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Dec 30th, 2023
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 Boat Insurance Question
#12361549
07/27/17 10:10 PM
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Joined: Mar 2011
Posts: 371
Oldnitro
OP
Angler
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OP
Angler
Joined: Mar 2011
Posts: 371 |
Time for renewal on boat insurance.
Is agreed value policy the best way to go?
Thanks!
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Re: Boat Insurance Question
[Re: Oldnitro]
#12361609
07/27/17 10:42 PM
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Joined: Apr 2010
Posts: 1,096
barbarian
Extreme Angler
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Extreme Angler
Joined: Apr 2010
Posts: 1,096 |
I vote yes. Guarantees you don't get screwed too bad.
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Re: Boat Insurance Question
[Re: Oldnitro]
#12361626
07/27/17 10:55 PM
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Joined: May 2017
Posts: 136
TrailHand
Outdoorsman
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Outdoorsman
Joined: May 2017
Posts: 136 |
Absolutely. Value or why bother.
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Re: Boat Insurance Question
[Re: Oldnitro]
#12361685
07/28/17 12:17 AM
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Joined: Sep 2012
Posts: 811
bbassfishes
Pro Angler
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Pro Angler
Joined: Sep 2012
Posts: 811 |
Agreed value is the ONLY way to go if it is an option.
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Re: Boat Insurance Question
[Re: Oldnitro]
#12361910
07/28/17 02:49 AM
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Joined: Dec 2004
Posts: 4,939
joebass2
TFF Team Angler
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TFF Team Angler
Joined: Dec 2004
Posts: 4,939 |
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?
Last edited by joebass2; 07/28/17 02:50 AM.
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Re: Boat Insurance Question
[Re: joebass2]
#12361930
07/28/17 03:02 AM
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Joined: Jul 2004
Posts: 21,105
buda13
TFF Guru
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TFF Guru
Joined: Jul 2004
Posts: 21,105 |
. How many total losses have you heard of? 3 or 4
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Re: Boat Insurance Question
[Re: Oldnitro]
#12362098
07/28/17 08:11 AM
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Joined: Oct 2009
Posts: 450
jafish
Angler
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Angler
Joined: Oct 2009
Posts: 450 |
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.
TAKE A PHOTO HOME NOT THE FISH. CATCH AND RELEASE
Set the hook first and ask questions later.
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Re: Boat Insurance Question
[Re: Oldnitro]
#12362511
07/28/17 03:52 PM
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Joined: Feb 2005
Posts: 6,673
texasbass1
TFF Celebrity
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TFF Celebrity
Joined: Feb 2005
Posts: 6,673 |
Talk to Bob at Worldwide Marine Insurance. He will give you the straight scoop. I have Agreed value best bet for me
Last edited by texasbass1; 07/28/17 03:55 PM.
Pat Leach
USAF MSgt Retired
92 Procraft 180 Pro
24 Mercury 150 Pro XS 4 Stroke
Minn Kota Ulterra 80
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Re: Boat Insurance Question
[Re: Oldnitro]
#12362588
07/28/17 04:35 PM
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Joined: May 2010
Posts: 1,217
Classic Fiberglass
Extreme Angler
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Extreme Angler
Joined: May 2010
Posts: 1,217 |
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.
Chris
940-458-0164
Chris@classic-fiberglass.com
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Re: Boat Insurance Question
[Re: Classic Fiberglass]
#12362882
07/28/17 08:09 PM
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Joined: Nov 2008
Posts: 6,182
coachallentca
TFF Celebrity
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TFF Celebrity
Joined: Nov 2008
Posts: 6,182 |
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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Re: Boat Insurance Question
[Re: Oldnitro]
#12362896
07/28/17 08:20 PM
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Joined: Mar 2007
Posts: 16,329
forkduc
TFF Guru
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TFF Guru
Joined: Mar 2007
Posts: 16,329 |
There is a sub forum for this.
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