Insurance Costs

[andyv94]

Hi Bill,

Like you I am also at the beginning of things, I just went to Progressive's webpage and did it there. I didn't look into gas spill, since to be honest when I had my first vessel out in Dana Point, CA they filled up the tank for you....so I never really worried about any of that, then again that was well over 20 years ago.....so maybe my memory is a bit off?!

So to answer your question I didn't even bother to ask or look at "gas spill", I guess I should!!

[hellosailor]

USAA is only available to servicemen, veterans, and their families. It is NOT available to the general public.

Pantaenius does not serve the US market, although they have a subsidiary or something, Pantaenius-US, which does. But operates as a separate entity.

You might try calling IMIS for a reality check. They're not dirt cheap but they don't play games or cut corners, either. They'll deal with you adult-to-adult and if you can find the same coverage for less elsewhere, they'll wish you a nice day and ask you to come back if things change. Professionals.

[andyv94]

I am waiting for a quote from IMIS for me bringing my boat from Puerto Rico to Galveston, tx........

[Therapy]

+1 on IMIS.
If it's out there they will find it for you.

[jcapo]

+2 for IMIS.

[MarkSF]

I've had quotes from State Farm and Boat US, both were about 1% of value. That's for SF Bay and coastal waters.

[bbowers2004]

Usaa Doesn't offer boat insurance. It refers you to progressive, and for international coverage progressive refers you to IMIS.

[Cotemar]

We pay $1000 per year to insure our Mahe 36 catamaran.

Try International Marine Insurance Services (IMIS)
www.imis.pro

[Andy73]

Originally Posted by bbowers2004

Usaa Doesn't offer boat insurance. It refers you to progressive, and for international coverage progressive refers you to IMIS.

And Progressive didn't seem interested in any type of offshore policy when I spoke with them.

[bill352]

Well, here's what I've found for a $140k policy:

BoatUS - Still $5000 (liability only $500). 2% deductible. Separate fuel spill coverage (which is apparently a biggie around here). Cruising area US east coast and Gulf as far as Mobile. (No Bahamas) Possible extensions after first year on a case-by-case basis.

Progressive - The $1000 quote disappeared under further scrutiny. The $3000 quote can be reduced almost to $2000 with a large enough deductible ($5000). Liability only $3-400. Fuel spill coverage comes out of general liability, which may not be enough (the others are offering $850k). Cruising area 125 miles offshore US, which gives you nearby Bahamas (and Texas!)

Pantaenius - $2400 (Liability only $400) 2% deductible. Separate fuel spill coverage. Cruising area includes all of the Bahamas, a big chunk of the Maritimes, and the GOM. I like this one.

All companies have conditions/increased deductibles for named storms.

I can't speak to the fine print, nor do I have any information on claims experience. My original concern was cost and cost disparity, and I have a much better handle on that now. Thanks again to all who contributed to this thread, and I hope others have also gotten some useful information.

PS - Another for IMIS.

[andyv94]

Apparently Progressive does not insure boats that are 41' long..............at least that is what i was told. : (

[robbusch68]

Progressive told me that also...

[tryrsh]

Originally Posted by robbusch68

Progressive told me that also...

They insure mine, it's 41'8". Liability only around $300

[whomperdoo]

Anyone have any experience with Seaworthy insurance

[BobnCamie]

Don't know, but BoatUS was cheapest for us. We are still on Lake Superior and coverage is for all inland waters that includes Mississippi River and it's tributaries. Now I know my boat is now where worth what your is, I guess, but based on a $22,000 value by survey, my rate is $237/year. If and when I go to the gulf, rate will be very close to $900/year. I would not even give Progressive the opportunity to quote me, the low-life sob that owns progressive,anti-American slug that he is, and Pantaenius would not even insure me as my boat was under their minimum values. Never have heard of this. I cannot say BoatUS was all that bad. We checked a few others, but settled on Boat because of the tow discount. Not saying we need it, but nice cushion for just a few bucks.