Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 24-08-2009, 15:39   #1
Registered User

Join Date: Feb 2009
Posts: 8
Question Boat Insurance

Aye Mates, ...am about to purchase a S/B (37' cruiser) and am interested in information, horror stories, good stuff and the like about marine insurance/companies.

Anyone care to share their personal experiences both good and bad, cheap and expensive, and to whom???? would you recommend

Thanks,
FloFar
__________________

__________________
FloFar is offline   Reply With Quote
Old 25-08-2009, 00:01   #2
Senior Cruiser

Cruisers Forum Supporter

Join Date: Jul 2005
Boat: Outbound 44
Posts: 4,580
try the search button. There are many insurance threads here.

Paul L
__________________

__________________
Paul L is offline   Reply With Quote
Old 25-08-2009, 14:06   #3
...

Join Date: Aug 2009
Location: California
Boat: Harstad 31' (32' LOD) Serendipity
Posts: 95
Images: 2
Send a message via ICQ to tomperanteau Send a message via AIM to tomperanteau Send a message via MSN to tomperanteau Send a message via Yahoo to tomperanteau Send a message via Skype™ to tomperanteau
When we bought our boat, I went online and was able to obtain insurance from Progressive within a few hours. I have not had to make a claim, so no information on how they pay off. I can tell you that most insurance companies are horrible to deal with when they owe you money, and have been involved in law suits on several occasions because of this
__________________
tomperanteau is offline   Reply With Quote
Old 25-08-2009, 15:10   #4
Registered User
 
Kaya 09's Avatar

Join Date: Mar 2008
Location: On the boat
Boat: Cantana 401, 41' Kaya
Posts: 22
Send a message via Skype™ to Kaya 09
Congrats on your boat purchase! My husband and I have Zurich. They have been awesome to deal with during our recent claim. I will, however, suggest to you that be sure you know and like your agent. I realize that life is full of 'click and quote' but one cannot underestimate the value of an agent when the insurance is actually needed. The agent will make the biggest difference between a good claim experience and a bad claim experience.....regardless of the insurance carrier.
__________________
Life is a banquet and most people are starving to death!
Kaya 09 is offline   Reply With Quote
Old 25-08-2009, 15:58   #5
Registered User
 
S/V Illusion's Avatar

Join Date: Oct 2007
Location: Lakewood Ranch, FLORIDA
Boat: Alden 50, Sarasota, Florida
Posts: 1,693
In addition to the agent suggestion which is a good one, you should thoroughly read competing policies before buying anything. It amazes me how many people buy insurance without first reading the limitations, exclusions, ACV terms, etc.. and just go by price which is a false economy. Doing otherwise opens yourself up to taking suggestion from people who think they have a great insurance underwriter.
__________________
S/V Illusion is offline   Reply With Quote
Old 25-08-2009, 16:31   #6
CF Adviser
 
TabbyCat's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: cruising in the Pacific
Boat: MaineCat Catamaran 41'
Posts: 334
Images: 1
Send a message via Skype™ to TabbyCat
Quote:
My husband and I have Zurich.
Kaya 09 - Zurich exited the Marine insurance business in May of this year. You're going to have to get a new policy at your renewal. You agent should have notified you by now.

Best Regards,
Susan
__________________
Susan
IMIS - Int'l Marine Ins Svcs
http://www.MarineInsurance.CC
TabbyCat is offline   Reply With Quote
Old 25-08-2009, 16:34   #7
CF Adviser
 
TabbyCat's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: cruising in the Pacific
Boat: MaineCat Catamaran 41'
Posts: 334
Images: 1
Send a message via Skype™ to TabbyCat
Quote:
insurance from Progressive within a few hours.
Tomperanteau,
Progressive is a good A- rated company. Unfortunately they will not insure vessels over 35' long, and FloFar is purchasing a 37' vessel.
__________________
Susan
IMIS - Int'l Marine Ins Svcs
http://www.MarineInsurance.CC
TabbyCat is offline   Reply With Quote
Old 25-08-2009, 17:04   #8
...

