Author Topic: Insurance  (Read 6011 times)

Davw Wright

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Insurance
« on: July 07, 2008, 02:08:42 PM »
Insurance comes up at least once a year.  My bill just arrived today. It's a "Boat U.S. Boat Saver" policy.  125 bucks per year.  details attached:




Offline tolman_paul

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Re: Insurance
« Reply #1 on: July 07, 2008, 02:59:20 PM »
The only insurer I found was Progressive via USAA, $420 for the year.  When I did an online estimate for progressive it was over $500.

Most places wouldn't insure a homebuilt or wood boat, and others would only insure it if I had my automobiles insured through them.


Davw Wright

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Re: Insurance
« Reply #2 on: July 07, 2008, 03:26:56 PM »
That's why I posted the "declarations page" Paul.  You can see that they have the boat listed as "Homemade."  I told them it was wood.  They classify all home built boats as "Homemade" irrespective of materials. Boat insurance is often a can of worms, but I've found Boat U.S. to be the best for a low cost insurance package - at least they have been OK for me for the past three years -who knows what the future will bring.  $300,000 liability isn't much these days, so I keep that figure in mind when I'm operating the boat and try to be as safe as possible.  I haven't asked Boat U.S. for quotes for higher coverage.

I used to have high praise for Progressive and I had good low cost insurance from them on previous boats, but I put them on my permanent shit list when they finally told me one of my boats was "too old" to insure.  I think Progressive may no longer insure wood boats too.  When I sold one boat I referred the purchaser to Progressive; he came back to tell me that they quoted him a price seven times what I was paying for the same coverage on the same boat.

Insurers never completely reveal the details of who they'll insure and for how much.  It's probably some rating system that they feel suits their purposes; most likely credit score plus whatever other info they can dig up on a person.  If they think you don't really need insurance they're very happy to sell you some.

Dave Wright 

Offline walknbob

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Re: Insurance
« Reply #3 on: July 07, 2008, 03:46:19 PM »
Insurance comes up at least once a year.  My bill just arrived today. It's a "Boat U.S. Boat Saver" policy. 

I have tried to get a quote from them but as you go through the application form when it comes to state there is no Alaska option.  So I don't know if this means there is no coverage here or if it is an oversite. At any rate you can't complete the form unless you fill in that field. I emailed the webmaster and called and left a message but have never got a reply.
WalknBob aka Bob Southwick - Depoe Bay OR

Offline jim shula

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Re: Insurance
« Reply #4 on: July 07, 2008, 05:07:07 PM »
I have Progressive as well, and when I was looking around for an insurer, they were one of the only one (maybe the only one?) that didn't want a survey done.  I asked them why, and they said they based boat insurance on a person's driving record.  I guess a clean driving record means you are a good risk for boat insurance, too.

Offline GlacierBoats

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Re: Insurance
« Reply #5 on: July 07, 2008, 05:52:19 PM »
Insurance comes up at least once a year.  My bill just arrived today. It's a "Boat U.S. Boat Saver" policy.

I have tried to get a quote from them but as you go through the application form when it comes to state there is no Alaska option.  So I don't know if this means there is no coverage here or if it is an oversite. At any rate you can't complete the form unless you fill in that field. I emailed the webmaster and called and left a message but have never got a reply.

Or those damn crab fishing videos on PBS screwed the pooch when it comes to what they imagine boating in Alaska to be like... and now won't offer insurance!

bd

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Offline AlasKen

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Re: Insurance
« Reply #6 on: July 07, 2008, 11:52:07 PM »
Insurance comes up at least once a year.  My bill just arrived today. It's a "Boat U.S. Boat Saver" policy. 

I have tried to get a quote from them but as you go through the application form when it comes to state there is no Alaska option.  So I don't know if this means there is no coverage here or if it is an oversite. At any rate you can't complete the form unless you fill in that field. I emailed the webmaster and called and left a message but have never got a reply.

I emailed and was told the do not write insurance in Alaska.
Kenneth Dodson
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