Boat Insurance

Aguamenti · 09-07-2015, 07:21 PM

Our home and cars are insured through USAA. When we bought the boat we found that USAA does not offer boat insurance - they have an affiliate program for that with Progressive. So that's what we got.

rowinghelmet · 09-07-2015, 07:41 PM

I've heard bad things about how Progressive handles claims.

Charter Lakes (http://www.charterlakes.com/) and Boat US (http://www.boatus.com/insurance/) seem to have a sterling reputation in the industry.

Make sure to read up on Agreed Value vs. ACV (Actual Cash Value) policies - http://www.cruisersforum.com/forums/...ies-57657.html

wynndog · 09-09-2015, 07:51 AM

I got the same story with USAA. Made me use Progressive and when I sold the boat, & dropped the ins. big hassle. E-m's, phone calls, it cost me $$ to drop the ins. before the renewal came up!!

camp guy · 09-09-2015, 08:12 AM

Boat insurance can be tricky. My experience taught me that having insurance where you boat can be very helpful, and having a good relationship with the Agent is very helpful. Fortunately for me, I boated where I live, and had a local Agent for home, cars, and boat - the best of all worlds.

gf2020 · 09-09-2015, 02:41 PM

Happy with BoatUS for 7 years.

bostique · 09-11-2015, 12:04 PM

I've been very happy with the service and pricing of BoatUS insurance for the past 12 years. Exceptional customer service and quick no-hassle claim service! As mentioned above, be sure to read up on Agreed Value vs. ACV (Actual Cash Value) policies.
If you're only looking for liability protection, consider having it added to your homeowners policy to save some money. Remember that cheaper isn't always better.

gnhdad · 09-17-2015, 12:33 PM

For those that have Progressive, any insight about which package you went with (they offered 3 during the quoting process)? The basic package didn't cover towing and/or uninsured boater coverage. Is it worth the peace of mind?

ishoot308 · 09-17-2015, 01:34 PM

Quote:

Originally Posted by gnhdad

For those that have Progressive, any insight about which package you went with (they offered 3 during the quoting process)? The basic package didn't cover towing and/or uninsured boater coverage. Is it worth the peace of mind?

On my 22' Eastern, I have a "Total Loss Replacement/Purchase Price" policy. Basically I get exactly what I paid for the boat when new ($51,000.00) in case of a total loss at any time. There is no depreciation whatsoever.

This policy includes roadside assistance, and coastal navigation coverage within 75 nautical miles, (not that I need that but it is included). I also have a $1000.00 replacement cost coverage for personal effects. My trailer is also covered as well as any and all installed marine electronics and uninsured boater...

Total annual premium = $177.00

If I remember correctly, the difference in price from their basic plan to this total purchase price plan plan was minuscule and well worth getting.

Hope this helps!

Dan

Slickcraft · 09-17-2015, 01:34 PM

The rate that I mentioned in post #6 includes uninsured boater, fuel spill and towing coverage.

Descant · 09-22-2015, 10:46 PM

I had a claim with Progressive. No problems whatsoever. I paid the deductible, they wrote a check to the marina and everybody was happy. Only took a few days for them to see the boat and wrote the check to the marina on the spot, I think. Progressive via USAA.

Donzi Minx · 09-23-2015, 06:41 AM

Absolutely Boat US. Launched the lower unit over in the NW corner of the lake, not paying attention like a buffoon, but worked with the Ewings over at Dave's and all was put back together better than new. Ditto for a windshield replacement which was really hard to duplicate on the Minx.

jhnmdahl · 10-10-2015, 07:00 PM

Progressive's quote sounds about right, but be sure to check with whoever you use for auto or homeowners insurance - you may get a discount for having multiple insurance policies with the same company.

Progressive and State Farm were close in price for me, but I have a good relationship with my State Farm agent and have heard a few so-so reviews of Progressive's claim handling (although there were many positive experiences as well), so went with my existing State Farm agent.

HellRaZoR004 · 10-10-2015, 07:23 PM

Quote:

Originally Posted by jhnmdahl

Progressive's quote sounds about right, but be sure to check with whoever you use for auto or homeowners insurance - you may get a discount for having multiple insurance policies with the same company.

Progressive and State Farm were close in price for me, but I have a good relationship with my State Farm agent and have heard a few so-so reviews of Progressive's claim handling (although there were many positive experiences as well), so went with my existing State Farm agent.

I just switched from Progressive. They do NOT cover freeze damage, don't even offer extra coverage. Just something to consider.

JasonG · 10-13-2015, 10:05 PM

ski safe. A rated, cheaper then geico.

Formula260SS · 10-14-2015, 05:03 PM

My Boat US policy came up for renewal and after reading this post decided to shop it against Progressive. Boat US for my 26' Formula and 16' Whaler was about $900.00. Progresive came in at $466.00 for both. I will say that the Boat US Policy has more detail in it and seems a little more geared towards costal boats to me. I did the agreed value option and went with standard 100/300.

Having been on the lake a long time and the boats stay there my feeling is it's a low risk proposition for me personally. I have an impeccable driving record and do not indulge. No brainer for me......I just cut my costs in 1/2 thanks to the forum !!

09-09-2015, 07:51 AM	#3
wynndog Senior Member Join Date: Oct 2013 Location: Alton Posts: 98 Thanks: 170 Thanked 10 Times in 7 Posts	boat ins I got the same story with USAA. Made me use Progressive and when I sold the boat, & dropped the ins. big hassle. E-m's, phone calls, it cost me $$ to drop the ins. before the renewal came up!!

