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Jan 23rd, 2013
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Boat Insurance For Older Boats #11687330
06/24/16 10:23 PM
06/24/16 10:23 PM
Joined: Jul 2001
Posts: 496
Grandview, TX
lonestar Offline OP
Angler
lonestar  Offline OP
Angler

Joined: Jul 2001
Posts: 496
Grandview, TX
Is it possible to insure boats that are more than 10 years old. Have a 2002 Triumph Center Console with 2002 140 hp 4 stroke Suzuki. It is in really good shape. Can this boat and motor be insured?

Re: Boat Insurance For Older Boats [Re: lonestar] #11689285
06/26/16 11:35 AM
06/26/16 11:35 AM
Joined: Aug 2003
Posts: 24,223
Frisco, Texas
RedRanger Offline
burro desagradable
RedRanger  Offline
burro desagradable

Joined: Aug 2003
Posts: 24,223
Frisco, Texas
Of course it can be insured

Re: Boat Insurance For Older Boats [Re: lonestar] #11689404
06/26/16 01:48 PM
06/26/16 01:48 PM
Joined: Jun 2011
Posts: 1,539
Texas Waters
W
Woods & Water Offline
Extreme Angler
Woods & Water  Offline
Extreme Angler
W

Joined: Jun 2011
Posts: 1,539
Texas Waters
Originally Posted By: lonestar
Is it possible to insure boats that are more than 10 years old. Have a 2002 Triumph Center Console with 2002 140 hp 4 stroke Suzuki. It is in really good shape. Can this boat and motor be insured?


Yes sir, it should be insured if it has any substantial value unless you are willing to accept the risk yourself and pay for any damages if they occur. In most cases the cost of insurance on an older boat is reasonable and worth it for peace of mind not to mention the liability when on the water with others.

Re: Boat Insurance For Older Boats [Re: lonestar] #11797538
08/26/16 03:26 AM
08/26/16 03:26 AM
Joined: Aug 2009
Posts: 2,476
spring tx
J
J Rankin Offline
Extreme Angler
J Rankin  Offline
Extreme Angler
J

Joined: Aug 2009
Posts: 2,476
spring tx
I just got my 99 skeeter 202c insured through charter and was only $278.00 a year.. Full tournament coverage


99 skeeter 202c w/ yam vmax 200
My Sponsors

www.BassBoatSeats.com
www.TheRodGlove.com "Pro Staff"
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www.doubledavespizza.com
Impulse Rods "pro staff"
Re: Boat Insurance For Older Boats [Re: lonestar] #11798930
08/26/16 09:53 PM
08/26/16 09:53 PM
Joined: Jan 2009
Posts: 170
Insurancepro Offline
Outdoorsman
Insurancepro  Offline
Outdoorsman

Joined: Jan 2009
Posts: 170
Getting insurance for a older boat is easy. Just be careful on what you buy. A lot of companies will have depreciation on machinery. I have been able to help a lot of the members here to better understand Marine insurance. Feel free to give me a call if I can help in anyway. Thanks Bob Luellen 800-339-1235

Re: Boat Insurance For Older Boats [Re: lonestar] #11997024
12/21/16 08:24 PM
12/21/16 08:24 PM
Joined: Apr 2008
Posts: 586
Lewisville, TX
8
83falcon Offline
Pro Angler
83falcon  Offline
Pro Angler
8

Joined: Apr 2008
Posts: 586
Lewisville, TX
I had an appraisal done on my 82 falcon and 2013 aluminum trailer. I then took it to AAA and had them do a agreed to value policy. If not, like with my claim with Allstate, I would get dinged 2% of each year of the boats age. It hurt bad when they deducted 50% from my repair bill.

Re: Boat Insurance For Older Boats [Re: lonestar] #12094005
02/14/17 08:19 PM
02/14/17 08:19 PM
Joined: Sep 2008
Posts: 78,902
drake river ranch telephone T...
hopalong Online content
Pumpkin Head
hopalong  Online Content
Pumpkin Head

Joined: Sep 2008
Posts: 78,902
drake river ranch telephone T...
I carry 300,000 liability and 5,000 medical per person on an 82 champion 184.

just got my bill, 75.00 a yr.


lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
Re: Boat Insurance For Older Boats [Re: hopalong] #12095040
02/15/17 12:41 PM
02/15/17 12:41 PM
Joined: Jan 2017
Posts: 47
Lake Palestine
J
jla11868 Offline
Outdoorsman
jla11868  Offline
Outdoorsman
J

Joined: Jan 2017
Posts: 47
Lake Palestine
what ins co. do you have?

