|
Forums59
Topics1,057,597
Posts14,287,259
Members144,611
| |
Most Online39,925
Dec 30th, 2023
|
|
 When to self insure boat?
#15064449
05/04/24 09:21 PM
|
Joined: Apr 2011
Posts: 3
wallfishin
OP
Green Horn
|
|
OP
Green Horn
Joined: Apr 2011
Posts: 3 |
2008 Procraft super pro I bought new, original 200hp optimax. Always stored indoors. I just updated with Lowrance ghost, Active target, 12 inch lowrance and 2- 9 inch lowrance. I fish out of it regularly and still love the boat. Paying $1200 @ year to state farm, never had a claim. Wondering if I should drop insurance. Hard to get a clear value on a 15 year old boat with new electronics? I feel like I have paid thousands upon thousands on insurance for boats, cars, home, etc etc and rarely had a claim. JW if I should eliminate this bill and self insure? I hear a frequent claim is lower unit. But I could have bought multiple lower units for all I have paid on insurance for this boat...
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15064668
05/05/24 02:45 AM
|
Joined: Jul 2013
Posts: 9,802
RCarter
TFF Celebrity
|
|
TFF Celebrity
Joined: Jul 2013
Posts: 9,802 |
Shop around and get some quotes.....$1200 seems high without knowing details of the policy.
WORK HARD.....FISH HARDER!
GOD is Great...BEER is Good...and PEOPLE are CrAZy
billy currington
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15065211
05/05/24 08:17 PM
|
Joined: Mar 2003
Posts: 3,757
PowerLizard
TFF Team Angler
|
|
TFF Team Angler
Joined: Mar 2003
Posts: 3,757 |
Maybe drop coverage down to liability only. You want some level of protection when little Johnny wrecks Daddy’s jet ski into your boat.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15067959
05/08/24 10:11 PM
|
Joined: Feb 2020
Posts: 220
T21x
Outdoorsman
|
|
Outdoorsman
Joined: Feb 2020
Posts: 220 |
Progressive 2004 Triton with newer electronics. Full coverage $480.00 a year
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15071349
05/12/24 10:40 PM
|
Joined: May 2007
Posts: 45,065
WAWI
TFF Guru
|
|
TFF Guru
Joined: May 2007
Posts: 45,065 |
Progressive 2021 basscat p2 I believe it has agreed upon value of 50k but I will have to double check. 500k liability because my umbrella requires that much. Last year was 580. Haven't got new quote yet.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15071355
05/12/24 10:50 PM
|
Joined: Apr 2017
Posts: 15,042
tmd11111
TFF Guru
|
|
TFF Guru
Joined: Apr 2017
Posts: 15,042 |
Foremost (Farmers) 2017 Phoenix 920 Pro agreed upon value of $52k. Also have $20k for accessories and tackle. Just got my renewal and didn't get an increase which is surprising since auto and home rates went up so much. $691 with $500 deductible.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15075094
05/16/24 07:59 PM
|
Joined: Mar 2012
Posts: 1,913
4Weight
Extreme Angler
|
|
Extreme Angler
Joined: Mar 2012
Posts: 1,913 |
I have an 03 Triton with all the bells and whistles and new motor insured for 30K and mine is 263.00 a year.. 1200 a year? You are getting ripped off. Check Foremost.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15366901
04/01/25 10:30 PM
|
Joined: Jan 2010
Posts: 7,631
Dognot
TFF Celebrity
|
|
TFF Celebrity
Joined: Jan 2010
Posts: 7,631 |
I self insure when I can afford to replace out of my pocket or do without it, That goes for anything I own.
The only thing worse than a porta potty in the wintertime is a porta potty in the summertime.
You can’t stop the man from learning the hard way or he will continue to be stupid. It’s just the way it has to be......Mudshark
The Lion and Tiger may be king of the jungle. But the wolf doesn't perform in the circus.....UGLYSHCTICK
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15367410
04/02/25 03:38 PM
|
Joined: Sep 2003
Posts: 4,479
MV
TFF Team Angler
|
|
TFF Team Angler
Joined: Sep 2003
Posts: 4,479 |
2008 Procraft super pro I bought new, original 200hp optimax. Always stored indoors. I just updated with Lowrance ghost, Active target, 12 inch lowrance and 2- 9 inch lowrance. I fish out of it regularly and still love the boat. Paying $1200 @ year to state farm, never had a claim. Wondering if I should drop insurance. Hard to get a clear value on a 15 year old boat with new electronics? I feel like I have paid thousands upon thousands on insurance for boats, cars, home, etc etc and rarely had a claim. JW if I should eliminate this bill and self insure? I hear a frequent claim is lower unit. But I could have bought multiple lower units for all I have paid on insurance for this boat... Check progressive. If you have house and auto with them. I would shop that too.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15367457
04/02/25 04:35 PM
|
Joined: Jan 2020
Posts: 388
Unclebubba
Angler
|
|
Angler
Joined: Jan 2020
Posts: 388 |
I was self insuring my boat (2000 Nitro) up until last month. I had to get insurance in order to be able to captain at the HS tournaments. I went with Breakwater Insurance www.bwinow.com because they are a sister company to mine. I don't get a discount, and it was around $225ish a year. I would shop around if you still want coverage.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15373425
04/09/25 06:11 PM
|
Joined: Nov 2014
Posts: 27,380
SteezMacQueen
TFF Guru
|
|
TFF Guru
Joined: Nov 2014
Posts: 27,380 |
That’s about the same I pay on a $120,000 new bass boat with $300,000 liability through Allstate. I think you should be considerably less
Eat. Sleep. Fish.
|
|
|
Re: When to self insure boat?
[Re: wallfishin]
#15373882
04/10/25 10:56 AM
|
Joined: Mar 2011
Posts: 15,562
Bandit 200 XP
TFF Guru
|
|
TFF Guru
Joined: Mar 2011
Posts: 15,562 |
Check Progressive and Foremost , easy to get a Quote with Progressive .
Last edited by Bandit 200 XP; 04/10/25 10:57 AM.
|
|
|
Re: When to self insure boat?
[Re: T21x]
#15383397
Yesterday at 12:09 AM
|
Joined: May 2008
Posts: 11,024
Rayzor
TFF Guru
|
|
TFF Guru
Joined: May 2008
Posts: 11,024 |
Progressive 2004 Triton with newer electronics. Full coverage $480.00 a year The same for me for full coverage with Progressive on a 2001 Triton, 2001 Mercury 225 EFI, and 2006 dual axle trailer.
Be safe, Rayzor ![[Linked Image]](http://i418.photobucket.com/albums/pp267/JLedbetter/th_Boatpics036.jpg) 2001 Triton Tx-21/225 Mercury EFI
|
|
Moderated by banker-always fishing, chickenman, Derek 🐝, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|
