Gerritt Posted August 7, 2007 Report Share Posted August 7, 2007 Just want to know what you guys deem is fair for insuring a new boat... I want to be sure that I am not getting ripped off here... I have my house and care with Certas, They have been more then fair to us in the past and I hope this price is also fair... Most know I bought a new boat etc I am getting everything insured for about 250.00 for the year.. That is Comprehensive, $1,000,000 in Liability and a 100.00 deductible.. reading the fine print is mind boggling.. it is insane.. they reword the same things many times over and it would take a snocket rientist to figure it out... What is it you pay for your insurance? and does this price seem reasonable? The boat is a new 17' Aluminium, used motor and a new trailer... Your thoughts? I just want to be sure I am not getting hosed. Thanks! Gerritt. Link to comment Share on other sites More sharing options...
PHISHY! Posted August 7, 2007 Report Share Posted August 7, 2007 That's a pretty fair price. I was paying about 22 bux a month for a 16' Tracker and a 125 HP merc for the same policy that you're getting. Link to comment Share on other sites More sharing options...
pikehunter Posted August 7, 2007 Report Share Posted August 7, 2007 The boat is a new 17' Aluminium, used motor and a new trailer. Don't forget motor size also plays a role in how much your premium is. My insurance Co. also wanted to know where it was going to be used and stored. Link to comment Share on other sites More sharing options...
Gerritt Posted August 7, 2007 Author Report Share Posted August 7, 2007 The motor is a 40 HP... Beginning to wondering if the price is too high... Gerritt. Link to comment Share on other sites More sharing options...
BFSC Kevin Posted August 7, 2007 Report Share Posted August 7, 2007 sorry, no clue boss, don't have my boat insured. Link to comment Share on other sites More sharing options...
mcallister.grant Posted August 7, 2007 Report Share Posted August 7, 2007 Hi there, I am an insurance agent and I own my own agency. Boat insurance is based on the horsepower and size of your boat. The liability portion of your boat insurance would be an extension of your home. So, if your home insurance has a liability limit of 1 million dollar than that's what your boat will be. There will be a premium increase for the liability extension though. If you need anymore help, please PM me. I would be more than happy to help. Grant Link to comment Share on other sites More sharing options...
pikehunter Posted August 7, 2007 Report Share Posted August 7, 2007 (edited) I have a 16' aluminum basic fishing boat with a 25hp on it with a galvanized trailer, year 2005. About the same coverage you have. Mine is around $165 year or there abouts, less than $200. I would say that is about right for your boat. Edited August 7, 2007 by pikehunter Link to comment Share on other sites More sharing options...
fishindevil Posted August 7, 2007 Report Share Posted August 7, 2007 Well gerritt my $20.000 lund is $265.00 a year for insurance,so you are ok i think,my company also wanted to know some things like that as well,if you combine your car and home as well you even get a better deal,i have had all my boats for the last 15yrs insured with liberty mutual,now called TD home & auto insurance.....they have always had the best rate for whatever the reason,so try them you never know,just trying to help bud good-luck cheers Link to comment Share on other sites More sharing options...
misfish Posted August 8, 2007 Report Share Posted August 8, 2007 You know what I have and I pay $245. Link to comment Share on other sites More sharing options...
Pigeontroller Posted August 8, 2007 Report Share Posted August 8, 2007 Yeesh, I think i'm paying too much, I have a 2001 16 foot lund w/ a 2005 90 Yamaha and I pay $400 a year... Link to comment Share on other sites More sharing options...
Gerritt Posted August 8, 2007 Author Report Share Posted August 8, 2007 guys, I see some of you have rate lower then mine.... but your rigs are worth more..... what is your deductible? I ask because I am sure... if I raise my deductible.. I am sure my rate will decrease... right now it is set @ 100.00... Thank you all for your replies... it is helping in my decision. Also.. does your ins. company insure you should you lose your lower end?? Thanks again guys! Gerritt. Link to comment Share on other sites More sharing options...
-Coopdogg- Posted August 9, 2007 Report Share Posted August 9, 2007 As an insurance broker I can tell you that you're paying a reasonable rate.....you are only paying for theft, vandalism, collision etc as the liability is extended from home.....if you are unsure I can quote you too to see if what you are paying is competitive...I have a group program that will probably help you....905-265-7106...David Link to comment Share on other sites More sharing options...
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