Boat Insursnce

Edv57

Hello,
This is Ed Victory from Lancaster CA. I do not own a boat as of yet, but I've read that Rinker is a lot of boat for the money. How many Rinker boats over the last 10 years are there? What type of and approximately how much is boat insurance. I see good info on this forum. Thanks for any answers. 

Handymans342

Insurance depends on value of boat and where you boat etc. Budget 1500 a year for 34 footer

Willhound

My 270 costs me about $500 CDN. Valued at $34000. That's $2 Million liability, fire, theft, contents ($1500) and sinking/salvage/environmental clean up. Hitting structure (damage to foot) and emergency towing in case of break down.

Lake_Bum

Regardless of the boat you choose, DO NOT.......I repeat, DO NOT choose Progressive Insurance!  They are crooks, and are the cheapest for a reason. They deny valid claims. I had a rock strike a couple boats ago, and they declined the claim, saying it was "wear and tear".  It blew my mind, and my mechanics as well. I elevated it as high as possible, to no avail. 

Liberty44140

Agree with Lake Bum. The only insurance company that I have heard complaints about is Progressive. Would never use them. I have ACE Marine Insurance. They were just bought by someone, dont remember the new name. It's around $500 a year give or take $50 for $70k coverage on my 342. I think on the great lakes we get a substantial discount from you warm weather guys. 

Stodge

I pay BoatUS around $650/year for full coverage on my 342.

Dream_Inn

As far as boat insurance, we had a good discussion on this earlier this year...

http://rinkerboats.vanillaforums.com/discussion/comment/68192#Comment_68192

Now, as far as the different types of boats and sizes over the last 10 years...they have mainly built 40 ft and under (largest was 42').  Bow riders, cuddies, cruisers of all sizes.  What style boat are you thinking about buying?  I guess another way to ask this, what type of boating do you want to do?  Dayboating with an occasional overnight, watersports, weekends with an occasional week trip?

raybo3

Stodge said:

I pay BoatUS around $650/year for full coverage on my 342.

@Stodge what do you mean by full coverage? I have over a million $$ of reliability. I have over a million $$ of hazardous spills. There is more just dont want to go over my whole policy.......LOL Reason I ask is that I pay about double of what you are.....

Handymans342

raybo3 said:

Stodge said:

I pay BoatUS around $650/year for full coverage on my 342.

@Stodge what do you mean by full coverage? I have over a million $$ of reliability. I have over a million $$ of hazardous spills. There is more just dont want to go over my whole policy.......LOL Reason I ask is that I pay about double of what you are.....

Reliability????? Really Ray really????? Lmao

raybo3

Handy I will bet you the cost of an Insurance policy that you can not dock at my club. Nuff said............ lol

Stodge

I'm using the term "full" much like how you distinguish between liability and collision insurance for a car.  My boat insurance has the big spill coverage, but the boat itself is at an agreed upon value.

raybo3

@Stodge are you covered if you hit and damage your docks at a marina? Are you covered if you damage something other than having a collision with an other boat? Reason I am asking is because your policy is half the cost of mine. Maybe I need to look into changing....... 

Dream_Inn

raybo3 said:

@Stodge are you covered if you hit and damage your docks at a marina? Are you covered if you damage something other than having a collision with an other boat? Reason I am asking is because your policy is half the cost of mine. Maybe I need to look into changing....... 

If there is something I've learned just the past couple years, is to definitely look at some other companies.  I have changed all of my policies over the last 5 or so years...all after being with a company for 20+ years.  I couldn't have lucked out better with my boating one.  They covered 2 claims in two years without question.  Premium went up maybe 10%.

Stodge

I filed a claim for striking an underwater object which damaged my outdrives.  They pro-prated the pay out but covered it.  I'd have to read my policy to find out about docks etc.  I assumed (perhaps wrongly) that BoatUS boat insurance would be fairly comprehensive.

raybo3

I can see the drives being covered but its stuff like docks that I would be concerned with. My club is a real PITA about coverage.....

Stodge

Well they have Boat liability described as Bodily Injury and Property Damage.  I have $300k limit on that.  

raybo3

On my policy Bodily Injury is different than Property Damage. I have $1 million Property $1 million for hazardous spills and I am pretty sure half a million for Injury. I am going to have to look it up when I can (work too many hours...lol). Most likely that is way there is a good size difference in the cost. How much is your hull insured for?