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Author Topic:   Boat Insurance

blackdog posted 10-25-2000 03:40 PM ET (US)
Who is good for boat insurance? Boats US? I read mixed reviews about them
stagalv posted 10-25-2000 03:53 PM ET (US)
I sell larger boats and the following is a few company that our customers have used and been happy with:
Elton Porter Insurance 1-800-759-BOAT (Dennis Onstott)

bigz posted 10-25-2000 04:11 PM ET (US)
Allstate NJ -- very selective and excellent rates --- Tom
blackdog posted 10-25-2000 04:56 PM ET (US)
All State- That is a shock. They are much higher than Liberty Mutual for auto, I will give them a call. Thanks
tcm posted 10-25-2000 06:07 PM ET (US)
I've had pretty good luck with National
Marine Underwriters in Maryland.
www.nmu.com
Bashaw posted 10-26-2000 08:32 AM ET (US)
Boat US has good insurance written by people who really know boaters needs.
Things to look at for comparison:
Are you getting a policy that pays an agreed upon price, or blue book price?
Does the policy cover the contents like electronics, personal items, safety equipment, aux motors?
Does the policy cover the boat when it is stored and trailered?
Does the policy give you good liabilty coverage?
Does the policy give you pollution liability coverage?
blackdog posted 10-26-2000 02:53 PM ET (US)
Thanks for the helpful info. I found a good policy through NBOA. All the bells and whistle above and a great price for agreed hull value. I spoke with Clyde at 1 800 248-3512 web: http://www.nboat.com. They will get back to you quickly via e-mail.
I directly compared it to Boats US & National Marine under Writers and it was about $150 cheaper! I know some of you are saying apples to apples but the major difference was the deductible from 1% up to 2% or $500.
bigz posted 10-26-2000 03:05 PM ET (US)
BD did you by chance check Allstate NJ?
We have full coverage package on the 27 and 13 --- $50,000 on the 27 and $5000 on the 13 includes motors, trailer, electronics and misc. and I opted for a $500 deductable --- net annual cost $558 -- I couldn't find anyone close (includes also 1/2 million watercraft liability)
Tom

blackdog posted 10-26-2000 03:39 PM ET (US)
Bigz,
They haven’t got back to me yet. My prem. is $302 for full coverage on $25,000 boat & trailer with agreed hull value and $300 liability. I may up to $500,000 liability. Sounds like you got a good deal. Do you have your auto & homeowners with them?
bigz posted 10-26-2000 04:09 PM ET (US)
Just homeowners -- auto is with NJ Manufacturers which no one can touch --- Tom
PS My Allstate agent is in Flemington, he at one point owned a Whaler --- if you like can email you his name and phone great folks ---
blackdog posted 10-26-2000 04:14 PM ET (US)
Thanks Bigz
I just got the quote from All State. $260. at 300,000 lib, %500 dect. The problem is they only write actual cash value polices so they calculate depreciation into the value. The policy I was looking at has agreed cash value. I get the full pay out of the insured amount. Something to think about if you make payments on her.
bigz posted 10-26-2000 04:25 PM ET (US)
No payments free and clear --- I'll double check, remember my boats are an '87 and an '89 they ain't new --- and the 27 was based on a professional survey valuation -- Tom
blackdog posted 10-27-2000 09:18 AM ET (US)
BigZ. Defitenly give them a call to check that out. There was something on 60 minutes or 20/20 about Agreed hull value vs. Actual Cash Value. The All State Rep I spoke to said they go off of blue book or something for a deprecated value or “Actual Cash Value” and they only write those types of policies. In my case it was an additional $40 a year extra so it was a no brainer.
It is getting cool here in NJ, when do you usually put you toys away for the winter?

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Author	Topic: Boat Insurance
blackdog	posted 10-25-2000 03:40 PM ET (US) Who is good for boat insurance? Boats US? I read mixed reviews about them
stagalv	posted 10-25-2000 03:53 PM ET (US) I sell larger boats and the following is a few company that our customers have used and been happy with: Elton Porter Insurance 1-800-759-BOAT (Dennis Onstott)
bigz	posted 10-25-2000 04:11 PM ET (US) Allstate NJ -- very selective and excellent rates --- Tom
blackdog	posted 10-25-2000 04:56 PM ET (US) All State- That is a shock. They are much higher than Liberty Mutual for auto, I will give them a call. Thanks
tcm	posted 10-25-2000 06:07 PM ET (US) I've had pretty good luck with National Marine Underwriters in Maryland. www.nmu.com
Bashaw	posted 10-26-2000 08:32 AM ET (US) Boat US has good insurance written by people who really know boaters needs. Things to look at for comparison: Are you getting a policy that pays an agreed upon price, or blue book price? Does the policy cover the contents like electronics, personal items, safety equipment, aux motors? Does the policy cover the boat when it is stored and trailered? Does the policy give you good liabilty coverage? Does the policy give you pollution liability coverage?
blackdog	posted 10-26-2000 02:53 PM ET (US) Thanks for the helpful info. I found a good policy through NBOA. All the bells and whistle above and a great price for agreed hull value. I spoke with Clyde at 1 800 248-3512 web: http://www.nboat.com. They will get back to you quickly via e-mail. I directly compared it to Boats US & National Marine under Writers and it was about $150 cheaper! I know some of you are saying apples to apples but the major difference was the deductible from 1% up to 2% or $500.
bigz	posted 10-26-2000 03:05 PM ET (US) BD did you by chance check Allstate NJ? We have full coverage package on the 27 and 13 --- $50,000 on the 27 and $5000 on the 13 includes motors, trailer, electronics and misc. and I opted for a $500 deductable --- net annual cost $558 -- I couldn't find anyone close (includes also 1/2 million watercraft liability) Tom
blackdog	posted 10-26-2000 03:39 PM ET (US) Bigz, They haven’t got back to me yet. My prem. is $302 for full coverage on $25,000 boat & trailer with agreed hull value and $300 liability. I may up to $500,000 liability. Sounds like you got a good deal. Do you have your auto & homeowners with them?
bigz	posted 10-26-2000 04:09 PM ET (US) Just homeowners -- auto is with NJ Manufacturers which no one can touch --- Tom PS My Allstate agent is in Flemington, he at one point owned a Whaler --- if you like can email you his name and phone great folks ---
blackdog	posted 10-26-2000 04:14 PM ET (US) Thanks Bigz I just got the quote from All State. $260. at 300,000 lib, %500 dect. The problem is they only write actual cash value polices so they calculate depreciation into the value. The policy I was looking at has agreed cash value. I get the full pay out of the insured amount. Something to think about if you make payments on her.
bigz	posted 10-26-2000 04:25 PM ET (US) No payments free and clear --- I'll double check, remember my boats are an '87 and an '89 they ain't new --- and the 27 was based on a professional survey valuation -- Tom
blackdog	posted 10-27-2000 09:18 AM ET (US) BigZ. Defitenly give them a call to check that out. There was something on 60 minutes or 20/20 about Agreed hull value vs. Actual Cash Value. The All State Rep I spoke to said they go off of blue book or something for a deprecated value or “Actual Cash Value” and they only write those types of policies. In my case it was an additional $40 a year extra so it was a no brainer. It is getting cool here in NJ, when do you usually put you toys away for the winter?