Insurance questions...

DouglasMB

New Member
Apr 22, 2012
131
Eastern NC
Boat Info
1981 sea ray 255 amberjack
Engines
2 185 mercruiser
I am launching my boat on Sat. and I have yet to find an insurance company. My local group who I use for everything else has a policy but even the broker told me I would be better off going with a group that deals mainly in marine insurance.

So... can anyone shoot me some ideas? I would love a group that has some great perks, like free towing, and stuff like that. I know it will cost a little more but i am not worried about that. i just want it covered just in case. So what companies should i stay away from and what are good groups to work with. Any help would be great.

And thank you.
 
BoatUS required a survey
NBOA only uses Progressive for boats over 20 years old and they were twice as much $$$
I went to the Geico site and was able to customize my coverage. Seemed to be the best option for me
As far as towing, I will stick with BoatUs until the end of July, we're switching to Sea Tow...seems to be a lot more presence where we're slipped
 
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Find which of the towing services operates in your area, and pay for their unlimited towing option. The insurance towing usually has limits, and they are low if you travel more than an hour from home port and break down. I have seatow, and theyve been great the two times Ive needed them. Well worth the $180 or whatever it is a year. Then as far as insurance, try great lakes or boat us. I have boat us currently.
 
SeaInsure from Seatow. I am a SeaTow Member.

I had Travellers and just switched to SeaInsure as they rate was 100 dollars less and included haul out coverage.
 
I am launching my boat on Sat. and I have yet to find an insurance company. My local group who I use for everything else has a policy but even the broker told me I would be better off going with a group that deals mainly in marine insurance.

So... can anyone shoot me some ideas? I would love a group that has some great perks, like free towing, and stuff like that. I know it will cost a little more but i am not worried about that. i just want it covered just in case. So what companies should i stay away from and what are good groups to work with. Any help would be great.

And thank you.

I have BoatUS and they were very competitive on thr premium, but more important, when I had a major claim they were great to deal with. One phone call and my adjuster took care of everything to my satisfaction.

Good luck
 
I was with SeaWorthy (GEICO) until this week. I went through an insurance broker in Seattle and he got me better insurance and they don't "stack" the deductables. I am now insured with Lloyds of London through Premier Marine Insurance Managers Group (West) Inc.

Robinson-Maurer-Welts

Chris (206) 269-5200
 
ok I am not sure if this is good or bad... so i will just throw it out there... they are telling me that i need to agree that my boat is only worth 8,000.00 and my insurance will be 354.00 a year plus 77.50 a year extra if i want unlimited towing which is for gas to or anything like that. does that sound about right? oh yeah and a 500.00 vanishing deductable that reduces by 25% each year I do not make a claim.
 
I pay $60 a month for the season and $30 a month off season for coverage. I have an agreed cash value of $13,000. No survey needed. Also have a 250 deductable, uninsured boater, and unlimited towing. My coverage is through Progressive as a USAA customer.
 
its the red boats... not seatow but Boat Tow or something like that she said
 
its the red boats... not seatow but Boat Tow or something like that she said

BoatUS is the red boats. I'd check your area and see who has more presence. We have BoatUS right now, but Sea Tow is everywhere I look where we are, so we're going to switch when our membership runs out in July
 
I looked my boat up on the nada thing online... it say's value is close to 16k but average going rate is 7-8k but the info is limited due to limited selling history? so I assume the insurance is going off the 7-8k number?
 
My insurance is based on "agreed" price. I just increased it from 25K to 30K based on all the stuff I have added. That isn't really the blue book value..

Geico allows up to 10k for personal effects. That is outside of the agreed value. Would that include electronics?
 
If you have agreed upon value it would be what ever you and the insurance compay agree on as long as not over the NADA price if you do not have the agreed upon value it would be at fair market value when I first got my boat it was over $300000 on the NADA so thats what they were going to insure it for but it was way to expensive and I dodnt pay that much so I wanted to insure it for what I owed on it they told me they could go no lower then the low number on the NADA so we agreed on the number which was 100,000 more then I paid so if somthing happened I could replace it
 

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