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Promised Rant: State Farm Boat Insurance

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Promised Rant: State Farm Boat Insurance

Old 10-17-2007, 12:47 PM
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Default Promised Rant: State Farm Boat Insurance

Okay, I've been waiting to see if State Farm would step up and do the right thing before I posted this, but it looks like my "good neighbor" has kicked me out of the 'hood or at least plans to!

Despite numerous assurances by my local agent that State Farm would renew my insurance on my 58' while it was still in FL where I purchased it, they canceled it back in July. My agent then told me that as long as the boat was en route to TN, the insurance would be renewed. As I was making preparations to move the boat back to TN, I was then told my insurance would not be renewed until the boat was actually back in TN. Once the boat was in TN, I was told my policy would not be renewed because of two claims being filed within the previous year. Lots of back and forth BS after that with me, my agent, and State Farm, so I filed a complaint with the TN Dept of Insurance three weeks ago.

It would seem now that State Farm has taken to mind reading as a basis for not issuing insurance. After several back and forth conversations between my agent (who is going to the mat for me), it seems State Farm's primary concern is that I plan to take my boat back to Florida and that I never had any intention of bringing the boat back from there in the first place! DUH!!!!

My agent and I are still awaiting an official written response from State Farm, but he says they are still refusing to renew my policy. I had suggested to my agent that he ask State Farm a question which I posed to him. "What will you tell me if I come into your office in a month or two and need insurance after I have purchased a 58' Sea Ray which is located in my marina where it will continue to remain?" He said he didn't know, but would ask State Farm.

State Farm's response was, "We consider each boat on an individual basis." So what is this all about? Me, my particular boat, previoius claims, or fear of where I may take my boat?

I've had home, auto, and boat insurance with State Farm for over 30 years and have had only one previous claim on a boat policy, that for a stolen prop. Funny thing, I have my 41' insured with them as well. I wonder if they will cancel that policy for fear I'll take it to Florida?
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Old 10-17-2007, 12:56 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Time for a change...

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Old 10-17-2007, 01:00 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Yep, but it's not that easy where my two Hatts are concerned, especially the 58.

Many insurance companies will not insure boats over 50 feet or older than 30 years. Mine loses on both counts. I would love to tell State Farm where to stick their insurance, but I have to be realistic.

Are there any other insurance companies out there who could let me put everything under one roof as I've done with State Farm for so many years? I get significant discounts by having multiple policies with them.
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Old 10-17-2007, 02:28 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Lloyds of London
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Old 10-17-2007, 02:33 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Travelers
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Old 10-17-2007, 02:34 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Yeah, Lloyd's of London = tons of money.

Maybe I should get a bunch of other owners of these boats together and form Bubbas of Birmingham.
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Old 10-17-2007, 03:40 PM
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Default Re: Promised Rant: State Farm Boat Insurance

SF probably monitors the HOF and read your voyage from hell! lol. I dumped SF last year for my auto and home policies. I can't tell you how good that felt.
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Old 10-17-2007, 05:34 PM
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captddis - 10/17/2007 6:40 PM

SF probably monitors the HOF and read your voyage from hell! lol. I dumped SF last year for my auto and home policies. I can't tell you how good that felt.
Hell, if SF has any doubts about my intentions or chain of events in FL, they should read my posts on HOF for sure!

I never knew I was compiling an evidence file when I was hanging out with you boys.
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Old 10-17-2007, 05:52 PM
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Default RE: Promised Rant: State Farm Boat Insurance

I for the life of me cant understand how anyone would use state farm, allstate to insure anything as they have screwed so many people on thier homeowners policies (coastal) allstate is now writing boat policies in fla. they cancell homeowners but still want to write cars, mororcycles, boats, buisness,etc, i say no cherry picking, in dont care how long you have had either co, if they screwed you on homeowners do not give them your other buisness, i have had allstate since 1978, and after hearing all the horror stories iwill not give them another fn dime, they suck and so does state farm, man i feel better
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Old 10-17-2007, 06:13 PM
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Default RE: Promised Rant: State Farm Boat Insurance

Call this guy;


Tom Stewart
Tom Stewart Insurance Company
800 324.8577

I went with INAMAR slightly less and Bahama coverage and this fella Knows botas and is a forum brutha.
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Old 10-17-2007, 06:18 PM
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never2rough - 10/16/2007 8:52 PM

