So what do you pay.....................
......for boat insurance each year, including liability?I know there are a bunch of variables, most especially where you live. The
bottom line is cost/foot/year. For 'us': We have always had an "agreed to" hull value policy and are presently paying
$12/foot/year for both the boat and trailer on our modest 7 year old 20 foot
runabout. We live in NE Ohio and dock in Vermilion, OH on the south shore
of Lake Erie. We also carry an umbrella policy to cover us over and beyond
the boat policy basic $500K liability limits, but that is not figured into
the cost I quoted. I no longer have the records on what we paid for other previously owned
boats since we sold them so I cannot offer other comparisons, although I
think the cost/foot/year was pretty comparable to what we paid for our 32
footer in 2003. So what is your cost/foot/year for property and casualty insurance on your
boat...and where do you live/dock? |
Mar 2
2006
|
| That is just how it works out on a cost/foot basis. |
Mar 4
|
| That's about what I was paying for a 33 ft sportfish up north. Our
big challenge before we bought the boat was getting insurance at ANY
price. It almost killed the deal. As it is, our deductible doubles
with any named storm. PS, do you go out from Gordon Pass or Doctors Pass? |
Wayne.B
Mar 3
|
| My cost is modest compared to most here, but then so is my boat. About
$160/year Canadian for my 1984 Sirius 21'Sailboat. Stella |
Black
Mar 3
|
| Mine is about $100.00 and is an addition to my home policy.
This covers my 1986 Sandpiper 565, the 6hp Evinrude outboard and the
original Easy Hauler roller boat trailer. |
Don
Mar 3
|
| I used to insure that way - basically a rider on the house policy. Nothing
wrong with it for smaller boats. However, as the boats got bigger and
heavier the potential damage to it or things I might accidentally hit grew
larger. That, plus the fact that oil/fuel spills are not covered by these
types of rider policies became the influence to change to a full bore marine
policy. RCE |
RCE
Mar 3
|
| There are other good reasons as well. My experience many years ago
with a modest claim on a homeowners type policy was that the adjustors
knew almost nothing about boats and marine equipment. |
Wayne.B
Mar 3
|
| My homeowners covered my 14' / 15 hp boat and trailer for no additional
cost. But for the 21' $20k boat they wanted $600 and not an agreed on
value. I have BoatUS for $250 a year, and this is an all year boating area,
plus I add the trailer towing insurance as 3A will not tow the trailer if
problems. Called one time to alert them that I might need the trailer
towed, and they were very helpful. Managed to tie up the axel that lost the
spindle and made it home about 60 miles. |
Calif
Mar 3
|
| $85k hull value. $2100/year. Hurricanes suck. |
NOYB
Mar 3
|
| Thanks for putting thing back in perspective for the rest of Floridians. I
thought I was going crazy reading about people paying $500/year for 35'
boats. |
NOYB
Mar 3
|
| Full replacement policy, million liability - $980 per year for all
three boats. |
Shortwave
Mar 2
|
| That does not tell us much Tom, as all 3 could be 16 foot rowboats. BTW: You are better off getting a general liability umbrella policy to
cover all your operations (home, auto, boat, other) rather than a high
liability coverage on any or each of those. |
Mar 2
|
| 2005 14' Princecraft with 25 Johnson electric start, 50 lb trolling
motor, sonar and RC400 GPS. 2000 20' Ranger 200C Bay boat with 2006 225 E-TEC, 100 lb trolling
motor, Raymarine gps/radar, ICOM VHF, down riggers, out riggers. 1989 Halman Nordic 20 sailboat. With it's own policy at $1,300 per year - same as above. 2004 31' Contender Fisharound with twin 225 E-TECs, full electronics
suite (Raymarine), down riggers, out riggers, yada, yada, yada. I am not better off with a general policy because the boats fall under
the auspices of Shortwave Sportfishing in some fashion with the
exception being the Halman. |
Shortwave
Mar 3
|
| Jim, which would you prefer in this thread, information on my insurance or
'jokes' at the expense of other members of the group?
--
'Til next time, John H ***** Have a Spectacular Day! *****
|
JohnH
Mar 2
|
| You don't want to know. I don't even want to know. It depends on what
geographical cruising limits are covered, but I think we are around 70 or 80
bucks a foot/year with a 2 million liability and replacement cost coverage.
