insurance

[MIKETTURBO]

which ins.co.has good coverage & rates.

[Pipe_Dream]

Mine is insured with BoatU.S. Stated-value policy. I believe they are competitive.

[macojoe]

I have been think of insuring mine for $10,000 or better then sinking it so I can buy a newer one!! ;) ;D

[Bygracealone]

Hopefully your insurance guy isn't a member of our forum ::)

[Pipe_Dream]

I had to show the insurance people receipts for all the work I had done in order to justify the value. Once I did that they insured it for the value I requested, which was no small amount I can assure you. I'll probably drop it down in a few years, but I just wanted to make sure my investment was covered. ;)

[C YENSEN]

I have been think of insuring mine for $10,000 or better then sinking it so I can buy a newer one!! *;) ;D

I think that is called fraud buddy :-X ;D

[macojoe]

Nope he isn't, cause I have no insurance!! Never have had any :-/

[macojoe]

I had to show the insurance people receipts for all the work I had done in order to justify the value. Once I did that they insured it for the value I requested, which was no small amount I can assure you. I'll probably drop it down in a few years, but I just wanted to make sure my investment was covered

So much for that Idea!! I have done all the work my self and have no receipts :'(

I think that is called fraud buddy

Only if you get caught ;)

[msbhammer]

Do what I do. Right off all your parts and repairs on your taxes as shipwreck reseach. ;)

[Bygracealone]

I'm no priest (Reformed Protestant through and through), but this thread is beginning to sound like a confession booth! :P

[randlemanboater]

I have Progressive Boat Ins. It is agreed value, $12500.00 for mine, they just ask you on the phone what its worth, and tow coverage too. Around $200 a year for all with the disappearing deductible. Goes down 25% each year you don't have a claim.

[phatdaddy]

same as RMB , progressive

i never had it until we started trailering to the keys. i don't worry on the water, its the interstate i sweat.

[sfprovyn]

A Lot of the Charter guys down here have Boat US and I have all three boats with them..Frank

[bradford]

"I don't like insurance, there's no risk in it."

Quoted from Burt Reynolds character in everyone's favorite "good ole boy" movie, Deliverence.

(cue dueling banjo music now)

8)

[reelapeelin]

I tacked mine onto my homeowners policy...

[parishht]

I am Amish, God will provide.















Just kidding, I have Progressive.

[parishht]

And you all probably think I am kidding,
well here I am driving the V:


http://i52.photobucket.com/albums/g18/parishht/meamishdriver2.jpg

[randlemanboater]

LMAO!!!

[Stillrunning]

I had to show the insurance people receipts for all the work I had done in order to justify the value. *Once I did that they insured it for the value I requested, which was no small amount I can assure you. *I'll probably drop it down in a few years, but I just wanted to make sure my investment was covered. * ;)
Just because you have a boat insured for a certain amount does not mean that they will pay that amount in a case of a total loss. You have to have a stated value for your boat and if you do not then they will pay up to the amount you have it insured. I have mine insured for like 8,500 and if its totaled they will determine the value which could be 6,500 and thats what I would receive. Just about all insurance Co. would require a survey to insure an older boat for stated value.

[Stillrunning]

I have Progressive Boat Ins. *It is agreed value, $12500.00 for mine, they just ask you on the phone what its worth, and tow coverage too. *Around $200 a year for all with the disappearing deductible. *Goes down 25% each year you don't have a claim.
Sorry to say this but I bet you do not have agreed value. I'm in the business and the insurance co would require more documentation for that coverage. If you ask I bet they will tell you that they will pay up to that amount depending on the boats value at the time of loss. This is a common mistake and I have even heard the sale agents make this mistake. You should give them a call or read the section of your policy talking about how a loss is settled.

[2ndchance]

I just insured mine today for 10,000 boat, motor, and trailer. The most important part is the liability part of the plan. Costing me 150 thru Farm Bureau.