Hi everyone,
been lurking here for a while ready all the great information. I bought my 1980 61MY in Salem, Ma in April and brought her home to Dunedin, FL near Clearwater/Tampa.
I bought a policy with Boat US and am wondering if the numbers are good or bad.. Seems high to me but looking for your wise advice.
We are being charged $7200 annually.
Finding a policy during the purchase was a chore so I just went with them. Now that we are home and settled we are ready to get some feedback and quotes...
Thanks!
Dan
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Thread: New Owner Insurance Question
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10-09-2019 12:22 PM #1Registered Member
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- May 2019
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New Owner Insurance Question
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Re: New Owner Insurance Question
What was the surveyed value? It seems high to me, but I don't live in that area and I know the premiums are higher in FL because of storm risks- at least I think so.
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10-09-2019 12:38 PM #3Registered Member
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- May 2019
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- 34
Re: New Owner Insurance Question
Surveyed at $130. She needed a ton of clean up and needed some systems fixed. We have fixed everything and she is beautiful. 99% interior wood is flawless... The PO had so much garbage on her that the surveyor could not even get to some areas hahah Took a week and a dumpster to clean her out before we left to come home.
I think that is low and will be getting another survey once all the remodel is completed and electronics are updated.
So basically, we are paying $7200 for hull value of $130
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10-09-2019 12:50 PM #4Senior Member
- Join Date
- Jun 2015
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- 338
Re: New Owner Insurance Question
There are a few markets that will do this I may be able to help. Boat is/geico in general is expensive
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10-09-2019 01:09 PM #5Registered Member
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- Oct 2015
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- 37
Re: New Owner Insurance Question
Boozubay
PM me for my number. I keep my 53 in Mad Beach. Youre paying quite a bit and can put ya in contact with some good options as I just finished insurance shopping myself.
Adam
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10-09-2019 03:53 PM #6
Re: New Owner Insurance Question
Following this- we have a1979 yacht fish and paying more than that. value 185k w a 3% ded. shopping to renew soon.
"Remember"
1988 67' cpmy
Hull #301 (hull #1)
"Remember"
1979 58' Y/F
Hull #464
https://www.samsmarine.com/forums/im...ine=1557868341