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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
    1,133

    Default Re: Insurance

    Steamboat

    I get by with the judicious use of serendipity.

  3. #3
    Join Date
    Jul 2000
    Location
    N.E. Connecticut.
    Posts
    7,005

    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
    4,548

    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
    441

    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
    718

    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
    517

    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
    7,005

    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.

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