insurance

[bulldogdaddy]

got a quote from progression,lol,for an 18ft. semi-vee with a 225,said it did 70mph,does $689 sound high and how do you guys that break 100mph even get insurance?

[neily1]

$$$$$$$$ AND1100 MORE $$$$$$$$$$$$$$$$$:D

[Boz]

I couldn't get insurance for my HST; was told that I had to have 7 years experience driving a boat like that. They tried every market including Lloyd's, which is a huge market.
Where do my Canadian counterparts get their insurance for 85mph plus boats? I have all risk peril coverage while it's on my trailer, which happens to be from Sunday night until Friday evening but that's really not cutting it.

[Rickracer]

I believe they have ties to a company that insures PBCC members. :cool:

[skidoo29]

hey guys, rickracer is right, I can't find the link to their site though. next time you see flat out on here ask him, I think he is or was vice president (I think).

warren

[eautosales]

I GUESS THATS WHY I NEVER INSURE MY BOAT:eek:

[Rickracer]

But here is the link to it: http://www.pbcc.on.ca/ :D

[CompKing]

Ya need to shop around.I have mine with State Farm and it $185 a year for full coverage!You have to have some other policy with them ,car or home.I found cheaper car insurance but the boat was 4x with them and State Farm wouldn't let me keep the boat without the car policy.:( I have had several claims over 18 years including totaling my 85 v-king and they always payed quickly and no problems.

[Barefoot Bob]

had mine insure all of its life since 1983, right trough home owners. $230.00 a year full coverage:)

[missinglink]

I also have mine with State Farm $194.00 for full coverage I have only had two claims but they paid without any problems.Boat is a 1991 Allison XR2002 with a 2.4 oval port.Hey Compking,where in MN are you?

[Boz]

Who do you deal with?

[CompKing]

Originally posted by missinglink

Compking,where in MN are you?

I live in Chaska and keep the boat up on Farm Island Lake 10 miles north of Milacs.

[Raceman]

Were you guys who have the great rates from State Farm completely honest with them in listing the boats? When I put insurance on my 26' deckboat with a 3.4/300 a couple of years ago, they wouldn't insure it without pictures and a full underwriting department review, which took a couple of weeks. They won't even talk to me about an STV and I've got my homeowner's with them and a BUNCH of cars.

If you exagerate the description of the boat and have an accident with liability you may very well find that you have no insurance in spite of the fact that the premiums are current.

Many states will now impound a boat for examination by professionals when there's an accident with serious injury or death.

[kalengray]

Try www.skisafe.com
They insured my Allison SS2000 w/280 in S. Fla.

$800.00 yr. $300,000 Liab.

Hope this helps.
John

[CompKing]

All they asked was a discription and serial #'s no pictures or how fast is it.When I had the HST too it was 3x what the V-King was which is one of the resons I kept the V-King and sold the HST.I've even told my agent how much cheaper they are than others when I was looking for cheaper car and home policys.They said it was because it was part of the homeowners.I insure my 2002 1000cc steet bike with them to for under $350 a year full coverage,I'm not complaining.:D

P.S. Cool boat Raceman:cool: :cool:

[CompKing]

I should of also said it is based on what value I chose to put on it so I only insure it for $12,000 but has $300,000 liability.

[Barefoot Bob]

I think one thing they might also take into consideration is our location. We have to pay for a whole year and use it for 6 months.My agent came came out and saw my boat. Of course my boat is a fish&ski, doest look all that fast...He just wanted to make sure it didnt go over 60:eek: :eek: Just kidding:D

[neily1]

state farm in la. will not insure my stv with a260. i have a home and camp insured with them ,3 autos ,4 trailers, atv's etc. i had to file a disclaimer about the stv on my umbrella policy. they said they would not insure anything over 70mph. good luck, but there better not be any deceit in the application.
neil

[Ally 1988]

263.00 a year based on a value of 11000.00 plus all the other garbage they threatened to cancel after second claim in 2 years in a row being insured with the boat with them now for 7 years and with State Farm now since 1982 but there is nothing out there that touches them never have been asked about speed of boat But if they do i think its only about thirtyish give or take a little.
One claim was submerged log the other my wife drove the boat across some riff raff which just banged up prop and a little cosmetic damage to hull. All total because of broken lower unit and mid section and repair to hull about 6000.00 they threatend to cancell because they said they would not be able to recoop there loss for about 10 years or so.
But my agent kept me alive on this provided I dont have anymore claims

[Boz]

Please make sure all of you check your coverages and determine , exactly, what you are covered for. Sometimes, you'll be sold a policy under the assumption you have coverage for everything but there are MANY exclusions in insurance policies. Nothing is a "tap in" so to speak. I'm an adjuster and deal with this stuff on a daily basis (property,casualty) and have seen many situations where I've had to make that dreaded call to inform that a claim isn't covered for a particular reason. Just becareful. Now having said all that, I am still having troubles locating a spot; I'm thinking of Premiere Marine in B.C.. Anyone deal or dealt with them?:cool: :confused:

[Boz]

.