Join Date: Aug 2009
Location: California
Boat: Harstad 31' (32' LOD) Serendipity
Posts: 95
Images: 2
Send a message via ICQ to tomperanteau Send a message via AIM to tomperanteau Send a message via MSN to tomperanteau Send a message via Yahoo to tomperanteau Send a message via Skype™ to tomperanteau
Quote:
Originally Posted by TabbyCat View Post
Tomperanteau,
Progressive is a good A- rated company. Unfortunately they will not insure vessels over 35' long, and FloFar is purchasing a 37' vessel.
Thanks for the update. We're about to purchase a larger boat and will need to get different insurance.
__________________
tomperanteau is offline   Reply With Quote
Old 27-08-2009, 14:53   #9
Registered User
 
Kaya 09's Avatar

Join Date: Mar 2008
Location: On the boat
Boat: Cantana 401, 41' Kaya
Posts: 22
Send a message via Skype™ to Kaya 09
Tabby Cat,
Thanks for the heads up, but we knew Zurich was exciting the marine insurance industry. However, I think the exit might have been July as they renewed our policy in June. My main objective of the post was to recommend using an agent vs point and click purchasing. Just an opinion!!!
__________________
Life is a banquet and most people are starving to death!
Kaya 09 is offline   Reply With Quote
Old 27-08-2009, 15:18   #10
Registered User
 
s/v Moondancer's Avatar

Join Date: Nov 2008
Location: Fiji but heading for Alaska
Boat: Tayana 55
Posts: 1,225
Tabby,
We have IMIS and have found them to be competative, professional, efficient, and much preferable to a company based in the Ukraine that was a little cheaper.

Phil
__________________
s/v Moondancer is offline   Reply With Quote
Old 28-08-2009, 15:53   #11
Registered User

Join Date: Feb 2009
Posts: 8
Everyone, thanks for the great info and suggestions. I have beed looking at prices and policies, particularly the policy itself. I have a freind that lost his boat to flooding and is still trying to collect (times over two years now). If I know which company I would certainly tell you all.

I, too, believe that sometimes, but not always, you get what you pay for. I just don't want to spend a lot of money or even a little and not be covered.

I haven't looked at IMIS yet....thanks Y'all!
FloFar
__________________
FloFar is offline   Reply With Quote
Old 30-08-2009, 08:00   #12
Senior Cruiser
 
osirissail's Avatar

Cruisers Forum Supporter

Join Date: Feb 2009
Location: A real life Zombie from FL
Boat: Gulfstar 53 - Osiris
Posts: 5,416
Images: 2
I was looking at a cruising friends policy policy that he stated allowed him to remain in the "box" Tropical Storm area of the Caribbean. Sure enough the main body of the policy had the old language defining the southern limit of the "box" to at N12 - 40 - or up at the top of the Grenadines. But further back in the package was the Addendums or attachments to the basic policy and lo and behold there was one resetting the southern limit down to the current N11 degrees and it clearly stated that this addendum negates anything in the basic policy.
- - So read the - whole - thing, many significant modifications are contained in those extra pages at the back of the policy.
__________________
osirissail is offline   Reply With Quote
Old 30-08-2009, 08:40   #13
Registered User

Join Date: Feb 2009
Posts: 8
Thanks Osirissail! Now that's what I am talking about...
I speak Athabascan better than I do legalease.

I guess the best thing to do is flip a few bucks, or beers into my lawyer cousin to read over whatever policy that I decide to get.

...just trying to do the "right" thing from the get go. 'Don't want to get caught with my pants down.
__________________
FloFar is offline   Reply With Quote
Old 30-08-2009, 08:48   #14
Senior Cruiser
 
nautical62's Avatar

Cruisers Forum Supporter

Join Date: Jul 2008
Location: Live Iowa - Sail mostly Bahamas
Boat: Beneteau 32.5
Posts: 2,264
Images: 12
I've had boat US on a few boats now over 10 years. IMIS has a very good reputation as agents for lining people up with good companies at a good price. Realize, they are agents, not the underwriter. (Same with Boat US, but they only represent one company I believe).

Progressive has good prices if you only need US coverage.
__________________
nautical62 is offline   Reply With Quote
Old 30-08-2009, 13:18   #15
Registered User

Join Date: Jun 2008
Location: Florida
Boat: C & C Landfall 38
Posts: 130
We insured with Progressive this year.
Our boat is 38 foot, so someone is giving you bad information.
__________________

__________________
iiii is offline   Reply With Quote
Reply

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
Boat Insurance mike d. Dollars & Cents 9 20-11-2009 07:28
Wooden Boat Insurance sundog Dollars & Cents 1 31-07-2009 10:11
Boat Insurance viking blood Rules of the Road, Regulations & Red Tape 9 16-06-2009 07:48
Boat Insurance Jennybug Dollars & Cents 5 09-05-2009 08:42
Boat Insurance Triton318 Rules of the Road, Regulations & Red Tape 29 27-12-2006 05:27



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 08:19.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.