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26-02-2018, 01:26
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#1
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Registered User
Join Date: Oct 2006
Location: Fairfield Harbour, New Bern, NC
Boat: Down East 45 Brigantine schooner
Posts: 1,320
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Older boat insurance - Help!
I’ve just learned that my UK Lloyd's insurance has decided to delete the named storms provision - within three days of renewal! This is from the famous Lloyd's of London, who are maybe not quite so straight as their reputation once was. They’ve obviously been clobbered by last years claims, but not from me. I’ve had it for four years and on full no-claims discount.
Having a boat in Florida, (or anywhere up the eastern seaboard for that matter), without proper hurricane insurance is a waste of money in my opinion, so I need another insurance in a hurry.
Can anyone recommend a good company who insure older boats, circa 1977?
__________________
Visit Britannia's website, containing published articles about some innovative things that have been done to the boat over the past twelve years.
www.schooner-britannia.com.
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26-02-2018, 01:34
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#2
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Registered User
Join Date: Dec 2010
Location: Pacific Northwest
Boat: Boatless in Seattle. Ex- Alberg 30, 30’ Gillnetter, 63’ Wm. Hand Ketch, 36’ Lapwor
Posts: 296
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Re: Older boat insurance - Help!
Start with Progressive. They have always been accommodating with my insurance needs. Although my experience is three or so years out of date
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26-02-2018, 01:38
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#3
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Registered User
Join Date: Oct 2006
Location: Fairfield Harbour, New Bern, NC
Boat: Down East 45 Brigantine schooner
Posts: 1,320
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Re: Older boat insurance - Help!
Thanks for the quick reply Glenn. They don't take boats older than 1985 now.
__________________
Visit Britannia's website, containing published articles about some innovative things that have been done to the boat over the past twelve years.
www.schooner-britannia.com.
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26-02-2018, 06:03
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#4
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Senior Cruiser

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 51,761
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Re: Older boat insurance - Help!
Many insurance underwriters will require a survey on "older" boats.
Check with a “Broker” representing numerous underwriters:
International Marine Insurance Services (IMIS) ➥ IMIS Home Page ~ International Marine Insurance Services
International Waters Insurance Services ➥ Home
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"
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26-02-2018, 09:29
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#5
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Registered User
Join Date: Aug 2015
Location: SW Florida
Boat: Grand Banks 49
Posts: 572
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Re: Older boat insurance - Help!
Quote:
Originally Posted by GordMay
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Yes, good advice. That's what I did and they were very helpful.
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26-02-2018, 09:51
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#6
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Registered User
Join Date: Sep 2014
Location: Manila, California
Boat: Cape George pilothouse 36 and a Cape Dory 25
Posts: 608
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Re: Older boat insurance - Help!
Geico bought or absorbed the insurance company we were with a couple years ago and continued taking our money. Our boat is 44 years old. We did provide a survey when we originally got the insurance
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26-02-2018, 09:53
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#7
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Registered User
Join Date: Jan 2016
Location: Portsmouth, UK
Boat: Westerly Conway 36ft
Posts: 961
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Re: Older boat insurance - Help!
Try Pantaenius Group
The Companies
Their UK firm hasnt raised any quibbles about insuring my 1981 boat & I have found them very approachable & helpful. I understand they also have offices in USA.
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26-02-2018, 09:54
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#8
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Registered User
Join Date: Oct 2014
Location: Florida
Boat: Scout 30
Posts: 3,112
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Re: Older boat insurance - Help!
Probably goes without saying but Boat US is kind of a bench mark although since Geico took over the rates have gone up.
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26-02-2018, 09:56
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#9
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Registered User
Join Date: Aug 2012
Posts: 18
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Re: Older boat insurance - Help!
Have been Progressive via an agent for 4 years, my boat is a 1976
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26-02-2018, 10:04
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#10
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Registered User
Join Date: Mar 2011
Location: PNW 48.59'45N 122.45'50W
Boat: Ian Ross design ketch 63'
Posts: 1,472
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Re: Older boat insurance - Help!
We've had good luck with Markel - our boat is 1981. We have a current survey.
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26-02-2018, 10:05
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#11
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Registered User
Join Date: Jan 2018
Boat: Columbia 29 MK1 Hull #28
Posts: 981
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Re: Older boat insurance - Help!
I purchases a BOAT US product which is actually a GEICO policy. Have used GEICO for insurance for almost a decade and have always been happy. Have five vehicles, well did until recently and we used Progressive for a couple but are now entirely back to GEICO.
Our boat is a 1962 Columbia 29 and they covered us without issue. We did however complete a DIY survey that requests a few photos, but nothing too bad. They are very accommodating and had good prices, although I hear it was cheaper a few years ago. Over all very pleased with the service Boat US provides and the prices, feel its a good value for our old classic.
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26-02-2018, 10:29
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#12
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Registered User
Join Date: Dec 2013
Location: T or C NM
Boat: Catalina C-27-Venture of Newport 23'
Posts: 85
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Re: Older boat insurance - Help!
I've always found National Marine Underwriters was the best policy hands down. My boat was almost 30 years old and it just took a survey. Literally half the price I was quoted from boat US, progressive, geico. Always get several quotes.
Another great one is Markel. I dropped my aarp ins and went with Markel because they were 45% less and way better coverage. This is on my 1 of 100 built motorcycle but they do all sporting stuff. Their policy reduced price and gave a lot more. From the 50-100-50 to 100-300-100k and $5000 accidental death burial if killed on bike. Again at almost half less than aarp. I would check with both of these carriers. Hard to say anything good about Ins co. but these 2 were treating me good. Good luck brother...
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26-02-2018, 10:58
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#13
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Registered User
Join Date: Mar 2010
Location: Florida
Boat: Columbia 45
Posts: 22
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Re: Older boat insurance - Help!
Old boats and insurance can be challenging. I have my 1973 Columbia 45 insured with Progressive through Atlass Insurance Group and couldn't be happier. Fair coverage and good rates.
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26-02-2018, 11:08
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#14
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Registered User
Join Date: Sep 2013
Posts: 17
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Re: Older boat insurance - Help!
I have a 1954 Penn Yan Swift insured with AIG through
Grunder Worldwide - Classic Boat
400 Horsham Road
Suite 150
Horsham PA, USA
Phone 866-338-4006
Give them a try.
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26-02-2018, 11:26
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#15
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Registered User
Join Date: Feb 2011
Location: Meandering about the Gulf of Alaska coast [NNE Pacific]— where the internet doesn't always shine... [Even Elon's...] Homeport: Wrangell Island
Boat: Nauticat 43 [S&S Staysail Ketch]
Posts: 1,797
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Re: Older boat insurance - Help!
We insure our USCG documented 1983 ketch with Al Golden at IMIS. Highly recommended.
A broker can typically find you coverage, and represents you instead of an insurance company...
We have been consistently underwritten with Markel through an IMIS Jackline Policy.
Here is a brief overview of our boat insurance coverage preferences [and what to be aware of when buying insurance] if that is of interest.
Best wishes finding what works best for you.
Cheers! Bill
__________________
SV Denali Rose
Learning every day- and sharing if I can.
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