Boat insurance

[Slew]

Lots of variables here! The insured, their credit, their driving record, where they live and use the boat, and the boat itself all come into play here.

[Snowflake Killa]

Man I'm glad you posted this. Got me thinking I don't remember paying my insurance for my boat this year. Thanks

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[progater]

I've had progressive since I bought my boat in 2001. Premiums are not that much. Had 3 claims and they paid like a charm. Doubt I will change insurance they have taken care of me every time.
1. All fishing rods, tackle boxes, life jackets and boat cover stolen.
2. house fire in 2013 messed up finish on deck, almost $7K damage, had new deck put in.
3. July 4th 2019 knocked lower unit out and broke stainless prop. They paid without a question.
I think it all depends on which rep you end up getting to appraise the damage.

[Fmjag64]

Mine is $100 a month for a 2013 Bullet with a 300 with Progressive. Progressive does not have a good reputation for boat insurance and I'm not sure if I will renew with them.

This is the first I've heard this. I'm a tournament bass fisherman and big majority of my buddies and guide friends are using Progressive with great reviews. They've paid on random stuff on my Skeeter twice with hardly any questions asked. As far as coverage, i haven't found many others that compare. The lower unit having its own policy with $100 deductible is greatness when you're running Fork. And $10k coverage for anything on the boat, fishing poles, electronics, Power poles etc. Any of it gets stolen or damaged, it's covered. Progressive has been great for me, specifically for boat insurance.

[ccallarman]

A lot depends on the type of boat insurance you're getting as well..

Liability Limits (Bodily Injury and Property Damage add up fast nowadays with the cost of these new boats & medical bills)
Uninsured Boater
****Physical Damage Coverage -- Agreed Value/Replacement Cost/Actual Cash Value****
Fishing Equipment & Personal Effects
Mechanical Breakdowns on upper & lower units (including wear and tear and defects)

As previously stated, there is a lot more to it than just price. It's crazy that SOME people aren't even aware of what they are actually covered/not covered for. All some people comprehend is the $ sign.

[Quackerbox]

Charter Lakes for boats.

This.

They saved me over progressive

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[Hoss163]

This is the first I've heard this. I'm a tournament bass fisherman and big majority of my buddies and guide friends are using Progressive with great reviews. They've paid on random stuff on my Skeeter twice with hardly any questions asked. As far as coverage, i haven't found many others that compare. The lower unit having its own policy with $100 deductible is greatness when you're running Fork. And $10k coverage for anything on the boat, fishing poles, electronics, Power poles etc. Any of it gets stolen or damaged, it's covered. Progressive has been great for me, specifically for boat insurance.

No doubt I use progressive it’s 165 a month but it covers a whole lot considering the price on the stuff that is on a bass boat these days .

[Jon-Paul]

As Glen mentioned Charter Lakes

[bowhntrmatt]

I have Charter Lakes. It’s about $1100/year for my SCB (probably worth about the same as your shoalwater).

I priced Geico and progressive when I bought it. They weren’t even close, and yes coverage was apples to apples.

[Wall_Hanger]

I have a 2018 23 Haynie cat with mid tower, it is insured for replacement value including gear and electronics. We went with Charter Lakes and have been very pleased with them so far. Our premiums this year bumped up a bit because the carrier we had been using dropped their marine coverage and we had to go back out to find a new carrier. That said, our policy is $890 annually.

Progressive can be hard to deal with on claims from what friends have shared with me just FYI. Marine is not their main focus.

[Vantage Point]

My mistake, I previously stated I went through boatus.. I actually went through NBOA and they set me up with CHUBB. I pay 695 annually.
As others mentioned I’ve heard Progressive can be a pain. *My father owns a fiberglass repair shop.



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[SaltwaterSlick]

My mistake, I previously stated I went through boatus.. I actually went through NBOA and they set me up with CHUBB. I pay 695 annually.
As others mentioned I’ve heard Progressive can be a pain. *My father owns a fiberglass repair shop.



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This is exactly what I was talking about in my post above... With an 80K boat and assuming you have the life style and resources to afford that, just how far do you think 5K in medical coverage and 300K in liability coverage will go in a boating accident where bodily injury or death occurs... You will lose everything you own and will be paying on that for the rest of your life once the ambulance chasers get done with you after they find out your worth...



That's a minimum coverage policy and if you don't have any assets, it's fine, but if not, that policy will give you nothing but the ability to say, "yea, I've got insurance"... It sure ain't gonna protect you.

[reedkj]

Charter Lakes for boats.

they have mine as well

[Wall_Hanger]

This is exactly what I was talking about in my post above... With an 80K boat and assuming you have the life style and resources to afford that, just how far do you think 5K in medical coverage and 300K in liability coverage will go in a boating accident where bodily injury or death occurs... You will lose everything you own and will be paying on that for the rest of your life once the ambulance chasers get done with you after they find out your worth...



That's a minimum coverage policy and if you don't have any assets, it's fine, but if not, that policy will give you nothing but the ability to say, "yea, I've got insurance"... It sure ain't gonna protect you.

This is a recreational boaters policy. If you want considerably more personal liability coverage in TX you pretty much have to go to a custom policy through a company like Chubb and find an underwriter that wants the risk. Most boat coverage for the weekend warrior will have limits similar to this.

I went through this when we did our policy. In Texas, you have to prove negligence in an accident which is a high burden for watercraft unless you were truly acting negligent. It pretty hard to prove actual negligence when there are waves and underwater objects and things like that. I suppose you could hold the boat in an LLC if you wanted to really limit personal exposure but that may trigger commercial requirements for the vessel and captain. I haven't ever looked in to that but it may be worth some digging.

[TN_boy]

I pay $119 per YEAR on my 1999 Tracker boat/motor/trailer and includes up to $5k in personal items.

State Farm