Boat insurance

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Terry in Naples

Terry in Naples

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Aug 8, 2006
340
Catalina 34 Naples FL
I just got my BOAT US renewal insurance for my 1988 Catalina 34. $2,226.00 that is a pretty big increase. It does have a 10% discount because no claims. But really, no claims , no Hurricanes just a Florida Address. Does anyone else have a better policy carrier? I really feel this is too much. HELP , I hate to pay this much..
 
D

Dick McKee

Wow!!! Thats High...We are located in Cal and

with insurance thru Boat US for an 04' 470 is $1800 a year. It's gota be the Flordia address.
 
Rick Webb

Rick Webb

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Jun 2, 2004
3,507
Hunter 23.5 Fort Walton Yacht Club, Florida
WOW

Mine is $238 for a '95 24' boat. That extra 10' is like $200 a foot. Wonder where the break points are on the increases?
 
William12213

William12213

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Mar 3, 2007
139
Catalina 36 Lexington Mi
YIKES!!!

Terry you might want to call them back and tell them you didn't want to buy the company just a policy! That is waaay too high.
 
B

BobW

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Jul 21, 2005
456
Hunter 31 San Pedro, Ca
Did it go UP?

Florida is expensive for insurance, for sure. I have a comparable boat - '87 H31, insured value $26,000 - and pay about $350 for coverage from Boat US. The boat is in Ventura, California, where hurricanes aren't a problem. Is something in your policy out of whack? Maybe you have a couple extra zeroes in your liability amount? Cheers, Bob s/v X SAIL R 8
 
G

grigs

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Jan 2, 2007
37
Catalina 25 East Greenwich
Concerned (about my coverage)

1986 Catalina C 25 Rhode Island, $256.00. Think I will call my agent and make sure there isn<t a misunderstanding. I,m seeing these $2000.00 price ranges, Has me wondering.I have Progressive Direct.
 
Zaphro

Zaphro

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Mar 20, 2008
101
Catalina 34 Mayport
I'm in Florida (Jax)

Mine is around $250 a year for a '87 Catalina 34. Hope I'm not looking at a 10 fold increase when mine's due in October. I'm with Progressive.
 
J

John5961

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Jun 27, 2005
143
Hunter 27_75-84 Atlanta
IT S FLORIDA

I have a friend with a 40' sport fisherman in a marina at Marco Island, Florida. He was paying $4000 a year for insurance. Instead of a renewal this year, BoatUS cancelled his policy and offered him insurance with a sister company. Unforetunately they wanted $12,000 a year. There was a lot of boat damage last year from the hurricanes, but he didn't have any damage and has never placed a claim. In my opinion they are a bunch of crooks.
 
Ross

Ross

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Jun 15, 2004
14,693
Islander/Wayfairer 30 sail number 25 Perryville,Md.
Time to buy stock in the insurance company

$2200 per year for ten years with growth may well be worth more than the boat.
 
N

Nice N Easy

Insurance Rates

I don't think there is much anyone can do about this. I live in Katrina country and the rates here have gone up about like yours. Only way to get them down any at all is to make the deductible so high as to be out of reach. I am giving serious thought to going without, other than liability, and take my chances.
 
sonofasailorsailing

sonofasailorsailing

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Dec 5, 2004
77
Glander Tavana Mexico Beach, Florida
Panhandle of Florida

We just upped our policy to full coverage. We have a 1978 33' Glander. Insured value of $20,000, $2,500 deductible. $718.12/year. Progressive.
 
J

John

Wow

I have a Catalina 320 year 2000 ..... it is insured with BOAT/US for a $100 K replacement value and I paid $600 in February. The boat is restricted to sail only in Pamlico Sound and the C - Bay areas. Perhaps your insurance policy covers a lot more sailing ground than you need. Shop around .......... John s/v Lady K
 
B

Bill Bell

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Dec 5, 2003
204
Hunter 420 Punta Gorda, FL
Allstate

We have Allstate Boat Insurance. It is $892 for full replacement insurance for a Hunter 420. We went to Allstate in 2004 just before hurricane Charley and the rate was $645. We dropped BoatUS insurance that was about $1900 at the time. We had $30,000 damage in 2004 and $10,000 in 2005. One more hurricane and they will probably drop me or go sky high. Bill - Heading for the Bahamas tomorrow
 
C

capri 22 809

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Apr 10, 2006
47
- - St. Petersburg, Fl
nation wide insurance

I have Nation Wide Insurance for my 1997 Catalina Capri 22. It is about 300 a year. I sail in Tampa Bay. Insurance coverage is for "Gulf of Mexico". On the other hand dock rent is a joke. The city marina is charging 260 dollars for the slip I am in. It is for a boat upto 28 feet.
 
Terry in Naples

Terry in Naples

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Aug 8, 2006
340
Catalina 34 Naples FL
update to insurance

I called Progressive and they are not writing new policys for sailboats over 30 feet. This in Fl anyhow. I have a power boat insured with them but no deal anyhow.
 
S

sailingseadragon - P367

Similar Discussion in progress .....

on the Pearson 365 website.... It is a quick read and maybe worth your time. http://pearson365.com/forum/viewtopic.php?t=194 Good luck...
 
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