Liability only insurance no survey required

[boatman61]

Originally Posted by AndrewA2

its sounding more and more that something will need to change. or Marinas will be a very exclusive club for some !

In that case marinas in Europe have been an exclusive club for a couple of decades at least..
They all require a minimum of Liablity coverage.

[Fortytwo]

USAA/Progressive won’t cover my 1979 Union Polaris 36’ for live aboard in California for basic marina liability. I’ll try my old insurance company IMIS/Markel or Jackline (which I forgot about... thanks for the reminder).

[Fortytwo]

Well... IMIS and Jackline are part of Gowrie Group... thanks Google...

[CassidyNZ]

My insurers just charged me NZ$2350 for the exact same cover that I bought from them last year for NZ$1385. But we have to have it else we can’t go into marinas to fuel up or the haul out facility. Both ask for $2m public liability cover.

But 70% inflation in an economy that claims 3.5% sounds to me like piracy. Can do nothing about it - as an existing customer I need no survey for local sailing but would if I switched insurers and that would cost a lot more. Of course they know that.

[redwood1957]

I called 2 days ago the Geico agent said anything over 26' needs a survey . Anything over 30' and 20 years will be really looked at . I called another company end result the agent said nothing over 20 years. And book value should be 20 k. Is no problem. I don't have a boat yet. We will see

[hpeer]

You can try Gowire, used to be IMIS and handled Jackline.

They are brokers and can check several insurers.

One thing I found is that the person that handles you means a lot. Get someone good on the phone and your golden. Get the next desk over and you are sunk.

I have found with some I have to ask a lot of questions.

Me I want to do hurricane season on the hard in Grenada.
Her That is outside the box, I can’t write a policy there.
Me How do other people do it?
Her I don’t know, I can’t write a policy for Grenada
Me Can I get a rider for Grenada?
Her Sure, but it costs extra.
Me (WTF!) How much extra?
Her $150.

AAARRRGH!!!!

One of several examples.

Thankfully she no longer works there. Others had similar incidents.

[Larry Florida]

Called my homeowners insurance agent, Allstate. 500k liability only no survey did not require a survey. 5 minute phone call. Thanks for the input

[friz]

Originally Posted by flyingfin

Let me get this right. You want a company to risk a damages payout of $500,000 due to your actions, or bad decisions or just bad luck, all for a whopping $125 bucks. And is that a monthly or annual premium?? Just how much is your annual cell phone bill?

Yes, you have it right. But his question was about a survey.

[TabbyCat]

Originally Posted by Larry Florida

I Also a survey would be required. I remember this same request for a survey in 2016. After checking the 2016 agent conirmed no survey required as it was liability only policy. The agent today insist a survey is required.

Has anyone had the same experience as me with Boat US?
I'm interested to get a liability only policy without survey sailing primarily on the Long Island Sound.

Please advise any helpful information

Larry,
Underwriting rules have gotten tighter over the years at GMIC since 2016. GMIC requires a survey on boats that are older than 20 years of age. I do know that Markel Helmsman will often allow us to write liability only policies with no survey required if you have owned the boat for 3 years or more with no claims and you are not an absentee owner. If you'd like me to give it a try, send me an e-mail or PM.

[garyfrankovich]

I believe you will find it extremely difficult to get even "marine" Liability in today's market without a survey. Geico bought BoatUS and Seaworthy., I think they got tired of paying claims on boats that were on the books that were insured and nobody actually knew the condition or real value of the vessel. It's a mathematical formula, more payouts on vessels that had no survey as opposed to vessels that were surveyed. You MAY find a homeowners policy that will sell it to you, but read the policy closely, be absolutely sure you know what is not covered.

[sail4evr]

It seems somewhat logical to me that if your boat is not seaworthy there may be additional risk of a liability claim against your boat. If your boat catches fire at the dock and torches the boats on ether side and an investigatioin shows an improper or faulty electrical wiring issue. You might be held liable for operating a boat with inadequate inspection.

[capn ken]

Geico needs to pay for its acquisition of Boat US.

[NorthernMac]

I don’t get the survey for just liability?
Maybe some confusion with the phone people?

Mine if about the same size or boat, 1M liability due to where it’s kept, and I also have full coverage, never was asked for my survey, though I got one when I bought the boat.

Try State Farm, though you have to add on boat US on your own.

That said, a survey wouldnt be a bad idea even if you don’t bother with insurance, some fresh eyes on the boat is a good thing.

[Alawaiorion]

Originally Posted by NirvanaBob

I recommend you call Oversea Insurance Agency Inc., 1724 Scott Ave, San Diego, Ca. 619-222-1111. Www.overseainsurance.com. They cover my 1971 Irwin 45 sloop, for Liability only, without survey. I am in Costa Rica so my premium may be higher than if homeported in the US. They were the only Insurance Agency I could find who would sell Liability only coverage. The Underwriter is Markel. Good luck

uh...The boat next to us that sank at the dock was covered by Markel- The owner was very unhappy when Markel refused to pay out for salvage and cleanup. The owner thought they were covered - It was interesting as just the year previously we had a conversation about insurance with the owner and they were surprised at how low their payments were as compared to ours...just sayin'

[Larry Florida]

Originally Posted by TabbyCat

Larry,
Underwriting rules have gotten tighter over the years at GMIC since 2016. GMIC requires a survey on boats that are older than 20 years of age. I do know that Markel Helmsman will often allow us to write liability only policies with no survey required if you have owned the boat for 3 years or more with no claims and you are not an absentee owner. If you'd like me to give it a try, send me an e-mail or PM.

Thanks I'll keep that in mind for next year. I did get liability only without a survey from Allstate. 500k liability coverage, up to $3000 a year emergency / towing. Total policy was$180. The towing is not a direct pay like with Geico/BoatUS so will have to see how that works out. Using an agent was much easier.