Re: Boat Insurance For Older Boats [Re: lonestar] #12127612
03/06/17 11:28 PM
03/06/17 11:28 PM
Joined: Jul 2014
Posts: 3,619
Arlington
B
Bobby Milam Offline
TFF Team Angler
Bobby Milam  Offline
TFF Team Angler
B

Joined: Jul 2014
Posts: 3,619
Arlington
My bad I clicked wrong section

Last edited by Bobby Milam; 03/06/17 11:29 PM.
Re: Boat Insurance For Older Boats [Re: Insurancepro] #12130291
03/08/17 02:40 AM
03/08/17 02:40 AM
Joined: Feb 2003
Posts: 53,679
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,679
Campbell, TX
Originally Posted By: Insurancepro
Getting insurance for a older boat is easy. Just be careful on what you buy. A lot of companies will have depreciation on machinery. I have been able to help a lot of the members here to better understand Marine insurance. Feel free to give me a call if I can help in anyway. Thanks Bob Luellen 800-339-1235


the policy you sold me was depreciable, and I was unaware of that little item until I filed a claim last week. i will be calling your tomorrow to discuss
Ronnie Manning

Re: Boat Insurance For Older Boats [Re: lonestar] #12140947
03/14/17 09:08 PM
03/14/17 09:08 PM
Joined: Feb 2003
Posts: 53,679
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,679
Campbell, TX
Update: worldwide couldn't get it done! State Farm came back with better coverage for $20 more than the Progressive policy they were quoting me. Plus I've heard horror stories about progressive in the past.
So State Farm won this go round!

And I'm still hot about being sold a depreciable policy from Worldwide last year. Didn't realize it until a claim. Only saving grace was I only have 234 hours in my boat ! They depreciated $580 off $4100. With a $500 deductible. If I had more hours it would be significantly higher depreciation! These guys were supposed to be better than that and work for the consumer! That's what I get for trusting them and not digging deeper into my policy! Lesson learned!

Last edited by SkeeterRonnie; 03/14/17 09:13 PM.
Re: Boat Insurance For Older Boats [Re: SkeeterRonnie] #12145294
03/17/17 02:08 PM
03/17/17 02:08 PM
Joined: Mar 2013
Posts: 9,168
Wise County Texas
Lee in Texas Offline
TFF Celebrity
Lee in Texas  Offline
TFF Celebrity

Joined: Mar 2013
Posts: 9,168
Wise County Texas
Hmmmmmm....my insurance is coming due and this is a point that I guess I haven't given that much thought to. My rig is older and less than 200 hours on the Johnson power plant but, I would like to at least carry enough to recover my losses (should anything happen) and my equipment. Not unreasonable I think.
Perhaps I need to talk to Bob again as well before I 'renew' !!!
Good info....thanks
God Bless
Lee

Originally Posted By: SkeeterRonnie
Originally Posted By: Insurancepro
Getting insurance for a older boat is easy. Just be careful on what you buy. A lot of companies will have depreciation on machinery. I have been able to help a lot of the members here to better understand Marine insurance. Feel free to give me a call if I can help in anyway. Thanks Bob Luellen 800-339-1235


the policy you sold me was depreciable, and I was unaware of that little item until I filed a claim last week. i will be calling your tomorrow to discuss
Ronnie Manning


http://www.finfeatherresort.com/index.asp - Best Folks on Toledo Bend !!!
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Re: Boat Insurance For Older Boats [Re: lonestar] #12146372
03/18/17 03:12 AM
03/18/17 03:12 AM
Joined: Feb 2003
Posts: 53,679
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,679
Campbell, TX
Make sure you compare the quote with State Farm 972-231-1988. Doesn't hurt to shop

Last edited by SkeeterRonnie; 03/18/17 03:12 AM.
Re: Boat Insurance For Older Boats [Re: lonestar] #12147635
03/19/17 02:01 PM
03/19/17 02:01 PM
Joined: Feb 2011
Posts: 2
O
O-hello Offline
Green Horn
O-hello  Offline
Green Horn
O

Joined: Feb 2011
Posts: 2
Most boat policies are ACV (Actual Cash Value = Current cost to repair or replacement cost minus depreciation). The one post above for $75 is just liability with no coverage for boat or motor or trailer.

If someone tells you an over 10 year boat is full replacement cost you will want to have them highlight that in the policy booklet AND make sure there are NO EXCLUSIONS in another part of the policy.

I have my 1968 houseboat insured at $11000 for hull coverage, there is always a value but depreciation is used in 98% of boat policies.

Re: Boat Insurance For Older Boats [Re: lonestar] #12147695
03/19/17 02:50 PM
03/19/17 02:50 PM
Joined: Feb 2003
Posts: 53,679
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,679
Campbell, TX
State Farm and progressive offer agreed value policies

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