We bought a Hunter Legend 37.5 and need to get insurance. Which company is the best? Also, we were given a Survey from the previous owner. Can the survey be used if the insurance company needs one? Thanks in advanced for your help.
Insurance
- Thread starter Burdette
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- boat insurance survey
How recent is the survey? I have insurance through USAA from Markel America. I'm sure others will chime in.
Welcome to the forum!
I've used BoatUS insurance which is currently underwritten by GEICO for 40 years. I always found the rates fair and the company easy to deal with on the 2 claims I've submitted long ago.
Do your homework on boat policies. There are 2 basic types, Agreed Hull Value and Cash Value. AHV policies tend to be more expensive, however the payout incase of a total loss are much better. For a boat your size, don't use a rider on your homeowner's policy.
Whether a new survey is needed will depend on the company and the boat's age.
Do your homework on boat policies. There are 2 basic types, Agreed Hull Value and Cash Value. AHV policies tend to be more expensive, however the payout incase of a total loss are much better. For a boat your size, don't use a rider on your homeowner's policy.
Whether a new survey is needed will depend on the company and the boat's age.
jssailem
SBO Weather and Forecasting Forum Jim & John
- Oct 22, 2014
- 23,143
Upon buying my 40 plus year boat, I contacted my homeowners policy agent and the company issued a boat policy. A year later the company decided to abandon the boat insurance business. I checked a boat insurance broker and BoatUS (Geico Insurnace the underwriter). Received a fair policy at an acceptable price. Have not changed. Insurance for older boats can be tricky to acquire. Especially for new boat owners with limited boating experience.
I would explore your current home owners insurance company.
At boat shows you may find an insurance broker that could be helpful.
There is the group association path for insurance from BoatUS.
I would explore your current home owners insurance company.
At boat shows you may find an insurance broker that could be helpful.
There is the group association path for insurance from BoatUS.
For liability only you won't need a survey, but they'll still want to know your boating knowledge and skill.
I have chubb full coverage for local but it really is only local. I carry a supplemental State Farm liability (only like $55 year) on my 410 which covers all of US and Hawaii (out to150 nm) which was my destination and needed for the Marina. My Chubb policy did not/would not cover me in Hawaii.
Full coverage for crossing the Pacific singlehanded I could not get.
I have chubb full coverage for local but it really is only local. I carry a supplemental State Farm liability (only like $55 year) on my 410 which covers all of US and Hawaii (out to150 nm) which was my destination and needed for the Marina. My Chubb policy did not/would not cover me in Hawaii.
Full coverage for crossing the Pacific singlehanded I could not get.
On 4th boat since 1983, started with Coronado 25, Ericson 27, Hunter 34 and for 11 years now my Hunter 410.
Mostly within s California, Ensenada to Santa Barbara, and local islands.
Singlehanded to Hawaii and back 2023.
BVI charter also.
Just retired, central America next, maybe S.Pacific??? See how things play out, staying local for the summer.
Greg.
Mostly within s California, Ensenada to Santa Barbara, and local islands.
Singlehanded to Hawaii and back 2023.
BVI charter also.
Just retired, central America next, maybe S.Pacific??? See how things play out, staying local for the summer.
Greg.