Thats for the Navigator. The GB is about half that. And that considers a
dry layup during the winter. Our marine insurance company recently changed underwriters because the
renewal policies with Zurich were going out of sight. He cut their 2005
premiums almost in half. RCE |
RCE
Mar 2
|
| Sorry, but I give up John. I have tried...I really have. I post something boating related yet within 4 replies you choose to ruin it,
turning it personal. Let us back up for a moment. Earlier, in another thread I posted a joke about Skipper. It was a joke
about someone who has constantly tried to undermine this NG and has
personally attacked each and every member here. So what do you choose to
focus on when you rode up on your pony and decided to act like the Sheriff
here? Me, for posting the joke. And that thread then went downhill since
your initial attack on me. My post to that thread was a joke John. Yet you choose to call me on the
carpet for a joke. If you disagree with what I have to say....fine. Just ignore me as
your Sheriffin' is ruining more threads than it is worth. Ignore me in the future and all will be fine. Also try to practice what you preach John. |
Mar 2
|
| Does your insurance policy really bill you $12/foot/year or is that just
what it works out to be? I've never seen $x/foot in a quote. " JimH" <jimh_osudad@yahooDOT comREMOVETHIS> wrote in message |
William
Mar 2
|
| The |
Jim
Mar 2
|
| $316 per year from State Farm for a 2003 Sea Ray 200. I also have an
umbrella policy with State Farm. |
Don
Mar 3
|
| I'm paying about $1100/year to insure a 1997 36' Monk trawler (hull
value $195,000) for chartering in Lake Superior. The low rates probably
come from a short season, fairly boring boating up here and a slow boat. Capt. Jeff |
Tamaroak
Mar 2
|
| Interesting answers. I'm insured with USAA. My insurance is like that for my
cars: theft and liability. I'm considering switching to BoatUS for the oil
spill protection. I already have their tow/trailer insurance. My only claim
has been when my tow vehicle died near the launch ramp on a Sunday. They had
a tow vehicle there with 30 minutes to tow my truck and trailered boat to a
nearby parking lot. I had to wait until Monday to have the truck towed to
the dealer for repair. I used my USAA insurance for that. Both tows were
handled by insurance and required only that I sign for receiving the
service. "Tamaroak" <jeff@messinginboats.com> wrote in message |
William
Mar 2
|
| That's pretty inexpensive considering you charter the boat. I briefly had
charter coverage on one boat and was shocked at the increase in premiums,
even at the minimum number of allowable charters. RCE |
RCE
Mar 3
|
| Boat US has some excellent rates on their West Coast trawler policies.
My friends in the business have all asked me at least once to quote my
boat insurance, but when they hear that I insure through Boat US they
don't even bother. $90k hull value, cruising area "restricted" to Puget
Sound, Strait of Juan de Fuca as far W as the Washington coastline, and
up the inside to the northern tip of Vancouver Island, (where 90% of
regional boaters spend 99% of their time), and the premium recently
went up from the $350-400 level to about $500. It would be easy to pay
twice as much in the local market. Note: Read your umbrella policies carefully. We have an umbrella policy
with a limit that is large enough to cover our asse(t)s but one of the
factors the underwriter took into account was our boating pastime. Make
sure your agent and underwriter know you are a boater, or some
companies may deny coverage for a boating related claim. |
chuckgould.chu...
Mar 3
|
| About $5K/yr for a 49 ft trawler, 12 month coverage, Florida, Bahamas,
and entire east coast up to 100 nautical miles off shore. |
Wayne.B
Mar 3
|
| About $730 for both boats: 1987 23' Grady-White Gulfstream, 2003 twin Suzuki 140hp, Agreed value
2005 17' G3 1756, 2005 Yamaha 60hp, replacement cost Boats are insured on a policy covering being based in southern coastal
NC (hurricane alley) and cover operations inland and offshore to 35
miles. Operators are myself and 20 year old son. Not only does location, valuation, and planned usage affect the cost
of insurance, but also experience levels, training, and driving
record! |
Gene
Mar 3
|
