Terry Posted May 5, 2013 Report Share Posted May 5, 2013 so who has inexpensive insurance on boats costing over $30,000.00 I am looking for complete coverage what company should I check out and how much should I expect to pay I never bother with it but think I should get in on the new boat georgian bay has b lots of hazards now thank Link to comment Share on other sites More sharing options...
Roy Posted May 5, 2013 Report Share Posted May 5, 2013 Go with someone who specializes in boats, Terry. Make sure you're covered for 12 months of the year....not just the boating season. Link to comment Share on other sites More sharing options...
irishfield Posted May 5, 2013 Report Share Posted May 5, 2013 Yacht Works via Royal Sun Alliance... through your broker that looks after you house/truck what ever, but you don't want it ON your house policy.. especially YOU! lol Agreed replacement value on the boat if it's stolen. Agreed value on trailer for same..... agreed value on a kicker (hull only covers the main motor) and liability insurance. I suspect you'll pay about $600 a year. I pay $860 + tax on mine. Link to comment Share on other sites More sharing options...
Dan668 Posted May 5, 2013 Report Share Posted May 5, 2013 (edited) I am with April Marine, formerly Marine Experts. I pay $414 for complete coverage for a boat over 30000. I only checked with Northstar and Statefarm and a few other small brokers (cant remember any names) and found they were priced the best. May look around this year to see what others are offering. **$448. Forgot that my premium went up last year. Edited May 5, 2013 by danbob Link to comment Share on other sites More sharing options...
DRIFTER_016 Posted May 5, 2013 Report Share Posted May 5, 2013 I had coverage through Dominion of Canada when I lived in Ontario. For my $20K (1991 $$$$) boat cost was in the $350/year range. And that was full coverage/replacement. My broker was Meadowvale Ins. Brokers in Streetsville. Link to comment Share on other sites More sharing options...
Joey Posted May 5, 2013 Report Share Posted May 5, 2013 We pay $846 with Intact Insurance. Full replacement etc., 12 months a year. Link to comment Share on other sites More sharing options...
Joey Posted May 5, 2013 Report Share Posted May 5, 2013 Did I miss the thread on the new boat??? Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 thanks I am with state farm for everything else but didn't like what they wanted to charge for ins on my last boat good info so far ..thanks Link to comment Share on other sites More sharing options...
Dan668 Posted May 5, 2013 Report Share Posted May 5, 2013 Statefarm quoted me almost double. Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 Did I miss the thread on the new boat??? yeah I missed it too...lol it's a 2013 lund 18ft impact with a 125 optimax on it Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 Statefarm quoted me almost double. yeah, if they didn't just pay a lot to repair after the fire, I would drop them completely, but they were so easy to deal with I will stick with them for home insurance ...for now Link to comment Share on other sites More sharing options...
Dan668 Posted May 5, 2013 Report Share Posted May 5, 2013 (edited) Nice, you'll like the impact. Enjoying the boat. Heres a few listed from bfb, a recent thread: Premier, Nauti Max, Mitchell and Abbott. Some others for you to look at. Edited May 5, 2013 by danbob Link to comment Share on other sites More sharing options...
Joey Posted May 5, 2013 Report Share Posted May 5, 2013 yeah I missed it too...lol it's a 2013 lund 18ft impact with a 125 optimax on it Nice!!! Congrats bud! Can't wait to see it Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 me too they tell me June 1..but I have been holding off selling my old boat just in case they change the date till oct or something Link to comment Share on other sites More sharing options...
Dan668 Posted May 5, 2013 Report Share Posted May 5, 2013 My Lund was delayed almost a month, wasnt impressed with that. Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 I bet I will be some POed if mine is late but those that know me know my luck, so I prepare for the worst Link to comment Share on other sites More sharing options...
irishfield Posted May 5, 2013 Report Share Posted May 5, 2013 ..the boat's not shipping with Propane aboard... Link to comment Share on other sites More sharing options...
Terry Posted May 5, 2013 Author Report Share Posted May 5, 2013 lol,, hell I hope not I am running out of hair to burn and I don't want the top to blow off but thanks for reminding me of that day on the ice lol Link to comment Share on other sites More sharing options...
lookinforwalleye Posted May 6, 2013 Report Share Posted May 6, 2013 No problem it`s only one of those little "non refillable" hand grenade bottles!!!! ..the boat's not shipping with Propane aboard... Link to comment Share on other sites More sharing options...
Lunkerhunter Posted May 6, 2013 Report Share Posted May 6, 2013 some things to keep in mind. - make sure there is no lay up period. many of the main auto insurers will have a lay up period in place for your policy. - make sure there are no boundary restrictions. again many of the main auto insurers will put boundary restrictions in place for your policy. i recently switched from Intact as they had both of those clauses in my policy. Joey you may want to check that out if either of those are an issue. my boundary restrictions on my old policy were for southern ontario and great lakes. if i wanted to add northern ontario it was an additional cost. there was a lay up period between Nov 15 and mar 30. after speaking with many people at both my broker and the carrier i was informed this was Intacts policy on boat insurance. a majority of the other main insurance carriers also had a lay up period. i found that Optimum Insurance Company offered me the best price with no lay up period or boundary restrictions. good luck with finding something for your new boat. Link to comment Share on other sites More sharing options...
Terry Posted May 6, 2013 Author Report Share Posted May 6, 2013 thanks good info there Link to comment Share on other sites More sharing options...
davey buoy Posted May 6, 2013 Report Share Posted May 6, 2013 thanks good info there I'm sure learning a lot! Link to comment Share on other sites More sharing options...
Terry Posted May 7, 2013 Author Report Share Posted May 7, 2013 me too Link to comment Share on other sites More sharing options...
brw Posted May 7, 2013 Report Share Posted May 7, 2013 One HUGELY overlooked aspect of boat insurance in my humble opinion: get a quote on uninsured/underinsured boaters' coverage for you, in the event someone with little or no liability insurance collides with and injures you. Way too many tales of collisions on the water with irresponsible boaters/jPWC operators. And many never end well. I have 300K on my craft through Boat U.S. and it is really cheap coverage. I ain't much but I value my health more than my Lady Lund (just don't tell her that, though ). Something to think about anyway... Link to comment Share on other sites More sharing options...
LeXXington Posted May 8, 2013 Report Share Posted May 8, 2013 NEW boat congrats!!. I looked around because Statefarm raised my rates for 2013. After checking with all the others I signed up with Statefarm again. Link to comment Share on other sites More sharing options...
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