Insurance recommendations for new boat

Discussion in 'General Discussion' started by marks737, Jun 23, 2018.

  1. marks737

    marks737 Member

    Sep 15, 2009
    2005 390 Sundancer
    Cummins QSB 5.9
    In the process of purchasing a 2005 390 Sundancer. Looking for input or recommendations on Insurance companies. Thanks!
  2. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    I use the cooperators
  3. Banagy

    Banagy Member

    Nov 13, 2006
    Bay Port,MI
    2005 Sun Deck with Lowrance HDS 7 Touch Gen 2 GPS fish finder and Navman radio Bennett Trim Tabs.
    5.0 with Alpha 1 drive
  4. bbwhitejr

    bbwhitejr Well-Known Member SILVER Sponsor

    Apr 14, 2013
    Lake Lanier GA
    2007 44DB
    Cummins QSC 8.3s
    Shop around. I just lowered mine $475/year with NBOA.

  5. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I shopped around and got the best price from NBOA.
    That doesn’t necessarily mean that they will get everyone the best price. Premiums for different companies vary by vessel location, size, brand, type, year, etc., and experience of operator.
    Check with as many places as possible. Boat US, NBOA, and local brokers who specialize in Marine Insurance are good places to start.
    It pays to make multiple calls.
  6. 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.
    Give up on shopping for price only. Get a "Yacht Policy", not a "Boat Policy" and buy it from a yacht insurance broker. Ask him to explain the differences. It's worth your time to listen carefully to him. You will not be sorry if you have a problem in the future and need his help.
    Jaybeaux and JVM225 like this.
  7. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Good advice that I should have included. Be very careful about putting the boat with a traditional broker or company. My State Farm broker tries to get me to switch every year. They hammer me on the Umbrella Policy because I’ve got policies with othe companies. Never going to happen.
    I’ve got a yacht policy for the boat and the toys in the garage are with a specialty collector car company. All have agreed values.
  8. strange weather

    strange weather Member SILVER Sponsor

    Sep 4, 2010
    Lake Mead
    320 Sundancer 2005,Raymarine C80 GPS SmartCraft System w/Auto Pilot 5kw Kohler Generator
    T-VD 350 Magnum MPI Horizon
    Ditto on the Yacht Policy-much more comprehensive coverage that is related to a boat like yours-will even insure your dingy at no charge-check it out-I'm insured with Chubb
  9. dwna1a

    dwna1a Well-Known Member PLATINUM Sponsor

    Apr 23, 2012
    James River
    88 Weekender 300 "Seahorse"
    Twins 350
    JVM, how would I go about finding yacht or boating insurance? I am with StateFarm at this time but I do want better.

    Marks, thank you for this post / question
  10. JimT

    JimT Well-Known Member SILVER Sponsor

    Jul 7, 2009
    Charlotte, NC- LKN
    2010 330 Sundancer
    T-350mags w/BIIIs & Axius, 5.0 kw Kohler
    Call NBOA.
  11. Todd320

    Todd320 Active Member SILVER Sponsor

    Jul 21, 2016
    St. Petersburg, FL
    2007 Sea Ray 320DA
    Twin V-drive 5.7L 350 Horizon
    I have geico, but I’m going to look into NBOA after reading this thread. Thanks!
  12. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Call NBOA and Boat US. Although both are actually just brokers, they will set you up with quotes for the proper policy with agreed value.
    Also, ask around the docks for the names of independent marine insurance brokers in your area or look in local fishing magazines or newspapers. Marine insurance brokers advertise in those publications around here.
    I’ve found that just because one source might be cheaper for a friend or dock neighbor in your area doesn’t necessarily mean that the same will be true for you and your boat.
    Prices can vary widely from boat to boat and owner to owner.
    Examples: An independent broker was cheaper for my old boat than either NBOA or Boat US.
    Boat US is cheaper than NBOA for my kids 18’ Bowrider, but NBOA is cheaper than either Boat US or the local independent broker for my 410 by a lot.
  13. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    I've been told that your credit score, in addition to your claims history and driving record, has a big impact on what you pay for insurance. So, in addition to other good advice given above, pay your bills on time.
  14. Jaybeaux

    Jaybeaux Active Member SILVER Sponsor

    Jan 3, 2016
    Upper Potomac River
    420 Sundancer 2004
    Naught On Call
    Cummins 6CTA-8.3's with V-Drives
    9KW Onan Genset
    Here is an article I ran across when considering buying our 420. I believe it came from a Bayliner Forum...


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