Need insurance

cls10105cls10105 Member Posts: 389 ✭✭
in General Boating Discussions
Hello everyone, I got a letter in the mail yesterday from State Farm cancelling my insurance as of Jan 1st. Does anyone know where to get good insurance for a decent price for 2002 342 fv, with the 6.2 engines?  I checked Geico and i thought they were expensive. Thanks for your help. Oh yeah location Chattanooga TN
cruising on 6. tw0s
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Comments

  • LaReaLaRea Member, Moderator Posts: 8,064 mod
    Try www.globalmarineinsurance.com

    I'm using State Farm, so just curious why they cancelled.
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  • IanIan Member Posts: 3,060 ✭✭✭✭✭
    There’s also a lot of discussion in here about insurance and experiences with the companies. 

    Regards,

    Ian

    The Third “B”

    Ravena Coeymans Yacht Club

    https://www.rcyachtclub.com/

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  • cls10105cls10105 Member Posts: 389 ✭✭
    Thanks LaRea, I will check it out. I don’t know how they can insure and then cancel within a month and only give you 3 days to find insurance. My finance company is going to love that
    cruising on 6. tw0s
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  • IanIan Member Posts: 3,060 ✭✭✭✭✭
    I think you have a right to ask and get an answer why. 

    Regards,

    Ian

    The Third “B”

    Ravena Coeymans Yacht Club

    https://www.rcyachtclub.com/

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  • cls10105cls10105 Member Posts: 389 ✭✭
    I did the underwriter said because I have never owned a boat like this, my agent didn’t know that, I think it’s crap

    cruising on 6. tw0s
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  • IanIan Member Posts: 3,060 ✭✭✭✭✭
    Yes. At one time all of us have never had a boat at all. 

    Regards,

    Ian

    The Third “B”

    Ravena Coeymans Yacht Club

    https://www.rcyachtclub.com/

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  • LaReaLaRea Member, Moderator Posts: 8,064 mod
    Bad idea.  Suppose a storm destroys the boat, and then the underwriters find out you lied.  They would pay zero, and probably file criminal charges.  
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  • rinker270nbrinker270nb Member Posts: 207 ✭✭✭
    I think boatus does a goid job for the money, might as well invest within the industry.  It's funny to hear how we evaluate costs when we have a vehicle that gets 1 mph.  At the end of the day, $200 gets lost in the wash no matter what.
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  • RansnanRansnan Member Posts: 81 ✭✭
    I use NBOI, National Boat Owners Insurance,  i pay right around $400 a year for my 2003 342 with 5.7's  it is half of what Geico's Seaworthy Insurance was.
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  • Cableguy GregCableguy Greg Member Posts: 5,077 ✭✭✭✭✭
    I have BoatUS insurance, which is underwritten by GEICO. They give better rates to BoatUS members than someone just trying to get insurance straight through GEICO. 
    2008 280 Express Cruiser, 6.2MPI, B3, Pittsburgh, PA "Blue Ayes" (Sold)
    2022 Cherokee 294GEBG Black Label land yacht. 
    Go Steelers!!!
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  • cls10105cls10105 Member Posts: 389 ✭✭
    Thanks everyone for the help. I have insurance again. 
    cruising on 6. tw0s
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  • cls10105cls10105 Member Posts: 389 ✭✭
    @LaRea. Thank you sir I did end up going with globalmarine. I really appreciate you. Thanks again!
    cruising on 6. tw0s
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  • Dream_InnDream_Inn Member, Moderator Posts: 7,921 mod
    cls10105 said:
    @LaRea. Thank you sir I did end up going with globalmarine. I really appreciate you. Thanks again!
    That is great! I have no affiliation with them, but unfortunately had two claims with them and they treated me very well. I also turned a good friend to them and they had a claim and told me just tonight they were very happy with them.

    Dream 'Inn III -- 2008 400 Express

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  • IanIan Member Posts: 3,060 ✭✭✭✭✭
    Willing to share the coverage and cost?

    Regards,

    Ian

    The Third “B”

    Ravena Coeymans Yacht Club

    https://www.rcyachtclub.com/

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  • cls10105cls10105 Member Posts: 389 ✭✭
    @icoultha of course. Hull 60k, liability 500 k, medical 5k, uninsured boater 500k, personal property $2,500, pollution spill 940k, = $744.00 per year.
    cruising on 6. tw0s
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  • Liberty44140Liberty44140 Member Posts: 4,414 ✭✭✭✭✭
    edited December 2018
    Not bad, I pay about $500/yr for similar coverage but higher replacement value, from Chubb (Ace). We seem to pay less up here, geography plays a big part in boat insurance. 
    07' Cruisers 390 (Previous Rinker's: 06' 342EC & 01' 310FV)

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  • IanIan Member Posts: 3,060 ✭✭✭✭✭
    Thanks @cls10105, good to compare with when mine comes due in August. I’m with Allstate for all my insurances and they have been good but always good to validate cost and cover with others.

    Regards,

    Ian

    The Third “B”

    Ravena Coeymans Yacht Club

    https://www.rcyachtclub.com/

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