sailboat insurance

[kennyc]

What am i looking for in a good sail boat insurance policy. I have read a number of stories of damage caused by lightening, is this included in standard coverage? Any recommendations for a reputable insurer in the New York/ Ct. area? What is a good premium range to expect and what are some coverage numbers to target? thx for the help!

 

[Bill35]

A lot of variables on premium ranges (+)

depends on value of your boat, how much liability you want to cover (keep in mind your slip neighbor may have a $300K boat ;-), extent of your sailing "playground," etc. For an older boat, expect to have a comprehensive survey, and expect to have to take care of significant items (thru-hulls, wiring, etc.) before you'll get coverage. Our experience ranged from $200 a year for a 35 year old 30 footer to about $1100 a year for a new 35 footer, with a much larger bank lien against it. As far as recommendations, only one from me--IMIS (link below)--ask for June.<http://www.imiscorp.net/>Fair winds, Bill

 

[Marc P]

Try Boat US

Boat US gave us the best price for a policy on our 356. We did everything by phone.

 

[Peter J. Brennan]

Boat US

We had a good agent but the policy had some restrictions we did not like. So we switched to Boat US after some shopping around. Good price and the coverage we wanted. Tow weeks after we switched the boat had a fire (exploding batteries) that cost $35,000 to repair. Boat US never quibbled. Indeed, I thought they were too easy with the yard that did the work and should have quibbled a lot more. They were very easy and friendly to deal with, which was a good thing as I was out of the country most of the repair time and my wife had to deal with it. I anticipated a huge increase in premium but it came to only 10% and for only one premium year. I would reccommend Boat US anytime.

 

[Jim]

Agree with Peter

on Boat US. I shopped around a lot and they were cheaper with better coverage/fewer exclusions.