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Boat insurance?

Old 07-20-2015, 07:30 PM
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Default Boat insurance?

I have a 1973 17" Thunderbird bow rider with a 115hp Johnson out board I do not have insurance on it. I want to look into insurance but do not know where to start, what it may cost or know of any good companies to start with. Can anyone make some sugestion? Thanks I am in NY,LI

Last edited by woody367; 07-20-2015 at 08:13 PM.
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Old 07-20-2015, 07:39 PM
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what state are you in?
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Old 07-20-2015, 08:09 PM
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Do you own a home? If so, you may be able to have the boat added to your homeowners policy for short money. I did it with my last 3 boats. Had Lib. Mutual for my HO & auto and they'd add a boat up to $30K agreed value for a lot less than any of the marine insurers. Big benefit was getting the same high liability coverage as I had on the house. You could also check w/whoever insures your car or truck. My current boat is insured for more than $30K and I got the best deal from Boat US. Other members have said good things about Charter Lakes & Progressive.
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Old 07-20-2015, 09:04 PM
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Here is some priceless information for ANYONE that owns a boat; while Im sure a bunch of y'all are already aware of this but I'm certain there are plenty that do not. While insurance Is ALWAYS a good idea; there are limits on every policy that truthfully if God forbid something truly tragic happens will not cover nearly enough. Every time u leave the dock you are potentially putting ALL of your personal property and wealth at risk. However; if you were to create a company and incorporate ( could be something as simple as a hobbyist club - check with ur trusted lawyer ) the most u will ever put at risk is the assets of said company ( which will ONLY BE THE BOAT ITSELF!!! ) 99%+ OF the time because extremely difficult to pierce the corporate Vail. Your insurance will be the same or just a few bucks more due to the fact u will be a sole proprietorship - esp with a hobbyist club or what not. As far as the op's initial question - Charter Lakes, GEICO, Progressive, etc. Shop around to find what fits u best and best pricing buy pay close attention to fine print and exclusions etc.
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Old 07-21-2015, 07:04 AM
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I would start with whoever you have your home and auto insurance with.
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Old 07-21-2015, 07:08 AM
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ny and start there. Thank guys
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Old 07-21-2015, 07:26 AM
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The older it is, the harder to insure.
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Old 07-21-2015, 09:57 AM
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Be careful adding boat to a homeowners policy. You lose the medical payments coverage for an insured.
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Old 07-21-2015, 10:20 AM
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Liability only, the boat has virtually no value worth insuring.
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Old 07-21-2015, 04:41 PM
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I do not own a house or business, I will check with my auto insurance. Thank you
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Old 07-21-2015, 05:12 PM
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Originally Posted by Shag View Post
Be careful adding boat to a homeowners policy. You lose the medical payments coverage for an insured.
I should have clarified that Lib. Mutual gave me a separate boat policy but bc I had my HO ins. w/them, the liability amounts were the same high level as on the home but at a reduced premium. When current boat gets a few yrs. older, I'll likely go back to that policy.
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Old 07-21-2015, 05:34 PM
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Originally Posted by Cobia 217 View Post
I should have clarified that Lib. Mutual gave me a separate boat policy but bc I had my HO ins. w/them, the liability amounts were the same high level as on the home but at a reduced premium. When current boat gets a few yrs. older, I'll likely go back to that policy.
Gotcha. Some people just extend the liability from their homeowners and that's not all bad but they need to realize that medical paymets for insureds aren't covered like they are on most boat policies.
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Old 07-21-2015, 05:51 PM
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Originally Posted by Schmaltz~Herring View Post
Liability only, the boat has virtually no value worth insuring.
X2... Liability to protect your "other" assets.
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