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Max Online: 36273 @ 01/23/13 02:34 PM
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#12361549 - 07/27/17 05:10 PM Boat Insurance Question
oldnitro Offline
Angler

Registered: 03/16/11
Posts: 288
Time for renewal on boat insurance.
Is agreed value policy the best way to go?
Thanks!

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#12361609 - 07/27/17 05:42 PM Re: Boat Insurance Question [Re: oldnitro]
barbarian Offline
Pro Angler

Registered: 04/21/10
Posts: 621
I vote yes. Guarantees you don't get screwed too bad.

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#12361626 - 07/27/17 05:55 PM Re: Boat Insurance Question [Re: oldnitro]
TrailHand Offline
Outdoorsman

Registered: 05/18/17
Posts: 91
Absolutely. Value or why bother.

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#12361685 - 07/27/17 07:17 PM Re: Boat Insurance Question [Re: oldnitro]
bbassfishes Offline
Pro Angler

Registered: 09/30/12
Posts: 577
Loc: Granbury, TX
Agreed value is the ONLY way to go if it is an option.
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#12361910 - 07/27/17 09:49 PM Re: Boat Insurance Question [Re: oldnitro]
joebass2 Offline
TFF Team Angler

Registered: 12/11/04
Posts: 3859
Loc: Lewisville, texas
Just remember that agreed value policies only pay out more in a complete loss. Hitting a stump, trailer damage, knocking a hole in the boat, knocking off a lower unit....... it pays the same. How many total losses have you heard of?


Edited by joebass2 (07/27/17 09:50 PM)

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#12361930 - 07/27/17 10:02 PM Re: Boat Insurance Question [Re: joebass2]
buda13 Online   happy


Registered: 07/02/04
Posts: 17389
Loc: NRH, TX
Originally Posted By: joebass2
. How many total losses have you heard of?


3 or 4
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#12362098 - 07/28/17 03:11 AM Re: Boat Insurance Question [Re: oldnitro]
jafish Offline
Angler

Registered: 10/02/09
Posts: 335
Loc: lubbock,tx
That may work well on a little older boat. I'm talking about a very nice boat but older and they don't want to pay anything when it gets killed. This older boat may have been updated with new seats,carpet and so on. If it's worth more than the book shows you may need to make an adjustment. If the insurance co. will go along with you. You may need to show them some invoices on the money you dumped into the boat.
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TAKE A PHOTO HOME NOT THE FISH. CATCH AND RELEASE
Set the hook first and ask questions later.

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#12362511 - 07/28/17 10:52 AM Re: Boat Insurance Question [Re: oldnitro]
texasbass1 Offline
TFF Celebrity

Registered: 02/12/05
Posts: 5542
Loc: The Colony, TX
Talk to Bob at Worldwide Marine Insurance. He will give you the straight scoop. I have Agreed value best bet for me


Edited by texasbass1 (07/28/17 10:55 AM)
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Pat Leach



USAF MSgt Retired

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#12362588 - 07/28/17 11:35 AM Re: Boat Insurance Question [Re: oldnitro]
Classic Fiberglass Offline
Pro Angler

Registered: 05/19/10
Posts: 849
Loc: Denton, Texas
We see about one total loss a month. Its in your best interest to pay for a agreed value policy. You don't have to agree on a value that's way above the actual value. If its a $15000 boat insure it for $20000. That will make sure all your electronics and everything are paid for. You will be paying around $60 a year more in premiums.
Always make sure you have enough coverage on your trailer. Most only insure the trailer for $1000-$1500 and that wont buy any good trailer.
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#12362831 - 07/28/17 02:30 PM Re: Boat Insurance Question [Re: oldnitro]
361V Offline
TFF Team Angler

Registered: 11/21/08
Posts: 4480
Loc: somervell county
http://worldwidemarineins.com/ Great reviews on the TFF and saved me 1/2 over State Farm for better coverage.
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#12362882 - 07/28/17 03:09 PM Re: Boat Insurance Question [Re: Classic Fiberglass]
coachallentca Online   content
TFF Team Angler

Registered: 11/19/08
Posts: 3949
Loc: crowley
Originally Posted By: Classic Fiberglass
We see about one total loss a month. Its in your best interest to pay for a agreed value policy. You don't have to agree on a value that's way above the actual value. If its a $15000 boat insure it for $20000. That will make sure all your electronics and everything are paid for. You will be paying around $60 a year more in premiums.
Always make sure you have enough coverage on your trailer. Most only insure the trailer for $1000-$1500 and that wont buy any good trailer.


This is what I did..^^^^
_________________________


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#12362896 - 07/28/17 03:20 PM Re: Boat Insurance Question [Re: oldnitro]
forkduc Offline
TFF Guru

Registered: 03/28/07
Posts: 11231
Loc: Plano,Texas
There is a sub forum for this.

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