I'm getting a quote of $13k / annual for a 63MY (G. Loop Waterways / Bahamas as Nav Area).
Seems like a lot to me...
Thoughts?
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05-10-2024 11:28 AM #1
And - Another Thing -- Insurance ?
Last edited by Buccaneer; 05-12-2024 at 06:54 PM.
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05-10-2024 01:15 PM #2Senior Member
- Join Date
- Apr 2005
- Posts
- 518
Re: And - Another Thing -- Insurance ?
It depends upon your home port, claims history, agreed value, deductible etc.
For comparison, I just got renewed for $6,800, Tampa, no prior claims, $270k, 20% windstorm deductible.
and, one million bucks liability. No survey is required for the second year in a row.
The finding part is as hard as the binding part.
Good luck.
Bruce
Freestyle
1985 62 CPMY (54MY with ext)
Tampa
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05-10-2024 04:21 PM #3
Re: And - Another Thing -- Insurance ?
Bruce, that is a great price. We were paying about that much for Ft Myers with doubled deductible for named storm, ditto for salvage deductible for total loss.
"A smooth sea never made a skillful sailor"
Rob Waldrop
M/V Pau Hana
Ft Myers FL
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05-10-2024 06:21 PM #4
Re: And - Another Thing -- Insurance ?
Have you spoken to Michael Plafker? He's a Hatt owner that insures a BUNCH of us? Garber Atlas & Fries Inc.
'88 55'C hull 394 BEATs Therapy
12-71 TA's ZF BW190 1.5:1 gears
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Re: And - Another Thing -- Insurance ?
Any time we included the Bahamas our rates skyrocketed.
Regards
Dan
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05-11-2024 11:33 AM #6Senior Member
- Join Date
- Dec 2013
- Posts
- 188
Re: And - Another Thing -- Insurance ?
Seainsure just sent us a letter of intent to not renew. We made one 18k claim last year after a storm wrecked the enclosure and top on the flybridge. Around 15 years with various boats insured with them. Usually more than 1 at any time. No claims, ever, until last year. Any they dropped us.
So, we're shopping. We're easier than most. The boat lives in freshwater. But we are thinking about taking it south and traveling a bit next year. So, I need an underwriter that has some flexibility in coverage areas.
We dropped Seainsure on our center console about 5 years ago. They wouldn't cover it for theft in South FL. We were making a Keys trip and I called to see if I needed a rider added. They informed me that they wouldn't cover anything with more than 1 outboard for theft in S Florida. I was floored. I dropped them and went with Eerie. We've never made a claim with them, but I have friends that did, and it seems like they were treated very well. I'm going to see what they can do with the Hatt. We'll see.
I have reached out to Michael Plafker as well. We'll see what he can do.
We're getting a survey this month. So, its prime time to go shopping for coverage anyway. How often are your carriers requiring a survey?
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