BoatUS: Saved money on Insurance
-
- Posts: 719
- Joined: Fri Jan 15, 2016 11:19 pm
- Location: Queens NY
BoatUS: Saved money on Insurance
My marina requires boat insurance so I use BoatUS. I was going over my next year policy and I spotted a redundancy. They were charging me for towing and emergencies coverage. I already have the Gold Unlimited towing coverage with my BoatUS memberhip which includes trailer towing. I called them and asked what this new towing coverage was and could I drop it. The nice lady informed me that the towing was now available on the policy and it would cost me $15 for up to a $250 incident. That is a laughable amount in my area and I said I wanted to drop it since I had the Gold membership plan. Then she said that if I upped the coverage to full then I would get the same unlimited towing and trailer assist as the membership plan. The cost for this would be $43. Then she said that some people want towing but not insurance so that is why they offer it with the BoatUS membership. She said if I upped the coverage on the insurance policy it would be the same as the Gold Unlimited but that then I could drop that towing plan from my membership and save that money. I checked and this year it would cost $175 for that plan. So I would save $132 for the same coverage. My BoatUS membership would now cost $10. That works for me. If you have BoatUS insurance check it out.
Re: BoatUS: Saved money on Insurance
Not mentioned above but there is one difference in coverage between the BoatUS on-the-water towing membership and BoatUS Insurance Policy Towing Endorsement which is important to understand:
The higher priced BoatUS on-the-water towing membership covers you for any boat you are on.
The lower priced BoatUS Insurance Policy Towing Endorsement only covers the insured boat.
The higher priced BoatUS on-the-water towing membership covers you for any boat you are on.
The lower priced BoatUS Insurance Policy Towing Endorsement only covers the insured boat.
Re: BoatUS: Saved money on Insurance
I am also a member of BoatUS, and I also have the GEICO/BoatUS insurance.
The advice given above was useful for me. On my BoatUS membership renewal form there were options to add to the membership two insurance packages, one for on-water towing of the boat and one for on-road trailer assistance.
In my GEICO/BoatUS insurance policy, I already had coverage for both on-water towing and on-highway trailer assistance. For me, adding additional coverage to my membership would have created duplicate coverage.
The cost to increase towing coverage in the GEICO/BoatUS insurance policy to the highest level ($3000, unlimited occurrences) was only $31. The cost of adding that same coverage to only the membership was much higher. Adding the on-water towing coverage to the insurance policy on the boat was a much better option.
I don't see a mandate for buying towing insurance for any other boat, as I only own one boat.
The advice given above was useful for me. On my BoatUS membership renewal form there were options to add to the membership two insurance packages, one for on-water towing of the boat and one for on-road trailer assistance.
In my GEICO/BoatUS insurance policy, I already had coverage for both on-water towing and on-highway trailer assistance. For me, adding additional coverage to my membership would have created duplicate coverage.
The cost to increase towing coverage in the GEICO/BoatUS insurance policy to the highest level ($3000, unlimited occurrences) was only $31. The cost of adding that same coverage to only the membership was much higher. Adding the on-water towing coverage to the insurance policy on the boat was a much better option.
I don't see a mandate for buying towing insurance for any other boat, as I only own one boat.