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Thread: Insurance

  1. #1
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Insurance

    Who are you all using for insurance? I have a little 9' home built with a 4hp engine. I am having a hard time finding a policy that will cover the boat. BoatUS/Geico and Allstate both said no. I've heard Progressive might, but only if I move all my other policies to them. I really only care about liability coverage (plus value of engine if possible) for when the kids or guests are cruising around the canal.

  2. #2
    Join Date
    Oct 2017
    Location
    Charleston, SC USA
    Posts
    200

    Default Re: Insurance

    Have you spoken to your homeowners insurance agent? That coverage may already be included in the policy or available as an add on.

  3. #3
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
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    23

    Default Re: Insurance

    Quote Originally Posted by Arlc View Post
    Have you spoken to your homeowners insurance agent? That coverage may already be included in the policy or available as an add on.
    Yes. Allstate does all my policies, including homeowners and umbrella. I was told they are unable to cover a homebuilt boat, and the agent (who is otherwise very good) did not know of any options.

  4. #4
    Join Date
    Oct 2017
    Location
    Charleston, SC USA
    Posts
    200

    Default Re: Insurance

    In SC, State Farm provides liability coverage under the HO policy. Coverage for the asset (vessel and equip) under separate policy. Maybe time to find new insurance company.

  5. #5
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by Arlc View Post
    In SC, State Farm provides liability coverage under the HO policy. Coverage for the asset (vessel and equip) under separate policy. Maybe time to find new insurance company.
    Yeah... hence asking here. The issue is that even the companies who insure boats, aren't willing to insure a homebuilt boat. That's why I am asking. Telling me to try a different company isn't really useful when I came here saying that all the companies I've tried aren't willing to insure it. I need specific knowledge of companies who will insure a homebuilt.

  6. #6
    Join Date
    Apr 2010
    Location
    Fairfield, CA
    Posts
    2,054

    Default Re: Insurance

    Why did BoatUS/Geico decline? They cover my home built boat for liability, just wanted some info and pictures.

  7. #7
    Join Date
    Mar 2007
    Location
    East Quogue,NY
    Posts
    21,992

    Default Re: Insurance

    ^+1

    Is your boat registered?

    I realize a lot of folks don't want to register a tiny boat. But, if we put an engine or motor on, register it we must. I am not trying to
    "play cop", just saying that if you don't want to register it, I get it....but I also get why an insurance company won't cover it.

    Kevin
    There are two kinds of boaters: those who have run aground, and those who lie about it.

  8. #8
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by rgthom View Post
    Why did BoatUS/Geico decline? They cover my home built boat for liability, just wanted some info and pictures.
    Don't know. As soon at I said it was homebuilt, they told me they couldn't insure it. All I want is liability.

  9. #9
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by Breakaway View Post
    ^+1

    Is your boat registered?

    I realize a lot of folks don't want to register a tiny boat. But, if we put an engine or motor on, register it we must. I am not trying to
    "play cop", just saying that if you don't want to register it, I get it....but I also get why an insurance company won't cover it.

    Kevin
    Yes, it is registered. Also carry all the USCG required safety gear, and whatever else I need to stay legal... Just like my big boat. All I want is some liability insurance on the thing. It goes 5mph and is only used in the canal, so risk of anything actually happening is slim. Still, I am uncomfortable to let people take it out due to liability issues if they somehow managed to hurt themselves or damage someone's property.

  10. #10
    Join Date
    Mar 2012
    Location
    Adirondack Mts, New York State
    Posts
    1,095

    Default Re: Insurance

    Is it USCG certified and has a HIN?

  11. #11
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by Chris Woodward View Post
    Is it USCG certified and has a HIN?
    It was registered in the state of FL following their procedures. They gave it a HIN. There is no CG inspections on boats under 16' I believe. But regardless, I've done all the steps to register a motor boat of that size.

  12. #12
    Join Date
    Jul 2020
    Location
    Norwich, Norfolk, UK
    Posts
    492

    Default Re: Insurance

    Do you not have specialist Dinghy and yacht insurance brokers over there?
    Over here in general you don't directly go to a insurance company but go via a broker. So for my modified landrover I went to Adrian Flux, and I've just got my first quote in from Noble marine for my home built sailing boat. Other brokers will also be asked about the boat shortly..
    Just an amateur bodging away..

  13. #13
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by The Q View Post
    Do you not have specialist Dinghy and yacht insurance brokers over there?
    Over here in general you don't directly go to a insurance company but go via a broker. So for my modified landrover I went to Adrian Flux, and I've just got my first quote in from Noble marine for my home built sailing boat. Other brokers will also be asked about the boat shortly..
    There are some specialized insurance brokers. That's why I was asking here. Hoping to not waste a ton of time with dead end leads. I thought someone might have had a personal recommendation that insured a similar boat.

    I think a lot of the problem is that it is such a small boat. I bet insuring a similar size/power production dingy would cost $50 for the year. I think most brokers simply don't want to waste their time with me.

  14. #14
    Join Date
    Sep 2015
    Location
    Viroqua, Wisconsin
    Posts
    366

    Default Re: Insurance

    Home-built boat insurance...

    I'd think being in FL you'd have lots of options. Finding a willing agent / broker may take some time but that's what e-mail's for IMHO.

    You build from plans / kit or DIY? The motor may be the biggest issue but as I've never had a motor-driven watercraft, my actual experience is nil on that aspect.

  15. #15
    Join Date
    May 2018
    Location
    Clearwater Beach, FL
    Posts
    23

    Default Re: Insurance

    Quote Originally Posted by sp_clark View Post
    Home-built boat insurance...

    I'd think being in FL you'd have lots of options. Finding a willing agent / broker may take some time but that's what e-mail's for IMHO.

    You build from plans / kit or DIY? The motor may be the biggest issue but as I've never had a motor-driven watercraft, my actual experience is nil on that aspect.
    Built from plans. Marine ply sheathed in glass. Has a 4hp outboard. Doesn't even plane. Only use is cruising the canal. I don't even care about coverage for the boat/motor value. I'd be happy with just liability to protect my other assets in the rare chance someone got hurt.

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