09-09-2015, 08:12 AM	#4
camp guy Senior Member Join Date: Apr 2004 Location: formerly Winter Harbor, still Wolfeboro Posts: 1,205 Thanks: 309 Thanked 535 Times in 299 Posts	Boat insurance Boat insurance can be tricky. My experience taught me that having insurance where you boat can be very helpful, and having a good relationship with the Agent is very helpful. Fortunately for me, I boated where I live, and had a local Agent for home, cars, and boat - the best of all worlds.

09-17-2015, 12:33 PM	#7
gnhdad Junior Member Join Date: Sep 2015 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Progressive For those that have Progressive, any insight about which package you went with (they offered 3 during the quoting process)? The basic package didn't cover towing and/or uninsured boater coverage. Is it worth the peace of mind?

09-22-2015, 10:46 PM	#10
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,472 Thanks: 1,385 Thanked 1,667 Times in 1,086 Posts	Progressive is OK I had a claim with Progressive. No problems whatsoever. I paid the deductible, they wrote a check to the marina and everybody was happy. Only took a few days for them to see the boat and wrote the check to the marina on the spot, I think. Progressive via USAA.

09-23-2015, 06:41 AM	#11
Donzi Minx Senior Member Join Date: Dec 2007 Location: Melrose, Mass. Posts: 194 Thanks: 0 Thanked 184 Times in 53 Posts	Boat Insurance Absolutely Boat US. Launched the lower unit over in the NW corner of the lake, not paying attention like a buffoon, but worked with the Ewings over at Dave's and all was put back together better than new. Ditto for a windshield replacement which was really hard to duplicate on the Minx.

09-07-2015, 07:21 PM	#1
Aguamenti Senior Member Join Date: Jul 2011 Location: MA/Tuftonboro Posts: 143 Thanks: 95 Thanked 36 Times in 21 Posts	Our home and cars are insured through USAA. When we bought the boat we found that USAA does not offer boat insurance - they have an affiliate program for that with Progressive. So that's what we got.

09-07-2015, 07:41 PM	#2
rowinghelmet Senior Member Join Date: Jun 2012 Posts: 60 Thanks: 0 Thanked 25 Times in 20 Posts	I've heard bad things about how Progressive handles claims. Charter Lakes (http://www.charterlakes.com/) and Boat US (http://www.boatus.com/insurance/) seem to have a sterling reputation in the industry. Make sure to read up on Agreed Value vs. ACV (Actual Cash Value) policies - http://www.cruisersforum.com/forums/...ies-57657.html

09-09-2015, 02:41 PM	#5
gf2020 Senior Member Join Date: Feb 2009 Location: North of Boston Posts: 203 Thanks: 11 Thanked 35 Times in 28 Posts	Happy with BoatUS for 7 years.

09-11-2015, 12:04 PM	#6
bostique Junior Member Join Date: May 2015 Location: Meredith, NH Posts: 19 Thanks: 83 Thanked 8 Times in 3 Posts	Boat Insurance I've been very happy with the service and pricing of BoatUS insurance for the past 12 years. Exceptional customer service and quick no-hassle claim service! As mentioned above, be sure to read up on Agreed Value vs. ACV (Actual Cash Value) policies. If you're only looking for liability protection, consider having it added to your homeowners policy to save some money. Remember that cheaper isn't always better.

The Following User Says Thank You to ishoot308 For This Useful Post:
RUGMAN (09-17-2015)

09-17-2015, 01:34 PM	#9
Slickcraft Senior Member Join Date: Mar 2008 Location: Welch Island and The Taylor Community Posts: 3,343 Thanks: 1,249 Thanked 2,121 Times in 970 Posts	The rate that I mentioned in post #6 includes uninsured boater, fuel spill and towing coverage.

10-10-2015, 07:00 PM	#12
jhnmdahl Junior Member Join Date: Feb 2015 Location: Twin Cities, MN Posts: 6 Thanks: 1 Thanked 0 Times in 0 Posts	Progressive's quote sounds about right, but be sure to check with whoever you use for auto or homeowners insurance - you may get a discount for having multiple insurance policies with the same company. Progressive and State Farm were close in price for me, but I have a good relationship with my State Farm agent and have heard a few so-so reviews of Progressive's claim handling (although there were many positive experiences as well), so went with my existing State Farm agent.

10-13-2015, 10:05 PM	#14
JasonG Senior Member Join Date: May 2006 Posts: 310 Thanks: 48 Thanked 45 Times in 33 Posts	ski safe. A rated, cheaper then geico.

10-14-2015, 05:03 PM	#15
Formula260SS Senior Member Join Date: Oct 2006 Location: NH Posts: 384 Thanks: 11 Thanked 76 Times in 51 Posts	Progressive vs. Boat US My Boat US policy came up for renewal and after reading this post decided to shop it against Progressive. Boat US for my 26' Formula and 16' Whaler was about $900.00. Progresive came in at $466.00 for both. I will say that the Boat US Policy has more detail in it and seems a little more geared towards costal boats to me. I did the agreed value option and went with standard 100/300. Having been on the lake a long time and the boats stay there my feeling is it's a low risk proposition for me personally. I have an impeccable driving record and do not indulge. No brainer for me......I just cut my costs in 1/2 thanks to the forum !!