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Insurance $$ ??
#10316915
09/29/14 09:03 PM
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Joined: Nov 2008
Posts: 7,610
361V
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Nov 2008
Posts: 7,610 |
I know people regularly ask for recommendations for insurance companies of the TFF but nobody ever actually shares what they pay. I know it's "apples to oranges" unless you compare limits, deductables, additional libility and actual boat value but it's helpful to know "ballparks" of what others are paying with their recommendations. I feel I'm paying too much based on what all my automotive insurance runs. I have State Farm. $50,000 valuation, $500 deductable, extra $250,000 personal liability and I pay almost exactally $1000.00 a year. No claims. Do I need to shop when this policy comes up in a month? Thank's 361V.
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Re: Insurance $$ ??
[Re: 361V]
#10316973
09/29/14 09:30 PM
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Joined: Mar 2008
Posts: 3,228
YankHardReelFast
TFF Team Angler
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TFF Team Angler
Joined: Mar 2008
Posts: 3,228 |
2009 Champion 210 250 Yamaha
$37k hull/machinery coverage ($278 deductible) $1k towing $4k trailer ($188 deductible) $300k liability $854k contaminant/pollution $300k unisured boater $8k personal effects ($100 deductible)
$645/yr
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Re: Insurance $$ ??
[Re: 361V]
#10316991
09/29/14 09:38 PM
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Joined: Jul 2004
Posts: 5,363
Alex K.
TFF Celebrity
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TFF Celebrity
Joined: Jul 2004
Posts: 5,363 |
I have State Farm. Between boat, trailer, and contents I have 38k worth of coverage, 300k liability, 250 deductable, a little under 550/year.
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Re: Insurance $$ ??
[Re: 361V]
#10317047
09/29/14 09:58 PM
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Joined: May 2013
Posts: 954
JoeFriday
Pro Angler
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Pro Angler
Joined: May 2013
Posts: 954 |
Cool. I'll play since I'm curious what people are paying as well.
Boat - 2000 Skeeter ZX202, 2000 Yamaha 200hp Coverage - Liability $500K CSL, Uninsured Boater $500K CSL, Medical Payments $5K/person, $250 deductible Comp, $1K deductible Collision, $1K personal effects, $5K Fishing Equipment coverage
Premium - $320/year
This space for rent
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Re: Insurance $$ ??
[Re: 361V]
#10317135
09/29/14 10:44 PM
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Joined: Feb 2011
Posts: 1,991
sprigsss
Extreme Angler
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Extreme Angler
Joined: Feb 2011
Posts: 1,991 |
I just financed a Skeeter SX 220 with 250 hp Yamaha SHO.
I have $60,000 in coverage, and $250 deductible. I'm paying about $500/year.
My sister is a State Farm Agent and she quoted me ~$1200/year with the $250 deductible and $1000/year with a $500 deductible. Financing institution would not loan with a $500 deductible.
State Farm will also not have marine adjusters. My sister even suggested I go with an insurance company that specializes in the marine industry.
I went with West Coast Marine. Since my sister is an agent I usually don't even shop around for insurance. Thankfully Fain at Fun-N-Sun told me, "Buddy let me just get you a quote real quick." About 2 mins later he put a quote in front of me for more than half the price my sister could offer me.
Good Luck.
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Re: Insurance $$ ??
[Re: sprigsss]
#10319173
09/30/14 08:58 PM
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Joined: Sep 2003
Posts: 4,343
MV
TFF Team Angler
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TFF Team Angler
Joined: Sep 2003
Posts: 4,343 |
I just financed a Skeeter SX 220 with 250 hp Yamaha SHO.
I have $60,000 in coverage, and $250 deductible. I'm paying about $500/year.
My sister is a State Farm Agent and she quoted me ~$1200/year with the $250 deductible and $1000/year with a $500 deductible. Financing institution would not loan with a $500 deductible.
State Farm will also not have marine adjusters. My sister even suggested I go with an insurance company that specializes in the marine industry.
I went with West Coast Marine. Since my sister is an agent I usually don't even shop around for insurance. Thankfully Fain at Fun-N-Sun told me, "Buddy let me just get you a quote real quick." About 2 mins later he put a quote in front of me for more than half the price my sister could offer me.
Good Luck. yes
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Re: Insurance $$ ??
[Re: 361V]
#10319176
09/30/14 08:59 PM
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Joined: Sep 2003
Posts: 4,343
MV
TFF Team Angler
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TFF Team Angler
Joined: Sep 2003
Posts: 4,343 |
I know people regularly ask for recommendations for insurance companies of the TFF but nobody ever actually shares what they pay. I know it's "apples to oranges" unless you compare limits, deductables, additional libility and actual boat value but it's helpful to know "ballparks" of what others are paying with their recommendations. I feel I'm paying too much based on what all my automotive insurance runs. I have State Farm. $50,000 valuation, $500 deductable, extra $250,000 personal liability and I pay almost exactally $1000.00 a year. No claims. Do I need to shop when this policy comes up in a month? Thank's 361V. yes
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Re: Insurance $$ ??
[Re: 361V]
#10328081
10/05/14 02:42 AM
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Joined: Oct 2003
Posts: 962
Jobie99
Pro Angler
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Pro Angler
Joined: Oct 2003
Posts: 962 |
I have one beacon, pay about $40 a month for a 3 year old skeeter and when I hit a rock and needed a lower unit they took care of me
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Re: Insurance $$ ??
[Re: 361V]
#10340355
10/10/14 04:21 PM
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Joined: Jul 2011
Posts: 82
mehall1087
Outdoorsman
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Outdoorsman
Joined: Jul 2011
Posts: 82 |
I am a State Farm agent and insure a lot of boats. Not sure what the sister is talking about but we have top notch claim service on boats. I can give you references if you need.
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Re: Insurance $$ ??
[Re: 361V]
#10623441
02/16/15 11:56 PM
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Joined: Jan 2007
Posts: 118
worm007
Outdoorsman
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Outdoorsman
Joined: Jan 2007
Posts: 118 |
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Re: Insurance $$ ??
[Re: worm007]
#10628728
02/18/15 10:32 PM
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Joined: Jun 2011
Posts: 2,226
Jimfishes
Extreme Angler
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Extreme Angler
Joined: Jun 2011
Posts: 2,226 |
Yep, they are high but considered good. I switched to GEICO for autos and home is with Liberty Mutual.
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Re: Insurance $$ ??
[Re: worm007]
#10632203
02/20/15 05:05 AM
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Joined: Mar 2008
Posts: 2,628
brandon f.
Extreme Angler
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Extreme Angler
Joined: Mar 2008
Posts: 2,628 |
They may charge more... but I would bet my paycheck that their "average" pay out is more for claims than the "other" companies.
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