I really wanted to go with BoatUS for liability/towing insurance at my marina, mainly due to the good reputation they have for towing insurance. I thought I could save some money
by lumping liability together with tow insurance.
I was in shock when the representative informed me that they would require a survey for liability. She had no explanation for why other than "it's our requirement for any policy".
Even after I get this hypothetical survey done, their policy for minimum coverage with towing is 357 a year.
Progressive has the exact coverage and they also offer something called "sign and glide" which I suppose is their version of seatow or boatUS membership
towing insurance. They don't require a survey and it's only 134 a year VS BoatUS and their 357 a year.
Now, I think it is worth mentioning that this is a 2500 dollar boat that I threw an outboard motor
on. I'm not too keen on paying someone 800+ dollars to come "look" at it for the sole purpose of getting accident
coverage to pacify the marina.
I doubt ANYONE with an old, cheap
boat like mine would be keen on getting a survey just for liability. I'm wondering how they manage to sell enough polices for liability to even stay competitive. I could understand if this was full coverage, but come on...
I know this seems like a no brainer to go with progressive and I probably will...Only problem is I've read some really bad things about them.
Could they really be THAT bad? 134 dollars a year VS 1200+(if you factor in the survey) for the first year and then 357 after?
With it being liability I doubt I would ever even deal with filing a claim, except for their towing insurance.
I could even just go with progressive for the liability with no tow insurance at 100 a year, get a seatow membership for 167 and still come out MUCH cheaper than BoatUS.
I really don't know what my question is. I guess I am just dumbfounded as to why they would require something so ridiculous for liability coverage... I hear it is pretty standard so kudos to progressive for not being totally anal.