Insurance For Dingy

Discussion in 'General Discussion' started by midexp, Mar 22, 2019.

  1. midexp

    midexp Active Member

    Oct 5, 2016
    Harrison Township, Michigan Lake St.Clair
    1999 40' Sundancer
    454 merc
    Just bought new dingy. With the motor, I got about 4 grand into it. Called my insurance company and they want $90 per year to insure. This seems high? Just wondering how many get separate insurance policies on their dingy's? I'm sure it happens, but I've never heard about a dingy getting stolen, which would be the main reason for insurance.
  2. TNT8808

    TNT8808 Active Member PLATINUM Sponsor

    May 25, 2016
    West Michigan
    2008 48 Sundancer
    Cummins QSC 8.3's
    Avon Seasport 340
    40 HP Yamaha
    Ours is covered under our yacht policy with the big boat. However, we've had separate policies in the past for other watercraft (dinghy, pwc's, etc, and theft was probably second to liability.
  3. MonacoMike

    MonacoMike Well-Known Member PLATINUM Sponsor

    Sep 15, 2009
    Indiana lakes and Lake Michigan
    2000 Cruisers 3870
    8.2 Mercs
    85 Sea Ray Monaco 197
    260hp Alpha 1
    Mine is covered on the yacht policy with specific limit amount.

  4. Jeremygavin

    Jeremygavin Well-Known Member SILVER Sponsor

    Mar 6, 2012
    Cape Cod, MA
    2011 520 Sedan Bridge
    2016 Sea Ray 19 SPX OB
    2019 Walker Bay Generation 340
    Cummins QSM11s
    Mercury 150 Fourstroke
    Honda 40hp
    Mine would be covered under my yacht policy but my agent warned that once we used it for water sports or exploring and not just getting back and forth from the boat that it might no longer be considered a dingy and if something happened during this time (liability wise) it may not be covered so I elected to get a separate policy for it.
  5. Gofirstclass

    Gofirstclass Well-Known Member

    Apr 20, 2010
    Tri Cities, WA
    1995 550 Sedan Bridge,
    2010 Boston Whaler 130 Super Sport,
    1981 Boston Whaler 130 Sport,
    CAT 3406C's, 580hp.
    Our Whaler is covered separately because we use it as a boat more than just as a dinghy. It and the motor are worth about $10K plus another $2K for the trailer and I just renewed the policy for $244.
  6. carterchapman

    carterchapman Well-Known Member TECHNICAL Contributor SILVER Sponsor

    Mar 25, 2008
    Lake Chickamauga/Marietta, GA/Ft. Myers, FL
    2006 Sea Ray 58 DB
    MAN CRM V8-900s, Twin Disc Drives; Onan 21.5 Generator
    My waverunner is $100 per year, the dingy is covered under our yacht policy like others have said...
  7. midexp

    midexp Active Member

    Oct 5, 2016
    Harrison Township, Michigan Lake St.Clair
    1999 40' Sundancer
    454 merc
    Thanks all. I have United Marine Underwriters for insurance and they never indicated it would be covered under my 400 DA policy
  8. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Marquis 59
    MTU Series 60
    Mine is on the yacht policy, forget the amount but around the prices mentioned.

    A friend had his stolen while down in the keys. He was on his boat at the time, dinghy was in the water tied to the boat. Boat lines were cut.
  9. Havana Shamrock

    Havana Shamrock Well-Known Member SILVER Sponsor GOLD Sponsor

    Sep 9, 2008
    Long Island. N.Y.
    2005 500DB
    Furuno Tztouch2 12” MFD x2
    Furuno NXT radar
    Furuno Navpilot
    Honda 30HP
    Sea Doo 90 HP H.O.
    2018 sea doo spark $200 year its worth $8k our dinghy is covered under yacht policy and is worth $10k and it’s almost $200 more on our policy I think the $90 is accurate
  10. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    tiara in the snow 01.JPG Yacht policy covers our dingy.
  11. hynespa

    hynespa Active Member SILVER Sponsor

    Jun 7, 2010
    Marina Del Rey, CA
    2005 420 Sundancer
    T-VD-8.1 S HO MerCruiser (T-420 hp)
    @midexp - my policy on my boat has the following language covering the dinghy (and I wondered the same thing when I bought the dinghy):


    F.“Dinghy” means a boat not to exceed 15’ length overall, including an outboard motor that does not exceed 40 horsepower, if so equipped. The maximum coverage for any “dinghy” and its outboard is $15,000. The “dinghy” must be primarily used as the tender to an “insured boat” listed on the Declarations Page.

    2. Coverage Provided If an amount is shown for this coverage on the Declarations Page, “we” will cover an “insured boat” including its hull, machinery, outboard motors, sails, spars and furniture. “We” also cover “boating equipment” as well as a “dinghy” and computer hardware and software up to a maximum limit of $2,500.

    (2) Repairs for Partial Loss In the event of damage to a “dinghy” with cost of repair exceeding the “actual cash value” of the “dinghy,” the most “we” will pay is the “actual cash value” as determined by industry reference materials including, but not limited to, the N.A.D.A. book, the BUC Used Price Guide, and ABOS Marine Blue Book.


    That is an excerpt from the 13 page policy document. The language is a bit confusing - I interpret that my dinghy will be covered up to $15,000 - but then not exactly sure when the other paragraph seems to offhand mention covering a dinghy up to $2,500 what exactly they are referring to .... I guess next time I have a question for next time I talk to my insurance agent ....
  12. mratlndmrk

    mratlndmrk Member SILVER Sponsor

    Mar 5, 2018
    Newburyport, MA
    2003 Sea Ray 380
    Merc 8.1s
    ZF 6.3 V Drives
    Westerbeke 7.0 BCGB Genset
    Check your homeowners policy. The most basic policy covers watercraft for $1000 but most have enhanced amounts of coverage up to $5000. Not a lot but it's something and is not subject to deductible under the policy. More importantly is the liability coverage which is included up to 25HP. Over 25 HP you just have to add and endorsement to get the liability coverage.
  13. midexp

    midexp Active Member

    Oct 5, 2016
    Harrison Township, Michigan Lake St.Clair
    1999 40' Sundancer
    454 merc
    Thanks to all!
  14. Ezsteps

    Ezsteps Well-Known Member PLATINUM Sponsor

    Nov 14, 2015
    Lake St. Clair-- Michigan (MacRay Harbor)
    1999 400 Sundancer, YL310 Zodiac
    7.4 Mercuisers Horizons 380 hp ea., 9.9 hp Mercury
    Our's is covered under the Yacht policy also.

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