New boat insurance?
 

I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent

wrote in message
oups.com...
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent


The Progressive quote does sound fishy. I have a very basic 14' yacht that I
insure for $124.00 per year. The policy has every bell and whistle
imaginable (full replacement, liability, towing for boat in water AND
trailer, in case of breakdown, beer and psych counseling if a fishing trip
is interrupted because of theft or accident). I'd shop around more. Try a
normal insurance agent. Mine put me with OneBeacon - perhaps their web site
can direct you to an agent.

Don White wrote:


I only valued my sailboat and trailer at 5K...so I got a rider attached
to my house/car insurance. It costs me $100.00 a year.


By the way, the Canadian Power & Sail Squadron has contacted an insurer
who promises discounts to members who have passed courses. The more
courses under your belt...the bigger the discount.

I insure an 18' ski boat for $10,000, and it costs me around $300 / year
through Progressive. It's been awhile since I signed up with the policy,
but I believe I'm paying a higher premium due to engine size (427).


wrote in message
oups.com...
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent

"Doug Kanter" wrote in message
...

wrote in message
oups.com...
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent


The Progressive quote does sound fishy. I have a very basic 14' yacht that
I insure for $124.00 per year. The policy has every bell and whistle
imaginable (full replacement, liability, towing for boat in water AND
trailer, in case of breakdown, beer and psych counseling if a fishing trip
is interrupted because of theft or accident). I'd shop around more. Try a
normal insurance agent. Mine put me with OneBeacon - perhaps their web
site can direct you to an agent.


I agree, my 19' center console, 10 years old, costs over $200 a year for
mid-level insurance. here was a good post here a few days ago about what to
consider when shopping for insurance - things that are relevant for boats
that a landlubber might not think of.


--
Peter Aitken
Visit my recipe and kitchen myths page at www.pgacon.com/cooking.htm

--
Peter Aitken

On Thu, 12 May 2005 20:08:52 GMT, wrote:

I insure an 18' ski boat for $10,000, and it costs me around $300 / year
through Progressive. It's been awhile since I signed up with the policy,
but I believe I'm paying a higher premium due to engine size (427).


wrote in message
roups.com...
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent


USAA is charging me $327/year for my 21' Proline, valued at $26.5K. That reminds
me, I need to call them and depreciate that sucker. This is for loss/damage and
$300000 liability.
--
John H

"All decisions are the result of binary thinking."

I pay Progressive about $600/year for a $20K boat with full replacement
coverage. It's on the trailer at a secure marina when I'm not using it.
I'm in S. FL so that has a lot to do with it, I'm sure. I would
expect to pay half as much away from the "hurricane belt".

Dan


wrote:
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent

"Dan Krueger" wrote in message
nk.net...
I pay Progressive about $600/year for a $20K boat with full replacement
coverage. It's on the trailer at a secure marina when I'm not using it.
I'm in S. FL so that has a lot to do with it, I'm sure. I would expect to
pay half as much away from the "hurricane belt".

Dan


wrote:
I have lurked on this newsgroup for quite a while and I am about to get
my first boat, a Swee****er 20 foot pontoon. I ordered it and will take
delivery in about a week or so. My family and I are extremely excited!

I have some questions about insurance though. How much insurance should
I carry on a new boat like this? How much do you guys pay annually for
your insurance and who is it with? I just got a quote back from BoatUS
and it was $1000.00 per year! That seems extremely high to me. A
Progressive Direct came back at $100 per year. That seems a bit low.

By the way, I have taken the USCGA/USPS boating safety course so
that should save me a little.

Thanks for your help!

-Trent


I pay about $250 a year with 10% no claims and 10% USCG course. $20K agreed
value. BoatUS

USAA is charging me $327/year for my 21' Proline, valued at $26.5K. That
reminds
me, I need to call them and depreciate that sucker. This is for
loss/damage and
$300000 liability.
--
John H


Ditto on USAA. I've got a 2005 Key West CC and it's under $200/year. Of
course, with 2 cars a motorcycle, an RV, and a boat I should qualify for
some kind of fleet discount!

JR.