Insurance for the old boat

[Fr. Frank]

Boat US, 1971 20' Seafari:
Full coverage with Agreed Value of $8250 boat & motor (sterndrive), plus $2500 boat contents (fishing & safety equipment, electronics), and $750 trailer value. Survey required. (A friend who is a Marine Surveyor did this for me in return for a blackened redfish dinner). They told me the max coverage without survey is now $5,000 hull value

$300,000 Property damage/bodily injury,
$854,400 spill liability,
$5,000 medical payments limit per person each accident w/ 10 person limit per accident, $25,000 supplemental family member limit per person per accident,
$300,000 uninsured boater,
$500 deductible ($1000 named-storm deductible),
Unlimited Saltwater/Freshwater towing out to 25 nm offshore, including trailer towing coverage
Total premium $455 annually, ($428 when paid in full up front)

Coverage limits are to 75 nm offshore, except we specifically added as a rider inclusion of the Florida Middle Grounds to 100 nm offshore, for an additional $23. This rider therefore limits the ports of departure for the Middle Grounds to between the Suwanee River and John's Pass. (I can't just take off for the Middle Grounds from Destin - as if I had the range!)

She told me that Bahamas coverage cost is dependent on planned destinations and season for trip, but would probably cost from $35 to $100 per trip with a filed float plan required for coverage.

[Alienor]

Anyone have experience with the guys. Expensive.

[bigeasy1]

Originally Posted by Alienor

Anyone have experience with the guys. Expensive.

I decided that for Insurance, I'd go with Hagerty for my 41 year old Tsunami.Buddies of mine use them for their classic cars and have had good luck with them.

I got a quoted price of $298.00 which gives me $10,000.00 agreed coverage for the boat and liability of $300,000 per accident, $854,400 (coast guard.minimum) for fuel spills,$5,000 personal effects, $300,000 per accident uninsured boater, $5,000 medical payments per person,and $25,000 per family member.

Overall I thought this was a fair price.I think I will raise the personal effects however to 7,500 which will add a bit more but not all that much to the cost.There is a $100.00 deductible on personal effects.
I'd like to have double the agreed coverage,but this at least will give me halfway decent coverage for a very reasonable fee.

All they needed was some photos showing the condition of the boat,so I sent them a link to a photo bucket file, and that satisfied them.As mentioned,they are underwritten by Essentia insurance.

[DonV]

"I wouldn't use Progressive even if it was free.for the reasons you mentioned"

I'm with ya John, I'm going with Charter Lakes when my Progressive policy runs out May 23rd. The coverage is very similar and it's about $75 cheaper for both boats total. I just can't see giving my money to an outfit that politically I don't agree with. In my case the damn money is too hard to come by!!! They changed my limits to 75 miles on the SeaCraft no problems, nothing $$ extra and they also have the "diminishing deductible" for liability.