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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: 24,666
Frisco, Texas
RedRanger Online content
burro desagradable
RedRanger  Online Content
burro desagradable

Joined: Aug 2003
Posts: 24,666
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: 1,548
Texas Waters
W
Woods & Water Offline
Extreme Angler
Woods & Water  Offline
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W

Joined: Jun 2011
Posts: 1,548
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: 2,477
spring tx
J
J Rankin Offline
Extreme Angler
J Rankin  Offline
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J

Joined: Aug 2009
Posts: 2,477
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"
www.Foragelures.com "Pro Staff"
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
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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: 79,063
riverby flats telephone Tx.
hopalong Offline
Pumpkin Head
hopalong  Offline
Pumpkin Head

Joined: Sep 2008
Posts: 79,063
riverby flats telephone Tx.
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: 48
Lake Palestine
J
jla11868 Offline
Outdoorsman
jla11868  Offline
Outdoorsman
J

Joined: Jan 2017
Posts: 48
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: 3,674
Arlington
B
Bobby Milam Offline
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Bobby Milam  Offline
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Joined: Jul 2014
Posts: 3,674
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: 53,765
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,765
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: 53,765
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,765
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
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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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http://www.gleasonfishing.com/ Darold Gleason (Toledo Bend Guide)
2004 Stratos Complete Restoration 2014!!! With Much Gratitude to:
Cal's Marine/Azle,Texas (817)300-2827
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: 53,765
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,765
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: 53,765
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,765
Campbell, TX
State Farm and progressive offer agreed value policies

Re: Boat Insurance For Older Boats [Re: lonestar] #12152642
03/22/17 02:17 PM
03/22/17 02:17 PM
Joined: Mar 2015
Posts: 364
Fort Worth, TX
8
89javelin100 Offline
Angler
89javelin100  Offline
Angler
8

Joined: Mar 2015
Posts: 364
Fort Worth, TX
Hmmm. please keep any info coming. I wanna know the nitty gritty and as skeeter ronnie said he thought he had the right one and NOPE.... I called your office several months Bob and didn't get much done. Also is buying a policy from out of state several states a good idea?????

Re: Boat Insurance For Older Boats [Re: lonestar] #12395850
08/22/17 09:49 AM
08/22/17 09:49 AM
Joined: Mar 2003
Posts: 1,292
Cisco,tx
scruboak Offline
Extreme Angler
scruboak  Offline
Extreme Angler

Joined: Mar 2003
Posts: 1,292
Cisco,tx
bolt most insurance (State Farm) worst company I ever dealt with.

Re: Boat Insurance For Older Boats [Re: lonestar] #12397592
08/23/17 03:31 PM
08/23/17 03:31 PM
Joined: Feb 2005
Posts: 6,462
The Colony, TX
T
texasbass1 Offline
TFF Celebrity
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The Colony, TX
I have a 92 model and Bob got me great insurance with a stated value policy. A lot of companies won't cover older boats or if they do won't cover much. Give Bob a call and see what he can do. I've had him as my agent for at least 5 yrs now, had a couple of claims (lower unit, transom, trailer, all at different times) handled quickly and painlessly.


Pat Leach
USAF MSgt Retired
93 Procraft 180 Pro
16 Mercury 150 4 Stroke
Minn Kota Ulterra 80
Re: Boat Insurance For Older Boats [Re: lonestar] #12449889
10/02/17 03:12 PM
10/02/17 03:12 PM
Joined: Oct 2017
Posts: 2
Houston, Texas
S
Sphynx Offline
Green Horn
Sphynx  Offline
Green Horn
S

Joined: Oct 2017
Posts: 2
Houston, Texas
There are so many and all with similar premium. This is my first boat so don't want to get stuck with bad insurance. I found United Marine Underwriters, Insurers: American Modern Insurance Group. They seem to have great coverage for good cost, anyone deal with them in the past.