[Ron V]

First of all, regarding State Farm in LA, I have my renter's insurance with them and the rumors going on down here are that State Farm is looking to pull all of their business out of Louisiana because of all of the claims. As it stands now I don't believe they are writing any more homeowners' policies but I could be wrong on that. Anyone living here is aware of the fact that car insurance is more than double what it is in most other places. The flooding and the people wearing the FUBU gear and the socks on their heads are to blame, and not in that order.

I used to be a real big advocate of insurance on boats, but over the last couple of years have taken a different stance. The fact of the matter is if you run someone over, particularly in a non-politically correct 100 mph screaming outboard, your life is for all practical purposes over whether you are insured or not. The law enforcement community in and of itself will not pass up that opportunity, let alone the attorneys that own sailboats. Your only hope would be if you killed the person and they had no relatives. Sounds cruel, but true.

However, I do have my boat insured because it is still new enough that it would be a considerable loss if it was stolen, and it is parked in an apartment parking lot. It is also good to have the $1000 medical coverage that they pay out without question in case a guest slashes their foot on the prop and needs stitches or whatever. I pay $200 a year to Boat U.S. (they were the cheapest here but I got insurance for $150 in Illinois with American Family) for 50/100 liability and $8000 actual cash value.

I do find it interesting that so many people pay high insurance rates (4 digits a year?) to protect against a one in a thousand major liability loss, yet are willing to walk into work for big corporate bastards every day who are far more likely to ruin you financially by cutting your salary from their balance sheet or by pulling some political bull**** to oust you from your job and replace you with their drinking buddies. Seeing as how most Americans are two paychecks away from bankruptcy, working for corporate America is a far bigger financial risk than running a 100 mph boat with no insurance.

[crazy horse]

My comp viper has been insured with Auto-owners sence 1974. My last bill was $187.00 that for complete full coverage. They know how fast it is because my agent has seen it run, He has a buddy that lives across the lake from my moms place. My policy still has a $25.00 deductible, The last time I talked to him about raising it he told me the I shouldn't mess with it sence it is so cheap. He did tell me that they wouldn't touch my tunnel boat no matter how fast it was. P.S. I have had three claims on viper with no problems, 1 complete XS gearcase and 2 props.

[Raysoncrafter]

RonV so eloquently stated, to wit:

"I do find it interesting that so many people pay high insurance rates (4 digits a year?) to protect against a one in a thousand major liability loss, yet are willing to walk into work for big corporate bastards every day who are far more likely to ruin you financially by cutting your salary from their balance sheet or by pulling some political bull**** to oust you from your job and replace you with their drinking buddies. Seeing as how most Americans are two paychecks away from bankruptcy, working for corporate America is a far bigger financial risk than running a 100 mph boat with no insurance."

Especially if all your retirement has been faithfully invested in the company 401K- then you gets "enron'd" :rolleyes:

Once dumped, I couldn't get hired as a company president, so I stared my own business, named myself president, and Haven't Looked Back.

My boats are insured, tho. Really well. Smith&Wesson is one of my carriers. :D

Raysoncrafter
aka DaveA

[eautosales]

ya summed it up been there done that

[bulldogdaddy]

thank god my company put their 401 into an independent broker,that way even if the corp.fails we still have our money,i hope!

[Raysoncrafter]

BulldogDaddy stated without reservation, the following:

"thank god my company put their 401 into an independent broker,that way even if the corp.fails we still have our money,i hope!"

You hope.

Man, I'd be looking at that thing and making VERY certain that there's no required percentage of your money/profit sharing/contribution etc going into a mandatory (or even voluntary) company stock purchase program without your FULL knowlege of what's going on at work.

The only way you're gonna know what's REALLY going on in the company is that you're either a member of senior management, or one of the IT (information technology, aka geek) staff members that can go where no one else can, and have a look-see at stuff. That goes for any other company your money is invested in, too. So you either have to trust who runs the company your money is entrusted to, or just realize that it's a crapshoot to some extent. But that doesn't mean that the house has to win!

Therefore, really find out just what your money is invested in. Check into their performance, their soundness, etc. Soon. And just because the 'independent broker' has control of it doesn't mean they know what they're doing. After all, stocks and other securities are mostly a crapshoot, right? So educate yourself on the options of your particular plan, and ask even what may seem to be dumb questions of the plan administrator. If you think that social security will be enough if the 401k tanks, just ask your parents.

Alrighty then. I have nothing to do with financial planning etc. This has just been my public service announcement and soapbox statement for this day, based on personal experience and a little heartache. Other opinions/statements to the contrary, etc. welcome. Sorry, BulldogDaddy, but this subject is what my brain short-circuited to.

So much for boats.....

Nighty nite.

[bulldogdaddy]

my broker is piper jaffrey,and it does not include any stock options i get from the company,thats its own entity.all my 10% goes to piper,plus my bosses match between $1 to $2.50 for every $1 i put in.