Page 1 of 1

Boat Insurance

Posted: Wed Oct 14, 2020 10:09 am
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?

Re: Boat Insurance

Posted: Wed Oct 14, 2020 10:21 am
by AlanH
We use GEICO, written through an independent broker. It renewed in February for $1,548.

Alan

Re: Boat Insurance

Posted: Fri Oct 16, 2020 3:53 pm
by Expatriate
We use Triton which is an independent agent for Geico. Our bill this year is $1688. Just received it.

Re: Boat Insurance

Posted: Sat Oct 17, 2020 12:34 pm
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.

Re: Boat Insurance

Posted: Sat Oct 17, 2020 2:36 pm
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?

Re: Boat Insurance

Posted: Sat Oct 17, 2020 4:54 pm
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

Re: Boat Insurance

Posted: Sat Oct 17, 2020 7:51 pm
by duetto
alan,

thx for the comeback.

Re: Boat Insurance

Posted: Sun Oct 18, 2020 12:08 pm
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.

Re: Boat Insurance

Posted: Sun Oct 18, 2020 2:41 pm
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