Cat Boat Insurance Update !

[Tightrig 12]

I recently landed an insurance policy for my 23 Eliminator.
A contact at Skater boats hooked me up with Tanah at "Wozencraft ins" full value boat and trailer coverage, 500,000 liability, medical, personal items, towing, etc for under $400/ year.
I was truthful on application for boat speeds and type. Policy states 23 Eliminator Tunnel.
Feel free to contact me for Tanah contact info.
Bart

[conmax]

i am afraid that $400 is a function more of the low value of your boat than the performance. they wanted about 4k annually for my new 28 speedster with twin 400's. i found another company with same coverage for $2750. Still too much for "wacker" fishing motors IMO.

[Tightrig 12]

My Eliminator in a 88 with twin Johnson 225 v6
It's all relative.. 400 is better than average from the previous 5 company's that ended up with denial because of tunnel hull.
They gave me excellent coverage for what I paid and replacement value.
Liability was my main concern....i know $500,000 is not much but it's something.
B

[Tightrig 12]

I can imagine that a new 28 of anything would be a little spend.
Wozencraft quoted you 4k ?

[MattGreen]

My Eliminator in a 88 with twin Johnson 225 v6
It's all relative.. 400 is better than average from the previous 5 company's that ended up with denial because of tunnel hull.
They gave me excellent coverage for what I paid and replacement value.
Liability was my main concern....i know $500,000 is not much but it's something.
B

The fact you got decent insurance is a start. Now go for a separate umbrella liability policy to top up the liability to a few million.

Matt

[Li'l Toy]

The fact you got decent insurance is a start. Now go for a separate umbrella liability policy to top up the liability to a few million.

Matt
What he said! Umbrella is relatively cheap.

[Tightrig 12]

Thanks Matt
Yes...i Did talk with my agent on that....im going to pursue that at beginning of boating season.
Bart

[engineermike]

Umbrella is cheap. Raising liability limits on everything high enough to qualify for umbrella is expensive!

[mjw930]

Umbrella is cheap. Raising liability limits on everything high enough to qualify for umbrella is expensive!

Exactly but depending on your situation it may be worth the expense.

[Tightrig 12]

I wad denied on all the other insurance companies because of tunnel hull and was only getting 300,000 liability for the same premium.
I'm going to check both ways, raising liability and u.brella.
I'm locked in now even though season doesn't start till May

[HighVelocity22]

Send me that info! I’m in Miami and would like to insure my boat but companies like Geico for example which I have my truck insured with want $200+ per MONTH to insure my ‘86 22’ Velocity!!

[Tightrig 12]

Should be no problem with Wozencraft
Tanah at Wozencraft Ins 949-466-0478
Make sure you talk with her...
Thanks,
Bart Acino

[WILDMAN]

That's because they steal everything in Miami!



Send me that info! I’m in Miami and would like to insure my boat but companies like Geico for example which I have my truck insured with want $200+ per MONTH to insure my ‘86 22’ Velocity!!

[HighVelocity22]

That's because they steal everything in Miami!
Ha ha this is true man and it’s sad. Always have to worry about my boat which is why I want it insured.

[mjw930]

That's because they steal everything in Miami!

Yep, the first question asked is this Miami/Dade. You say yes and they hang up unless it’s a big boat.

Strike 1 - Fast boat
Strike 2 - Under 26’
Strike 3 - South Florida (or for many companies just Florida)