan.

Everyone wants to gripe about having to have a trailer and be able to get a 26 or 30 footer out of the water when named storms come. I say "AND?" The best odds for riding one of those out are OUT OF THE WATER.

Not practical for a 45 footer, but it sure as heck is for a 25 or 30 foot boat.

I'm tired of paying for people's losses who, at the first sign of a storm, jump in theri car and drive to Atlanta, leaving their home and boat completely unprotected - and they expect the insurance company to pay them when they do that.
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Old 08-21-2006, 12:16 PM
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Default Re: HELP, Insurance Quotes South Florida

thataway - 8/19/2006 12:31 AM

Boats value over 100K or over 30 foot in length are having problems getting insurance in S. Florida and Gulf Coast. I ended up insuring for a bit less than the cost of the boat with Progressive. You won't get it thru USAA (They just doubled my house insurance). You might try International Marine Insurance Services in MD; Al Golden. He does a number of larger boats up and down the East Coast. I could have gotten exactly what I had asked for at 3x the cost. (and I trailer my boat out of the area during any named storm)! It is hurting the industry!
That is because people generally won't haul the boat, and leave it to weather the storm at the dock. The smaller boats are mostly trailerable, and with a bit of effort the owner can get them up out of harms way. I got bashed over on boatered after Katrina for complaining about people who buy boats and then don't have a hurricane plan to get them out of the water.

Don't forget that insurance companies are a business, with stockholders who expect decent dividends paid into their IRAs and 401Ks also. Personally, I want low insurance costs, and high dividends, but I'm astute enough to know that for the most part they are mutually exclusive.

The easy way out for the insurance companies is to quit writing the coverage in certain areas. If state laws won't let them do that, then the prices go up to cover the astronomical costs. In the long run, the stockholders won't accept crappy dividends more than a few quarters before bailing and leaving the insurance company in worse shape (financially). The politicians know this difficult equation well, and although they huff and puff in public about how they are going to take care of the folks, in the end, they would rather have a healthy insurance company working their district, rather than none at all...so they balance the equation as best as they can with the laws they write.


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Old 08-21-2006, 12:31 PM
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Default Re: HELP, Insurance Quotes South Florida

Doeboy - thanks for letting me know. God luck with whatever you decide
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Old 08-21-2006, 12:34 PM
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Dsaltydog - 8/19/2006 7:01 PM

Thanks for the suggestions. I will follow up. Trailering a boat out of the path is a pipe dream and irresponsible. Track any storm in the last ten years on the (weather underground), and see how predictable a storm is, a joke. Great idea secure you vessel at the risk of your families life safety provisions, and accommodations! BRAIN DEAD POLICY UNDERWRITERS, avoiding the issue. Unfortunately for all of us, irrespective of the demographic local, we are all going to be faced with the issue...
I don't believe any insurance company is asking you to move it out of the path...but get it out of the water where most of the loss occurs. Yes, boats on trailers do get damaged, but the incidence and costs are lower.

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