Need Insurance
 

I've finished the first phase of the refurb project on my boat and now need insurance. Can anyone recommend an insurance company that will look at a recent survey and not the age of the boat and provide coverage? The company providing my auto and homeowners coverage just said no. Thanks Dink

Re: Need Insurance
 

Did you look at progressive?

Re: Need Insurance
 

Where are they located?

Re: Need Insurance
 

Progressive.com, they quoted my 1969 for an agreed amount basis, no survey was required (has been insured for 3 months so far). Input the data over the internet and paid via credit card on the internet, 15 minutes after I started the coverage was bound and paid for.

JW

Re: Need Insurance
 

You Got Mail
FellowShip

Re: Need Insurance
 

Rich,
Progressive doesn't insure boats in MA, but if you're keeping the boat in RI, they insure there. However, I don't know how boat insurance works when you live in 1 state and keep it in another.

Re: Need Insurance
 

Hey Dink-

Call Marie Hayward at Admiralty Marine Insurance in Winchester at 781-721-5500. She provides insurance to most of the boat dealers in the area. The best part is that boat insurance is all she does (no cars, homes, etc) and she can provide the same amount of coverage that BOAT US does and easily beat their rates.

-Ed-

Re: Need Insurance
 

Guys
I found someone who will write for me today. Thanks for the help. Dink

Re: Need Insurance
 

I said it once before in an old link - it is a such a PITA to get insurance for our boats because most of them are older ( although many in better than new condition ).

Because a boat is a mid 70's boat, it is automatically judged as a less valuable boat than many, cheesy, POS, new boats.

We should, as a group of several hundred owners of the same boat - give or take, use our purchase power to persuade an insurance company that we, as a collective, are a good risk and have very valuable, market-value-holding boats. AND, that the typical SeaCraft owner is an above average boater and in most cases 'saltier', and less prone to careless accidents than your average new boat owner ( who has less water time by years, if not decades ). Therefore, a better risk.

Can anyone take this idea to the next level ? A family or friend in the biz ?

Just an idea.

Re: Need Insurance
 

I agree with the difficulty in getting insurance. I insure mine on a "surveyed value" basis with State Farm as a rider on my auto insurance. Bad part of this is I have to re-survey every 5 years. Like a SeaCraft is gonna decrease in value. huh.

Re: Need Insurance
 

Well, since that is what I do for a living, and am truly impressed with Seacraft and now an owner, I might just work on this as a winter project. I would like to put it together now, but just prime season and will not have the R & D time. Biggest concern, and I am sorry to my southern brothers, but Southern Fl each day is getting harder and harder to insure boats there. If you are a seatow member or a Power-MotorYacht subscriber, you will see our adds.
Marks Marine Insurance web page

Re: Need Insurance
 

Since my transom redo and bracket install this year, I aslo had concerns reference the insurance. With all the damaging storms, theives and idiots out on the water, I wanted to make sure my improvements would be covered.

I just ordered a survey from "Price Marine Services" in Hobe Sound. They were very professional and did a complete survey of all my improvements. Cost $12 @ foot ($276)

I then sent the survey report to State Farm (my insurance carrier)and they will insure the 1978 SeaCraft for the "Market Value" not the "Replacement Value" of the boat.

Based on this recent survey, the yearly premium cost almost doubled [img]/images/graemlins/mad.gif[/img] but the insured valve doubled also
[img]/images/graemlins/smile.gif[/img]

Re: Need Insurance
 

I will tell you that the Boat US insurance underwriters are a bunch of idiots ! I was told that I would need a survey of my boat to get the value of it insured. I did this and got an estimated value of $28K.

When I re-contacted them w/ the survey, they said that the boat could not be surveyed fot it value, only for liability because the boat had not been insured for over a year ( while I was doing a refit !!!) I tried to reason with them, but it was really like talking to someone dead from the neck up - I even tried the manager - he was also an idiot. Even if I could, I would not do business w/ them.