Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 14-04-2012, 05:05   #16
Marine Service Provider
Snore's Avatar

Join Date: Jan 2011
Location: St. Petersburg, FL
Boat: Tartan 33 and OPB
Posts: 1,985
Send a message via Skype™ to Snore
Originally Posted by Buzzy
Is there any suggestions to insurance brokers. I am having a hard time getting my boat insured.
I had no problems getting insurance for my 1980 Tartan 33 through Scott at C&L insurance in Boca Raton. Twelve month policy with the customary increase in deductible for a named storm. Forgot who the policy is with, and the info is on the boat..... Gee maybe I should have a copy off the boat (DOH!). They did require a full survey and mandated several repairs based on the survey. I believe they gave me 60-90 days to make the repairs.


" requires a strong moral principle to prevent me from deliberately stepping into the street, and methodically knocking people's hats off- then, I account it high time to get to sea..." Ismael
Snore is offline   Reply With Quote
Old 14-04-2012, 05:06   #17
Registered User

Join Date: Oct 2009
Posts: 678
Re: insurance for older boats

I found the premiums pretty high along with the deductables for an older boat plus the requirement for a survey every couple of years. Does anyone know of a company providing liability coverage only that would satisfy a marina's requirement for a slip holder to have insurance?

lancelot9898 is offline   Reply With Quote
Old 14-04-2012, 05:18   #18
Don't ask if you can't handle it
sailorboy1's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: On the boat somewhere
Boat: Hunter 410
Posts: 12,904
Re: insurance for older boats

Well now, an old thread that I started before I had ever had a boat. Now I'm on boat #2.

First boat was a 1988 Cal-39. Didn't have any problem getting insurance in 2009. The current boat is a 2001 Hunter 410. Now the weird part; the Hunter is insuranced at twice the value of the Cal, but the yearly insurance is $200/yr LESS!

The story I got was that on the older boats they look at it as replacing old stuff with new stuff when a problem occurs. Seemed crazy to me as either way they still have to buy new stuff. But I just of course went along with it and will wait to see how it takes for my current boat to be "old" and cost more to insure.
jobless, houseless, clueless, living on a boat and cruising around somewhere
sailorboy1 is online now   Reply With Quote
Old 14-04-2012, 07:39   #19
Registered User
susanna reiter's Avatar

Join Date: Jul 2011
Location: New Mexico and our S/V is in Fort Pierce..hope to be there soon and sailing.
Boat: S/V"KAREN", Pearson Alberg 35. an achilles dingy, 2 kyaks.
Posts: 202
Re: insurance for older boats

Originally Posted by S/V Elusive View Post
<--- Surface fleet Only good thing about a bubblehead was they had a sail on their boat!!!

In any case, getting back to insurance; you can get insurance on ANYTHING ... just a matter of what you are willing to pay.
Well not anything.....but if you are willing to pay a higher premium for less than adequate coverage you probably can. I don't believe Ferro cement boats and most old wooden boats are insurable for loss coverage, the liability coverage is higher than fiberglass boats...most marinas and some mooring fields require liability insurance. All established insurance companies require a or more....and will then refuse to insure a boat for more than you actually paid for it..despite the survey value and marginally for upgrades installed after purchase....another problem for those bargain shoppers in today's market. In most cases,(United States) you have to purchase supplemental insurance if you take the boat out a certain distance from US Coastal waters....and in most cases you are unable to purchase off shore coverage at all. I am speaking from personal experience, I had US Boat Insurance for years and went thru all the crap w/them and thousands in premiums, never making a claim (thankfully).....anyway, good luck w/this. Most banks, extending loans, insist on coverage of course, and that is just to insure their loan against loss. Banks are just too happy to help you insure through their in house connections..mmmm isn't that nice ? NOT, but it is a "catch 22" for the borrower. Find the best liability coverage you can, and provide your own loss coverage, its your best bet...
susanna reiter is offline   Reply With Quote
Old 14-04-2012, 08:05   #20
Registered User
Astral Blue's Avatar

Join Date: Mar 2012
Location: Sacramento, CA
Boat: Bayliner Victoria 2750
Posts: 313
Send a message via Yahoo to Astral Blue
Re: insurance for older boats

Hagerty insurance specializes in insuring older boats. Many insurers do not understand the intricacies of older boats and have underwriting guidelines/rules not amenable to older boats. Hagerty has been able to offer the flexibility and understanding to insure a sound vessel. They aren't the lowest priced insurer, but they will be able to work with you in ways that other insurers can't or won't.

With respect to wanting to own an older boat because you feel it is more affordable... I feel that reasoning has the potential (especially for first time boat owners) to backfire and cost you more money. I own a 1977 Bayliner Victoria. By many standards (especially among Bayliners), the boat is considered a classic. I purchased it with the intent of restoring it and bringing it back to its former beauty. It is now in better condition that it was when delivered from the factory. But this was at a tremendous cost in terms of time, effort, and money. For what I spent, I could have easily purchased a newer boat and saved myself the headache. However, this boat is a classic; and my intent has been to restore a classic. Even restored and turn key, maintaining it is more costly than would be a newer vessel.

The bottom line is: buying old and cheap in the beginning will not save you money. It will cost you more than buying something newer and paying more for it.

Unless you intend to own and baby a classic boat, my advice to you is to buy something newer and less prone to maintenance issues associated with older boats. I love my boat and would not consider owning a newer cruiser, but that's a personal choice. And if I was a first time boat owner, I wouldn't want to be owning and maintaining a "classic" as a first time experience.

Hope this helps...
Attached Thumbnails
Click image for larger version

Name:	Astral Blue 050.jpg
Views:	77
Size:	412.3 KB
ID:	39942  
Ed & Lindsey - Sacramento, CA
1977 Bayliner Victoria "Astral Blue"
MMSI #: 338127697
Astral Blue is offline   Reply With Quote
Old 14-04-2012, 08:13   #21
Registered User
svHyLyte's Avatar

Join Date: Mar 2006
Location: Tampa Bay area, USA
Boat: Beneteau First 42
Posts: 3,547
Images: 25
Re: insurance for older boats

Originally Posted by jimking100 View Post
Don. I got insurance for my '84 Cal39 through Sue at IMIS. The carrier [Mount Joy in PA] specializes in older boats. Don't know much about them but my premium did go up 30% from year one to year apparent reason.
We had insurance through IMIS for 10+ years but our premiums got "Outa Site!!!". A neighbor referred us to "Seaworthy Marine Insurance" which gave us the same limits of liability coverage on an agreed value basis (although the web-site above refers to Actual Cash Value) for our 1986 era Beneteau, with better limits of navigation, for only 55% of our earlier premium. The carrier is a Bershire-Hathaway company with a very good rating by AM Best.


"It is not so much for its beauty that the Sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."
svHyLyte is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Financing Older Boats linuxchiq Off Topic Forum 15 20-04-2018 22:36
Older Horstman Trimaran clausont Multihull Sailboats 57 15-12-2017 08:27
Insuring and on older boat dbillingsly Boat Ownership & Making a Living 15 13-01-2008 17:30
Older sailors plittman General Sailing Forum 6 04-04-2007 15:31
nav parts for older Catalina 27 tweaker Forum Tech Support & Site Help 3 28-05-2006 11:01

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 11:36.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.