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#1
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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 |
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#2
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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. |
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#3
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#4
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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. |
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#5
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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 |
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#6
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"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 |
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#7
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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." |
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#8
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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 |
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#10
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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. |
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