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Old 02-18-2009
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Boat Insurance and boat length

I'm running costs on boat ownership and have found that at least one company (Progressive) won't insure boats over 35 feet. Does anyone know if this is a standard breakpoint? Is there a disproportionate jump in rates for boats over 35 feet? I'm looking in the 30-37 foot range and if anything over 35 is going to be a premium rate that might help narrow the search.
Thanks!
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Old 02-18-2009
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Quote:
Originally Posted by Blowfish View Post
I'm running costs on boat ownership and have found that at least one company (Progressive) won't insure boats over 35 feet. Does anyone know if this is a standard breakpoint? Is there a disproportionate jump in rates for boats over 35 feet? I'm looking in the 30-37 foot range and if anything over 35 is going to be a premium rate that might help narrow the search.
Thanks!
In my limited experience the availablity of insurance depended more on my previous boat ownership than any arbatrary length measurement. With only limited boating experience on my families 18' runabout and zero sailing experience, I had to shop a bit to find insurance for our Oday 322. After owning that boat 3 years, I had no problem at all getting quotes for over a 1/2 dozen carriers when we moved up to our Catalina 36.

I bought my current policy through Hartge and have been very pleased with the service thus far.

Hartge Insurance Associates - We Specialize In Your Unique Insurance Needs
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Old 02-19-2009
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Companies may be more willing to write larger, more valuable boats in less hurricane prone areas as well.

In Marine insurance, coverage and underwriting guides vary greatly.

Shop around!!
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Old 02-19-2009
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Many companies that write BOAT insurance limit to smaller boats only. Companies that write YACHT policies generally don't. Progressive MIGHT be a yacht policy.

I agree about experience with insurance and larger boats. I went from 26' power to 42' sail. Some companies would not cover me, said come back in 3 years. I'd been with Boat US; they said 'sure, you have a good track record with us'. And I got very good rates too. Not sure what Boat US would have said if I had not been a prior customer. I suspect I would have had a higher premium for the first year or 2.

Shop around.
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Old 02-19-2009
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Most companies stop "Boat" policies at 26-27' LOA, and above that the policies are "Yacht" policies. Some companies won't insure boats above a certain length due to other reasons.
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Old 02-19-2009
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Thanks all! It looks like there is no specific breakpoint at 35 feet, it just varies from company to company. Good to know.
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Old 02-19-2009
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I recently purchased insurance for our 39' sailboat, our first boat. The best deal was by far thru my home and auto insurance company Nationwide, thru their subsidiary Allied. They do boat and yacht insurance. I had to check and check that I was comparing apples to apples but in the end I got a policy that covered all the bases for $350 per year less.

They wanted to know my boating experience and what classes I had taken. I faxed them a copy of courses completed thru sailing schools and applicable first aid certification and coast guard auxillary class for navigation.

If I had not gotten such a good deal thru Nationwide I would have gone with Boat US. Boat US certainly wins the award for the most easily read policy and I have never heard much bad about them. No matter who insures your boat, make sure they know you have a diesel engine if you have one. When my printed policy arrived I noticed it had me as having gasoline, I called them up, they changed it and are sending a substantial refund.

michael
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