Good possibility that I may relo to the Tampa Area. Was hoping to find out what your boats insurance cost is per year. Currently I pay about $900 per year for agreed value at $110,000 for my Catalina 310. I am on an Inland Lake in Texas currently. I need to figure all costs into my move. Thanks in advance! Skipper Ken
Florida Insurance Question
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Insurance
You will have to get some exact numbers from a broker or agent. But I can assure you that 900 bucks isn't going to get close. And more than likely, it will not only be expensive, but hard to find. Many on the gulf coast are now going with out insurance because of high costs and difficulty in finding it. Your present company may or may not cover you but that is a good starting point.
You will have to get some exact numbers from a broker or agent. But I can assure you that 900 bucks isn't going to get close. And more than likely, it will not only be expensive, but hard to find. Many on the gulf coast are now going with out insurance because of high costs and difficulty in finding it. Your present company may or may not cover you but that is a good starting point.
You may want to double that cost.
Ken: I suggest that you double that cost for your insured value. The cost of marine insurance has skyrocketed in Fl. since the last few years hurricane history. I would imagine that they will be lowering the premiums as they make up from their losses but it may be a few more years. We have a BoatUS policy for $600/yr with $80 in coverage. I think that we have a 2% total loss deductible. This is for inland waters in California with access to the Pacific. Just be sure that you don't get a cheapo price for a depreciated value. Not all insurance policies are equal.
Ken: I suggest that you double that cost for your insured value. The cost of marine insurance has skyrocketed in Fl. since the last few years hurricane history. I would imagine that they will be lowering the premiums as they make up from their losses but it may be a few more years. We have a BoatUS policy for $600/yr with $80 in coverage. I think that we have a 2% total loss deductible. This is for inland waters in California with access to the Pacific. Just be sure that you don't get a cheapo price for a depreciated value. Not all insurance policies are equal.
I have thought
about this as well. I have a 27' O'Day valued around 10K. Big difference compared to 110K but all the same principal. I wanted to shop around for insurance as well in the same area. I have no idea how much it will cost either.
about this as well. I have a 27' O'Day valued around 10K. Big difference compared to 110K but all the same principal. I wanted to shop around for insurance as well in the same area. I have no idea how much it will cost either.
Florida insurance
You will pay a LOT more in Florida. For my 1988 Catalina 34 valued about half that I am paying around $2000 a year with a big deductable. AND, I am docked in my backyard on a canal not a marina. YES they are putting the squeeze on us here.
You will pay a LOT more in Florida. For my 1988 Catalina 34 valued about half that I am paying around $2000 a year with a big deductable. AND, I am docked in my backyard on a canal not a marina. YES they are putting the squeeze on us here.
I just went through it.
Good luck. I just bought a Legend 35.5 and for an agreed upon hull value of $65,000 I am paying $2200/year through Boat U/S. Best I can tell, if you have a policy already in place they have not tampered with it. I was originally a partner in a 1984 J-35 and we were paying about $800/yr for a racing policy with an agreed upon hull value of $45,000. We started that policy about 5 years ago and to my knowledge that premium has never changed. Then, about a year and a half ago, I bought a Carrera 290, which is a $15,000 fiberglass shell on a trailer. My premium is over $1,000/year and it is not valued anywhere near the J-35. It is stored out of the water, I could trailer the boat inland during a storm to protect it, it has no systems (Hvac, plumbing), a tiny outboard, limited electrical wiring, one though hull, no cushions, and a hand held GPS for electronics - compared to the J-35 which is loaded. One of the most important benefits you get from your insurance policy, and probably even more important than the reimbursement for a loss, is the duty to defend in the event of a liability case. But, if you think about it, the cost to cover us for that risk shouldn't be any different if you own a $20,000 or a $120,000 boat. So I would think that we are all paying around the same amount for that part of the coverage. Where is the additional risk to the insurance company to charge that kind of money? But when I asked them about the logic they couldn't give me a good reason why it was so high. I called everyone else I could think of and no one else would even quote me. So we are just sucking it up. Then when we bought the Hunter about 6 months ago, I got even more aggressive calling for additional quotes. I went to the back of cruising world magazine and other publications and called companies advertising that they cover people sailing offshore, and even they said no way. And it is not even about the money, because as soon as they found out we were in Florida, they wouldn't even quote it. So, again, the only quote we could get was Boat U/S. Bottom line is insurance is the biggest scam around. But to answer your question, call Boat U/S. Unless you are military and can get USAA.