I for the life of me cant understand how anyone would use state farm, allstate to insure anything as they have screwed so many people on thier homeowners policies (coastal) allstate is now writing boat policies in fla. they cancell homeowners but still want to write cars, mororcycles, boats, buisness,etc, i say no cherry picking, in dont care how long you have had either co, if they screwed you on homeowners do not give them your other buisness, i have had allstate since 1978, and after hearing all the horror stories iwill not give them another fn dime, they suck and so does state farm, man i feel better
I've always felt that if a casualty insurance company wants to do business in a state -- any state -- they should have to write ALL lines. I just read that a company (State Farm?) is not renewing homeowners policies on Long Island (NY) -- on houses that are 12 miles from the shore and in a place where no hurricanes have hit in over 50 years. Absurd.
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Old 10-17-2007, 06:44 PM
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Default RE: Promised Rant: State Farm Boat Insurance

Heck, we have not had a hurricane here since 1921. NO ONE wants to write policies here!
I agree if the insurance companies want to do business in FL, they need to do ALL lines.
When my boat policies tripled, I called BUS to ask why. Their response was that I was in FL. I told them that if I had left the boat in the Chesapeake, they would have a claim fron Isabel. I saved them from a claim by moving it to FL. They did not see it my way.
SF kept raising my home owners even though they had zero hurricane liability with my home as I had windstorm with Citizens. When my father was killed in a plane crash, his SF agent sent me a sympathy card then a cancellation notice because the house was empty!! Good neighbor my A$$. Not to mention that SF created SF of Florida. That means if the big one comes they will declare insolvency and let the feds take over. What a racket! And it is legal.
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Old 10-17-2007, 06:52 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Man while reading this I am watching the commercial with the deep talking guy from all state asking if I am in good hands???? I absolutely hate insurance companies. Like I have said before. The only reason I have it is because I have to....They are thieves, crooks and pirates, all rolled into one. Bastard s..
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Old 10-18-2007, 09:26 AM
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Default Re: Promised Rant: State Farm Boat Insurance

Does anyone have suggestions as to who to change insurance to in Florida if you live near the coast? I have SF for everything except wind, which is Citizens. I absolutely deplore SF because as an attorney, I see what they do to their own insureds. I had a homeowners claim. They gave me $2,000 and a ton of attitude. I had to sue them. 2 years later they settled for close to $30,000. Scumbags.

Not all insurance companies are scum. Really, it's mostly the big ones that are the worst mixed in with some real nasty little ones. The medium ones are typically not as bad.
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Old 10-18-2007, 10:07 AM
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Default Re: Promised Rant: State Farm Boat Insurance

If you're eligible for USAA, they're the best I've ever used. For auto, you just drop your car off at the body shop and tell them you have USAA and never have to deal with it. For homeowners, we've had a couple of water damage claims (one from an overflowing washer and one from a plugged main sewer line) and both times we had an adjuster here within a day and a check for more than enough within a week. They aren't always the cheapest but I get a dividend check every year around Christmas that is anywhere from 5% - 25% of my auto policy and although they'll raise your rates if you make a large claim, it's only temporary and you don't have to worry about being dropped.
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Old 10-18-2007, 04:51 PM
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Default Re: Promised Rant: State Farm Boat Insurance

I went with USAA for my waterfront home and vehicles. Still have windstorm through Citizens. USAA will not write windstorm in FL.
USAA would not write the umbrella on my boats. Had to go to Auto Owners for a umbrella, then AutoOwners made me pay them extra for homeowners liability even though I have it with USAA. Every time I deal with Insurance companies my head hurts!!!
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Old 10-18-2007, 05:04 PM
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Default Re: Promised Rant: State Farm Boat Insurance

Be grateful it's your head that hurts and not something else.
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Old 10-18-2007, 07:31 PM
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TN FREEBIRD - 10/18/2007 8:04 PM

Be grateful it's your head that hurts and not something else.
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Old 10-19-2007, 04:29 AM
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Default Re: Promised Rant: State Farm Boat Insurance

Go to Google and check out some of the crap they pulled on people down here who lost everything in Katrina.......then you won't have to think twice about NEVER giving them another penny.
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Old 10-19-2007, 04:44 AM
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TN FREEBIRD - 10/18/2007 5:04 PM

Be grateful it's your head that hurts and not something else.



THAT has hurt so long that it seems normal and constant, at least the headache goes away!
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