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Author Topic:   Boat Insurance
blackdog posted 10-25-2000 03:40 PM ET (US)   Profile for blackdog   Send Email to blackdog  
Who is good for boat insurance? Boats US? I read mixed reviews about them
stagalv posted 10-25-2000 03:53 PM ET (US)     Profile for stagalv  Send Email to stagalv     
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)     Profile for bigz    
Allstate NJ -- very selective and excellent rates --- Tom
blackdog posted 10-25-2000 04:56 PM ET (US)     Profile for blackdog  Send Email to blackdog     
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)     Profile for tcm    
I've had pretty good luck with National
Marine Underwriters in Maryland.
Bashaw posted 10-26-2000 08:32 AM ET (US)     Profile for Bashaw  Send Email to Bashaw     
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)     Profile for blackdog  Send Email to blackdog     
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: 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)     Profile for bigz    
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)


blackdog posted 10-26-2000 03:39 PM ET (US)     Profile for blackdog  Send Email to blackdog     
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)     Profile for bigz    
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)     Profile for blackdog  Send Email to blackdog     
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)     Profile for bigz    
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)     Profile for blackdog  Send Email to blackdog     
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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