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Thread: Insurance

  1. #1
    Join Date
    May 2021
    Location
    Monroe, CT USA
    Posts
    2

    Default Insurance

    Hi all, looking for help with finding insurance for a wooden boat built in 1978. Have been getting rejected a lot. I have looked in the old forum threads here - but a lot of the carriers I have found are now much more restrictive than in the past...

    Thanks in advance!

    Jim

  2. #2
    Join Date
    Jun 2011
    Location
    Central New Jersey
    Posts
    1,161

    Default Re: Insurance

    Steamboat

    I get by with the judicious use of serendipity.

  3. #3
    Join Date
    Jul 2000
    Location
    N.E. Connecticut.
    Posts
    7,136

    Default Re: Insurance

    I had (and have) no issue with Progressive through Boat U.S.. A ”suitability for insurance” survey was required. I have liability only. $75 premium,.. 1957, 33 ft Hubert Johnson Jersey sea skiff.

  4. #4
    Join Date
    Dec 2003
    Location
    Sound Beach, NY
    Posts
    4,693

    Default Re: Insurance

    SeaDawn, welcome aboard! Did you buy Coqueze?
    NedL, interesting. I tried BoatUS and they wouldn't insure my boat because it's over 50 years old.

  5. #5
    Join Date
    Oct 2009
    Location
    Newport, OR
    Posts
    442

    Default Re: Insurance

    I had State Farm on my 42' Grand Banks (liability & pollution) for $89.00 a year. Recently sold that and went back to a commercial salmon boat, wood, built 1960 in Canada and 36'. Carriers are no longer giving liability and pollution only for wood commercial vessels (a change I expect will catch up to the recreational market). So i needed a $540.00 survey and hull & machinery insurance for just under $3K/year. That's non-winter coverage, and doubles if I take a crew member.
    1960 LeClerq 36' Commercial Salmon Troller F/V Alcor

  6. #6
    Join Date
    Aug 2004
    Location
    Western Michigan
    Posts
    729

    Default Re: Insurance

    Hagerty
    If you don't know where you're going, you might not end up there.-Yogi Berra

  7. #7
    Join Date
    May 2021
    Location
    Monroe, CT USA
    Posts
    2

    Default Re: Insurance

    Thanks all,

    Jim Grundy reached out to me - need to get Grundy the completed survey (thank you Jim). Hagerty declined. Nationwide gave me a quote for liability only, but don't yet know what kind of coverage this gives, and seems expensive for liability only for a recreational sailboat - so, still looking. I would think all the yahoos out there with overpowered motorboats would be more of a risk than an old codger in a wooden sailboat on Long Island Sound...Wonder why wooden boats are considered to be more risk?

  8. #8
    Join Date
    Aug 2012
    Location
    PNW
    Posts
    605

    Default Re: Insurance

    Too many decrepit, poorly or unmaintained wooden boats out there. Their risk pulls all of us down with them.
    ​​♦ During times of universal deceit, telling the truth becomes a revolutionary act
    ♦ The further a society drifts from truth the more it will hate those who speak it
    ♦ If liberty means anything at all, it means the right to tell people what they do not want to hear
    ♦ George Orwell

  9. #9
    Join Date
    Jul 2000
    Location
    N.E. Connecticut.
    Posts
    7,136

    Default Re: Insurance

    I just got my renewal from Geico (sorry,... above I was thinking Progresive, it’s Grico). My premium went up!!!!
    From $75 to $77.

  10. #10
    Join Date
    May 2011
    Posts
    1

    Default Re: Insurance

    I'm looking for insurance too. Geico/boatus canceled my insurance when my cc# got changed and they didn't bother to tell me. Now they won't insure older boats and basically told me to xxxx off

    In speaking with Hagerty I asked about charter insurance and that was the end of the conversation. She said just asking meant they couldn't cover me.

    So far Heritage Marine Insurance is the only place that has even given me any hope. I'll report back if I find out more. Hopefully someone else out there can offer more options.

  11. #11
    Join Date
    Apr 2019
    Location
    Massachusetts
    Posts
    748

    Default Re: Insurance

    Quote Originally Posted by Ron Carter View Post
    Hagerty
    + 1

  12. #12
    Join Date
    Oct 2009
    Location
    South Puget Sound/summer Eastern carib./winter
    Posts
    20,367

    Default Re: Insurance

    I was having trouble , then I called her “composite”not wood. A few pumps of epoxy... bobs yer uncle.

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