boat insurance beware

dvx216

Well-Known Member
SILVER Sponsor
Feb 1, 2012
2,692
Catawaba Island/Orrville,Oh.
Boat Info
340 Sundancer 2001
Engines
8.1s 370 v drv.
Last year at this time I was buying our 310.So before even buying the boat I called my Allstate agent who insured my 230wk. to tell him what I was planing on buying to get an idea of the cost.When we found the current boat of our dreams I sent all the info to my agent and he said we were ready to go and was covered.About a month before bringing the boat home I get the insurance documents from Allstate .On the Doc sheet the boat was listed as a 290 instead of a 310 and the horse power was also wrong so I give the agent a call and told him that the info is wrong he said that it was no problem and he would get it changed.A couple days latter I gave him a called and he said he was waiting on a reply from Allstate that he would have every thing by the first of the week.So this pissed me off and I call Allstate and I find out that after I told them what was going on that he falsified my policy and that I would not be covered.Then they told me in the state of Ohio that any boat over 30 ft. and ten years of age needed a marine survey and thats why he listed it as a 290.I told them that I had the boat survey and I could send them the survey.I ask them when I would be covered after they received the survey and the couldn't give me a date so I went to called NBOA who took care of every thing with no problems.Guess who called me this week wondering if he could give me a better deal on my boat insurance needles to say I wasn't very nice to him on the phone to the point of him telling me he didn't have to listen to me talking to him like that and hung up on me.
 
IMHO everyone with a boat capable of overnighting on should buy their insurance through a yacht insurance broker (or a company like NBOA) and they should buy "yacht insurance" rather than "boat insurance".

If you have a boat insurance policy you should call you agent and have him explain to you the difference between the two types of coverage. If he can't explain the difference or doesn't know the difference its time to find an agent who does know the diff and can explain it in detail to you.

just sayin'
 
IMHO everyone with a boat capable of overnighting on should buy their insurance through a yacht insurance broker (or a company like NBOA) and they should buy "yacht insurance" rather than "boat insurance".

If you have a boat insurance policy you should call you agent and have him explain to you the difference between the two types of coverage. If he can't explain the difference or doesn't know the difference its time to find an agent who does know the diff and can explain it in detail to you.

just sayin'

+1 : The guys who specialize in boats seem to know it better. BTW I use both SkiSafe and GEICO to get the best rates for both my boats. It is definitely worth shopping around and not a one stop shop.

-Kevin
 
Yesterday I just switched my truck, house and boat insurance over to Amica. Saved $650 on the truck, $150 on the house and $140 on the boat. Added discounts for auto pay and paperless. Truck and house were with Commerce, boat was with NBOA. All policies are now effective on the same date and will auto pay on same day over 12 months. Convenient.
 
I don't know about Amica but be careful with the Geico policy. Make sure you read the insuring agreement. Any Geico policy I've ever read is written on an actual cash value basis (depreciated) rather than replacement cost. You won't be happy at claim time.
 
Yesterday I just switched my truck, house and boat insurance over to Amica. Saved $650 on the truck, $150 on the house and $140 on the boat. Added discounts for auto pay and paperless. Truck and house were with Commerce, boat was with NBOA. All policies are now effective on the same date and will auto pay on same day over 12 months. Convenient.
Hot, a couple of things: #1 go back and reread my post in #2 then ask your insurance man what kind of policy you have. #2, do you know what coverages you gave up or decreased to save those dollars?

I'm not an insurance man and have nothing to do with insurance except write the checks to them, but I've learned over the years that NO insurance company (or agent) is your best buddy. They're in it for themselves and if they saved you a ton of money you likely gave up some level of coverage to get those savings. That might not be the best thing if you have to file a claim.

Just sayin'
 
GFC. I spent an hour and half on the phone with all 3 policies in front of me going over each line item one at a time. In all but a few the coverages are the same with very minor changes that I was OK with. Amica is Mutual Insurance Company and therefore owned by the policy holders. Very highly rated in all regards. My local truck and homeowner agent has never been very helpful when I have had questions are needed any changes made. My boat policy agent has been very good and my main reason for making the change was to align the 3 policies with the same start dates and monthly payment schedules on auto pay.
 
Regular Insurance agents don’t generally understand boats or collector cars. This brain surgeon broker thought he could pass off a 290 for a 310 to save some money. Imagine the mess if there would have been a loss before the OP caught it.
That’s why I insure my boat through people who specialize in boats and my collector cars through a company that specializes in them.
The company that has the other cars in the household, house and umbrella policies isn’t happy about it and they make me send them copies of the declaration pages from the boats and “toy” cars every year and then charge me more for the umbrella to penalize me for not having everything with them.
The upside is that if I have a loss with my boat an adjuster who is squeezing me in between estimates on a late model Honda Accord and Toyota Corolla isn’t going to be estimating the damage on my boat. Same thing with my “toy” cars. The guy estimating fender damage on my 68 GTO is going to know it is way different than a late model Mazda.
Also, regular brokers don’t understand what an “Agreed Value” policy is and are likely to get you the wrong kind of policy.
Owners of boats and collector cars should insist on Agreed Value policies.
 

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