Re: Boat Insurance For Older Boats [Re: lonestar] #12481627
10/28/17 12:35 AM
10/28/17 12:35 AM
Joined: Jan 2008
Posts: 1,906
San Antonio, Tx, 78227
C
Catch&Release-Me-Again Offline
Extreme Angler
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C

Joined: Jan 2008
Posts: 1,906
San Antonio, Tx, 78227
State Farm is IMHO the best, have had it for many years. Friend of mine had Progressive, nightmare, denied claim, costly mistake by my friend.

Re: Boat Insurance For Older Boats [Re: lonestar] #12722515
04/19/18 01:19 PM
04/19/18 01:19 PM
Joined: Apr 2018
Posts: 5
A
AllieHyder Offline
Green Horn
AllieHyder  Offline
Green Horn
A

Joined: Apr 2018
Posts: 5
We offer agreed value policies at Charter Lakes Marine Insurance, even for older vessels. We are a wholesaler, and underwrite each risk as its own. We take into consideration any upgrades or repairs and value the vessel at what its really worth. When your ready to shop your current insurance, give me call! I am happy to help smile

Allie Hyder
Charter Lakes- Texas Office
281-452-7800
Alexandra_Hyder@ajg.com

Re: Boat Insurance For Older Boats [Re: lonestar] #12729831
04/25/18 12:00 PM
04/25/18 12:00 PM
Joined: Aug 2011
Posts: 2,848
Austin, Tx
B
Bob Landry Offline
Extreme Angler
Bob Landry  Offline
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B

Joined: Aug 2011
Posts: 2,848
Austin, Tx
State Farm jacked me on a RV claim several years ago and wanted twice the premium price to insure my boat over Bob @Worldwide. I would never use them for a boat.


2015 Seaark 1872 MV CC Etec-90
Two Helix 12 CHIRP SI's, , MinnKota Riptide ST80/i-pilot Link, Bob's Hydraulic
2018 Robalo R180 CC, Yamaha 115

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Re: Boat Insurance For Older Boats [Re: lonestar] #12773298
05/29/18 08:03 PM
05/29/18 08:03 PM
Joined: Jul 2002
Posts: 3,245
GARLAND/CANTON TX.
S
SNAKEBIT Offline
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SNAKEBIT  Offline
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Joined: Jul 2002
Posts: 3,245
GARLAND/CANTON TX.
been with Bob @ WORLDWIDE/ American modern ins quite some time.
have and agreed value policy.never had a claim
having to hash things out now after a stump incident at Fork.
they are telling me that since the boat is a 1999 that depreciation on the lower unit repair is 80 % !!!!!!
1500.00 on the estimate to repair so that would leave me with a 1200.00 repair!!
that's 3 years worth of insurance payments!!


Pro Staff




Re: Boat Insurance For Older Boats [Re: lonestar] #12773769
05/30/18 06:00 AM
05/30/18 06:00 AM
Joined: Feb 2003
Posts: 53,765
Campbell, TX
SkeeterRonnie Offline
Super Freak
SkeeterRonnie  Offline
Super Freak

Joined: Feb 2003
Posts: 53,765
Campbell, TX
.

Last edited by SkeeterRonnie; 05/30/18 12:20 PM.
Re: Boat Insurance For Older Boats [Re: lonestar] #12775616
05/31/18 05:56 PM
05/31/18 05:56 PM
Joined: Jul 2002
Posts: 3,245
GARLAND/CANTON TX.
S
SNAKEBIT Offline
TFF Team Angler
SNAKEBIT  Offline
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Joined: Jul 2002
Posts: 3,245
GARLAND/CANTON TX.
well update on the problems!
pays to keep your stuff in good condition and save paperwork on maintenance !!!!
after looking things over the insurance co. is paying 100 % on the claim, lower unit and 2600 in gelcoat repair !!!
no depreciation and since i have vanishing deductible after 6 years, 0 $ out of pocket !!!
and check got here in 3 days!

Last edited by SNAKEBIT; 06/05/18 03:57 PM. Reason: more info
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