Good luck. I just bought a Legend 35.5 and for an agreed upon hull value of $65,000 I am paying $2200/year through Boat U/S. Best I can tell, if you have a policy already in place they have not tampered with it. I was originally a partner in a 1984 J-35 and we were paying about $800/yr for a racing policy with an agreed upon hull value of $45,000. We started that policy about 5 years ago and to my knowledge that premium has never changed. Then, about a year and a half ago, I bought a Carrera 290, which is a $15,000 fiberglass shell on a trailer. My premium is over $1,000/year and it is not valued anywhere near the J-35. It is stored out of the water, I could trailer the boat inland during a storm to protect it, it has no systems (Hvac, plumbing), a tiny outboard, limited electrical wiring, one though hull, no cushions, and a hand held GPS for electronics - compared to the J-35 which is loaded. One of the most important benefits you get from your insurance policy, and probably even more important than the reimbursement for a loss, is the duty to defend in the event of a liability case. But, if you think about it, the cost to cover us for that risk shouldn't be any different if you own a $20,000 or a $120,000 boat. So I would think that we are all paying around the same amount for that part of the coverage. Where is the additional risk to the insurance company to charge that kind of money? But when I asked them about the logic they couldn't give me a good reason why it was so high. I called everyone else I could think of and no one else would even quote me. So we are just sucking it up. Then when we bought the Hunter about 6 months ago, I got even more aggressive calling for additional quotes. I went to the back of cruising world magazine and other publications and called companies advertising that they cover people sailing offshore, and even they said no way. And it is not even about the money, because as soon as they found out we were in Florida, they wouldn't even quote it. So, again, the only quote we could get was Boat U/S. Bottom line is insurance is the biggest scam around. But to answer your question, call Boat U/S. Unless you are military and can get USAA.
insurance
I have my insurance kinda sorta through USAA. They don't directly deal with boat insurance but they have partnered with Progessive to offer insurance to thier members. You can call the USAA insurance number and they will work up your quote right there, but when you get your boat insurance card it will say Progressive on it.
I have my insurance kinda sorta through USAA. They don't directly deal with boat insurance but they have partnered with Progessive to offer insurance to thier members. You can call the USAA insurance number and they will work up your quote right there, but when you get your boat insurance card it will say Progressive on it.
Boat insurance is expensive in FL...
b/c there are so many natural disaster possibilities. My boat insurance from BOATUS dropped by about 50% when I moved my Pearson 30 from FL to CA. Car insurance also went down by half; figure that! Good luck. BEO
b/c there are so many natural disaster possibilities. My boat insurance from BOATUS dropped by about 50% when I moved my Pearson 30 from FL to CA. Car insurance also went down by half; figure that! Good luck. BEO
Thanks for all your input
What the heck do folks with boats in Florida do? I have to have insurance as I still owe a mortgage on the boat? Thanks again Ken
What the heck do folks with boats in Florida do? I have to have insurance as I still owe a mortgage on the boat? Thanks again Ken
Call Boat U/S
Call Boat U/S, anty up, and enjoy some of the best cruising waters in the US. It may cost more, but in the end it's worth it.
Call Boat U/S, anty up, and enjoy some of the best cruising waters in the US. It may cost more, but in the end it's worth it.
try progressive
Look into Progressive. I have a small 18 foot powerboat, (I know this is a sailing forum), I had been paying approx. $800/year for this coverage, I recently switched to progressive for $300/year better coverage. It definitely pays to shop around because there seem to be big variations in coverage due to oddball differences in companies.
Look into Progressive. I have a small 18 foot powerboat, (I know this is a sailing forum), I had been paying approx. $800/year for this coverage, I recently switched to progressive for $300/year better coverage. It definitely pays to shop around because there seem to be big variations in coverage due to oddball differences in companies.
Davis Island Yacht Club
We are members at the Davis Island Yacht Club. It's a very grass roots kind of club located close to downtown Tampa. We do a lot of racing and the club is very active in it. It's a great place to be because of the numerous activities available, but it is a long way up the bay if you want to get to the beaches. It's a good 4-5 hours to the Sunshine Skyway which is where the ICW picks up. So trips to the beaches need to be longer weekends from where we are. This summer we rented a slip on Longboat Key in Sarasota for a couple of months. We take the kids down and stay on the boat during the weekends and it has been a blast. I didn't think it would be possible to find slips right near the beach like that but turns out a lot of the slips are vacated when the snowbirds go back north for the summer. So we moved the boat closer to the fun. If you do move to Tampa and want to get involved with some very active sailors, look us up at the club.
We are members at the Davis Island Yacht Club. It's a very grass roots kind of club located close to downtown Tampa. We do a lot of racing and the club is very active in it. It's a great place to be because of the numerous activities available, but it is a long way up the bay if you want to get to the beaches. It's a good 4-5 hours to the Sunshine Skyway which is where the ICW picks up. So trips to the beaches need to be longer weekends from where we are. This summer we rented a slip on Longboat Key in Sarasota for a couple of months. We take the kids down and stay on the boat during the weekends and it has been a blast. I didn't think it would be possible to find slips right near the beach like that but turns out a lot of the slips are vacated when the snowbirds go back north for the summer. So we moved the boat closer to the fun. If you do move to Tampa and want to get involved with some very active sailors, look us up at the club.
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