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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 Online   content
Pro Angler

Registered: 04/21/10
Posts: 618
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: 88
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: 576
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: 3833
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 Offline


Registered: 07/02/04
Posts: 17260
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: 333
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
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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: 5487
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: 846
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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Chris
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#12362831 - 07/28/17 02:30 PM Re: Boat Insurance Question [Re: oldnitro]
361V Online   content
TFF Team Angler

Registered: 11/21/08
Posts: 4463
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 Offline
TFF Team Angler

Registered: 11/19/08
Posts: 3920
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: 11124
Loc: Plano,Texas
There is a sub forum for this.

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