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Old 02-08-2012, 07:33 PM   #1
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is it really needed. My boat is only valued at $3000.00, insurance is gonna cost me $300.00 a year. Pro's ... Con's?

Thanks in advance!

Todd

P.S. I searched the threads and didn't see anything discussed so figured I'd kick the can...
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Old 02-08-2012, 07:45 PM   #2
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try sea-safe or travlers insurance for an online quote.

its good for:
1. free unlimited towing, you don't need sea tow.
2. repairs for underwater damage, and storm damage.
3. Medical for trip and fall for dummys who trip and fall around your boat.
4. envirimental clean up protection, you pee off the swim platfrom and the bay constibile will give you a ticket.
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Old 02-08-2012, 09:54 PM   #3
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you at least need it to protect yourself if you accidently hit someone or something....(don't ask how I know)..but it's just safer so someone doesn't try to sue you for everything you got plus your home.....

definitely get insurance.....even boat US has insurance for reasonable rates...

SP
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Old 02-08-2012, 09:58 PM   #4
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I guess you need to ask yourself if you can afford to pay for any damages you might cause to someone else's person/property because of your boat. What if you accidentally cause a total loss to another vessel? Do you have the disposable cash on hand to cover those losses? Some states require you to purchase a bond guaranteeing that you have the financial means to pay for damages you would be liable for. If you are asking if it is worth while to have coverage beyond liability, then I would think the answer would be no if your boat is only worth $3000.00.
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Old 02-08-2012, 10:42 PM   #5
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300.00 Todd?

I have an agreed value policy with Progressive on our 2004 2400 SC3 and it's less than 300.00/Yr. Includes free towing.

Dan
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Old 02-09-2012, 03:24 AM   #6
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Talk to your insurance agent about a umbrella plan with just liability. Most are around the million dollar liability in coverage and see if this would protect you out on the water beside on land.........If you get a policy tied in with your home and vehicle sometimes you can get a discount. Somewhere in the $170 to $250 for a year for coverage.

Roger
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Old 02-09-2012, 06:12 PM   #7
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We have a 1998 Maxum 3700 and a 1993 Regal 6.8. I have $12,000 coverage on the Regal and its trailer with a $500 deductible and it is $215 a year from Allstate. My biggest concern is not our boat but being protected if someone gets hurt on my boat or I hit someone else.
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Old 02-09-2012, 06:54 PM   #8
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Nobody cares how much they pay a year for insurance, after they've been handed an invoice for $5,000. Ask me how I know LOL
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Old 02-10-2012, 05:14 PM   #9
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I called my State Farm ins (thats who I have for my Truck) they said $230 per yr, not bad at all. but she wasn't sure if it included towing. def going to get ins thou, just got to do some shopping!
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Old 02-10-2012, 09:12 PM   #10
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Will have to see if we can meet up sometime this season for a cold one.

Dan
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