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Boat insurance thread

Old 04-06-2009, 12:22 PM
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Default Boat insurance thread

Its that time of year again, state farm renewal boat insurance.

Who's competitive? Who should I shop?
Old 04-06-2009, 01:14 PM
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Progressive, Boat U.S., Charter Lakes, Allstate, Nationwide, GEICO
Old 04-06-2009, 01:48 PM
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Originally Posted by SoFlo Shark Hunter View Post
Its that time of year again, state farm renewal boat insurance.

Who's competitive? Who should I shop?
I am in FL. Called State Farm today and they wouldn't quote.

BTW, never a claim and a great credit rating.

Good Luck,
Aubrey
Old 04-06-2009, 02:28 PM
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If it is a trailerable boat, call Chad Branch at Charter Lakes in Jacksonville. He beat all my other quotes several years ago and I still use him today.
Old 04-06-2009, 08:49 PM
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My policy came due in March. I shopped six different companies and BoatUS Marine Insurance came in significantly lower than any of them. My existing carrier, Travelers, was the second cheapest at $525. BoatUS quoted $447 for identical coverage. I made the switch. I should add that the policy's cruising waters include US Atlantic coastal waters excluding Florida.
Old 04-07-2009, 02:57 AM
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Mine is listed on my homeowners insurance with Southern Farm Bureau. Seems like it ends up costing me about $300 a year but gear is actually covered by homeowners.

I do know I am limited to less than 50 miles offshore which is not a problem for me
Old 04-07-2009, 07:50 AM
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I just shoped and found Markel to have the best rates, do not know if they write in FL. They have a web site and write direct.
Old 04-08-2009, 11:54 AM
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Travelers does not write boat in fla.

Geico does not include THEFT.

Progessive does not include medical payments

waiting on boat us/
Old 04-08-2009, 12:30 PM
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Have question on aggreed upon Value.

Currently with Boat us who I have had since purchasing the boat. The agreed upon value with them is $80,000. Others will only agree on about $60,000. Boat US is about $500 more per year. How does everyone handle agreed upon value when switiching insurance companies
Old 04-08-2009, 12:41 PM
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Grabbed a card from Berks insurance at the Miami boat show. They mirrored Charter Lakes in coverage and premium. State farm, Erie, and Progressive were more for me anyway.. Looks like Charter Lakes this year
Old 04-08-2009, 01:30 PM
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Sounds like the " Good Neighbor " has turned into a BAD ONE!!!! Insurance Commissioner in Fl summed up best " we don't need them"
Old 04-08-2009, 01:36 PM
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Originally Posted by SoFlo Shark Hunter View Post
Progessive does not include medical payments

/
That is strange...I represent Progressive and sell Med Pay on ALL the boat policies I sell for them. Perhaps a double check is in order.
Old 04-13-2009, 06:25 AM
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signed with progressive 50% less than statefarm for MORE coverage. every line item is maxed out.


Yes over the phone progressive said no medical payment, i went to a agent and he took care of everything.

PROGRESSIVE !!!!!!!!!!!!!
Old 04-13-2009, 06:26 AM
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Originally Posted by jko2004 View Post
That is strange...I represent Progressive and sell Med Pay on ALL the boat policies I sell for them. Perhaps a double check is in order.

thanks cant trust those "agents" over the phone.
Old 05-20-2009, 10:02 AM
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Try Boat US I got my policy for almost 40% less than I was paying with Progressive, and with better coverage.

Boat US Quotes

Last edited by fishnutz; 05-20-2009 at 01:45 PM.
Old 05-20-2009, 01:29 PM
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I went thru USAA and found that they use Progressive. I like the coverages I could choose from and left off the Sea Tow because there aren't any in my area. I got t choose the value I wanted to insure the boat for and the premium adjusts according to that amount. I don't have to worry about depreciation, etc., or a fight with the adjuster about value. Hopefully I will never find out how it works. I found the premium very reasonable.
Mike
Old 05-20-2009, 02:09 PM
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Originally Posted by beenie View Post
I went thru USAA and found that they use Progressive. I like the coverages I could choose from and left off the Sea Tow because there aren't any in my area. I got t choose the value I wanted to insure the boat for and the premium adjusts according to that amount. I don't have to worry about depreciation, etc., or a fight with the adjuster about value. Hopefully I will never find out how it works. I found the premium very reasonable.
Mike
If they just let you pick the amount you want to insure it for I'd make sure that its agreed value. I have seen so many time that an insured thought that when they stated how much they wanted to insure it for would be what they get and that was not the case. Alot of times that is the figure they will pay up to minus depreciation. Usually for stated value they use some kind of Blue Book or proff from the insured in the form of a bill of sale.
Old 05-20-2009, 02:38 PM
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My progressive policy was written through USAA also, and it was not agreed value. My Boat US policy is, plus it provides $5k in coverage for the loss of my fishing gear on top of the boat.

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