Insurance

[mjw930]

Could never find insurance for my Allison down here. It's other to fast, or the companies that don't care about the speed won't cover a trailered boat in South Florida, due to theft. I'd also be interested if you can find someone to write a policy.

You're right, S. FL is even worse than Central or Northern FL. Miami Dade is virtually impossible unless you have stupid deep pockets. Not sure about the Keys but it wouldn't surprise me if you can't get insurance.

[life is good]

If you find someone to write policy for you it will probably cost you close to $3000 / year. This is why I sold my Euro.

[Speed Jr.]

Might be a little high for the STV also. I also cannot get my superboat insured but my homeowners covers it as long as it doesnt leave the yard

I can almost guarantee that not to be true under your HO policy......You would ONLY have coverage if the boat is enclosed within a covered structure and subject to scheduled limits.....Just letting you know, there is NO coverage under your HO policy if your boat is in your yard or driveway. (This includes theft)

And since everyone thinks they are experts online, I will admit I'm a property claims specialist for an insurance company.

[Bguieb94]

Well foremost insurance said they would cover it, BUT they said 77$ a month that's just a quote until they get the specs and serial number of the boat and the engine.. so I'm thinking it'll be around 250$ a month for insurance...

[Bguieb94]

It's not required since I'll own the boat out-right but it's just good to have liability so I don't get sued lol

[Coryc]

It's not required since I'll own the boat out-right but it's just good to have liability so I don't get sued lol

Yes exactly why you need to have it.

[Coryc]

If you find someone to write policy for you it will probably cost you close to $3000 / year. This is why I sold my Euro.

$3,000 is crazy!! Granted your euro goes a lot faster than my Superboat but I don't pay anywhere near that amount. I have my 21' SB in the 75mph bracket.

[mjw930]

Well foremost insurance said they would cover it, BUT they said 77$ a month that's just a quote until they get the specs and serial number of the boat and the engine.. so I'm thinking it'll be around 250$ a month for insurance...

I'm at about $100/month on a new SEB Talon 22 with trailer rated at 100 mph in Central FL including up to 75 miles offshore, which it will never see, but they don't write inland lakes and rivers policies in FL so it's required. You may be pleasantly surprised.

[vnemous]

And since everyone thinks they are experts online,

I guess you missed my smiley face and my boat goes 130mph

[delawarerick]

Seems like the insurance problem is real perhaps one of the most posted topic. My opinion on the need for insurance in south Fl is you got to have it. The water lice(jet skies) are a royal pain in the arse. I have had close calls about 5 times over the last year. Good luck on your hunt for insurance.

[Bguieb94]

Just got one quote back from one 4750$ per year ���� That's for full coverage.. I asked to revise that and see how much it is for liability only

[rjdubiel]

Wakezoneinsurance.com pass on my viper, just got the email back. She said they do not have a market for this type of vessel any longer. I am not surprised or upset, I would not insure it either!

[Bguieb94]

Foremost Insurance will insure your boat. Try them out and PM what they quote you on?

Wakezoneinsurance.com pass on my viper, just got the email back. She said they do not have a market for this type of vessel any longer. I am not surprised or upset, I would not insure it either!

[Radiant]

How are you guys establishing a value for these boats? I bought a boat of which only a handful were built. So they have no basis for a value on it, only what I said it is worth. I just started the insurance process as I just bought mine and have been putting a lot of time and money into it. But at the end of the day they'll just come back and say it is a 1991 no-name brand flats boat worth x amount of dollars. And I know pretty much what it is worth if I were to sell. Would a survey help? I am in Miami, so insurance ain't easy to begin with.

[Bguieb94]

Basically I told them what I believe the hull, trailer and engine are worth

How are you guys establishing a value for these boats? I bought a boat of which only a handful were built. So they have no basis for a value on it, only what I said it is worth. I just started the insurance process as I just bought mine and have been putting a lot of time and money into it. But at the end of the day they'll just come back and say it is a 1991 no-name brand flats boat worth x amount of dollars. And I know pretty much what it is worth if I were to sell. Would a survey help? I am in Miami, so insurance ain't easy to begin with.