[Scott]

I talked with our agent about this just yesterday (NJ). If you “wanted” you could only add up to a 20’ boat on the home policy, after that we would need a “Yacht” policy …anything over 20 feet. She said given the age of the hull, over 20 years, the underwriters would need to pre-approve the application. A “professional” survey report submitted to theses writers for approval of coverage of this vessel would be of great benefit in getting the appropriate coverage. Naturally an assessed value would need to be set appropriately ….

We have several “Marine Only” policy writers in NJ ( they are all over the country) …. I spoke with one of them this AM. With this one particular agent Any boat over 7 years would requires a survey by a SAMS or NAMS accredited surveyor. They assess a value, safety etc and set the limits. I would look into someone similar as you will get much more accurate info from them as this is what they do for a living …boat policies. I’m sure its more money ….. but you get what you pay for….I felt real comfortable talking with her as, in my case, she was very familiar and had worked a great deal with my surveyor that did pre-purchase hull inspection, she was familiar with the boat ….even made comments about it [img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/smirk.gif[/img] [img]/images/graemlins/cool.gif[/img]

The flip side …. Our regular agents ….. well don’t even ask what kind of questions I was fielding from them …i.e. What’s a center console ??? [img]/images/graemlins/confused.gif[/img]

As far as the homeowners thing …. A family member had coverage pulled when a claim was made against the policy for legitimate covered damages to the home (fire, Lightning strike ) …I cant imagine what they might do if you claimed loss on the boat …..Don’t know if that would be worth the risk

Like Fellowship says …..Its according to state and insurance carrier