Boat Insurance

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bjgin
deckhand
deckhand
Posts: 21
Joined: Sat Aug 31, 2019 10:13 am

Boat Insurance

Post by bjgin »

Wondering what people have for boat insurance. We have a 2004 PDQ 34MV w/110 engines. We currently have Boat US which is pricey. Has anyone found a compatible company with a better rate?
BJ and Ginny Patterson
2004 PDQ MV34, #40, 110 Engines
FantaSea IV
The Villages, FL

AlanH
admiral
admiral
Posts: 137
Joined: Mon Apr 25, 2016 3:55 pm

Re: Boat Insurance

Post by AlanH »

We use GEICO, written through an independent broker. It renewed in February for $1,548.

Alan
AlanH
Catbo
2006 34' Hull #81
75hp engines

Expatriate
admiral
admiral
Posts: 115
Joined: Sun Oct 15, 2017 4:20 pm

Re: Boat Insurance

Post by Expatriate »

We use Triton which is an independent agent for Geico. Our bill this year is $1688. Just received it.

Ross Bowling
admiral
admiral
Posts: 210
Joined: Sun Dec 30, 2007 7:49 pm
Location: Ensenada then to San Francisco Bay
Contact:

Re: Boat Insurance

Post by Ross Bowling »

I have Chubb, through a broker here in California. I hear through the Coconut Telegraph that Geico (formally Boat US) has raised their rates & several on the dock have switched to Chubb.
Ross & Diana Bowling
Vita Bella
PDQ 34-114
Coyote Point Marina,San Francisco Bay

duetto
admiral
admiral
Posts: 768
Joined: Wed Jun 15, 2005 11:18 am
Location: ICW (32043)

Re: Boat Insurance

Post by duetto »

hi,

couple of questions for the geico policyholders. are you in fl? are the prices you quote for fixed replacement value...if so would you mind saying what it is?
john & diane cummings
duetto mv34 #23

AlanH
admiral
admiral
Posts: 137
Joined: Mon Apr 25, 2016 3:55 pm

Re: Boat Insurance

Post by AlanH »

John,

Our boat is behind our house in Palm Coast, Florida. It is insured for an agreed value of $243,000. I have attached a copy of the declarations page. Like Expatriate, we use Triton as our independent broker with Geico as the insurer. They were recommended by Beth Simkins when we bought the boat.

Alan

2020 PDQ Declarations page.pdf
(843.65 KiB) Downloaded 48 times
AlanH
Catbo
2006 34' Hull #81
75hp engines

duetto
admiral
admiral
Posts: 768
Joined: Wed Jun 15, 2005 11:18 am
Location: ICW (32043)

Re: Boat Insurance

Post by duetto »

alan,

thx for the comeback.
john & diane cummings
duetto mv34 #23

bjgin
deckhand
deckhand
Posts: 21
Joined: Sat Aug 31, 2019 10:13 am

Re: Boat Insurance

Post by bjgin »

We are in FL and our boat is at a marina on the Suwannee River just off the Gulf. It is insured for $240,000 with a 2% deductible. The quote we got from Geico was $3,900!! If we go to the Bahamas, it has an adder of 50 cents/day. What are we doing wrong? It's due in a couple weeks.
BJ and Ginny Patterson
2004 PDQ MV34, #40, 110 Engines
FantaSea IV
The Villages, FL

AlanH
admiral
admiral
Posts: 137
Joined: Mon Apr 25, 2016 3:55 pm

Re: Boat Insurance

Post by AlanH »

BJ,

I am not sure why your premium is so high. Ours did go down a couple of hundred dollars this year, perhaps yours will. As I mentioned in an earlier post, the boat is at our house in Palm coast. We are only 1.5 miles from the ICW but the nearest inlet is 15 miles away (tide surges). We also have a Slidemoor. which allows the boat to move up and down with the tides. We can take an 8' surge without boat issues. That dropped our insurance about $100 a year when we got it.

My final thought is being on the gulf coast may be more risky? Not sure. I do know this, if I was you, I would be asking my agent a lot of questions.

Alan
AlanH
Catbo
2006 34' Hull #81
75hp engines

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