Re: New Owner Insurance Question
It may have a lot to do with the (perceived) condition of the boat. I am on the east coast and my policy with BoatUS/Geico was $3100 for $130k. I recently dropped it down to $100k and also got a discount because I have car insurance with Geico, and the policy is now $2600.
Re: New Owner Insurance Question
I am in Tarpon Springs just North of you and just renewed with Geico. Wallace, Welch and Willingham in St. Pete wrote the policy with Betty Southard as my agent. With a hull value of 88K I am paying just under 3K and that includes part time charters. I do get a discount for my captains license. I think its a couple hundred. I would call Betty especially being so close.
Re: New Owner Insurance Question
Thank you all for the input. I will be making some calls today and let you know the outcome.
Re: New Owner Insurance Question
Ouch! Regional differences are crazy.
Pacific NW, 76 Yachtfisherman at $305K value: $3811 annual. Twin River Marine Insurance agency, underwriters: U/W Division. IMU Ocean Marine