Insurance - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum
 Not a Member? 


Like Tree1Likes
Reply
 
LinkBack Thread Tools
  #1  
Old 04-21-2012
Junior Member
 
Join Date: Apr 2002
Location: florida
Posts: 11
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 0
lewharve is on a distinguished road
Unhappy Insurance

we found a boat and had a survey but the insurance quotes have been outragous more than a car. why
Reply With Quote Share with Facebook
  #2  
Old 04-21-2012
CaptainForce's Avatar
Senior Member
 
Join Date: Jan 2006
Location: living aboard since 1972
Posts: 1,699
Thanks: 0
Thanked 12 Times in 12 Posts
Rep Power: 9
CaptainForce will become famous soon enough
Re: Insurance

Full coverage? A wood boat? ...In Florida during hurricane season? An old boat? What is outrageous?
I would likely agree, as I have a 1973 boat with Florida registration and was quoted a cost of 8.5% the value of my boat/year; therefore, I carry liability only. Take care and joy, Aythya crew
Reply With Quote Share with Facebook
  #3  
Old 04-21-2012
Member
 
Join Date: Mar 2012
Location: Portland, ME
Posts: 34
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
fmueller is on a distinguished road
Re: Insurance

Speaking of insurance...

Do most Marina's require both liability and Hull insurance? Or is liability only generally sufficient? I can understand the liability piece, but why would they require the Hull insurance?

Does anyone even write Hull insurance policies for 40 year old boats with really low value? My boat was free (to me) so I can't really imagine spending a lot of money on hull insurance (or even a survey which I think is required for most hull insurance, right?)

~fortunat
Reply With Quote Share with Facebook
  #4  
Old 04-22-2012
Squidd's Avatar
Superior Sailor
 
Join Date: Sep 2011
Location: Eagle River Wi.
Posts: 904
Thanks: 3
Thanked 3 Times in 2 Posts
Rep Power: 3
Squidd is on a distinguished road
Re: Insurance

Exactly....
__________________
"Might as well cast off...If anything is gonna happen...It's gonna happen out there..."
"Captin Ron"
Reply With Quote Share with Facebook
  #5  
Old 04-22-2012
wingNwing's Avatar
formerly posting as eryka
 
Join Date: Apr 2008
Location: aboard s/v Cinderella
Posts: 1,123
Thanks: 5
Thanked 5 Times in 5 Posts
Rep Power: 7
wingNwing is on a distinguished road
Re: Insurance

The other factor besides cruising area that will hugely affect the cost of your insurance is your sailing resume. Documented training courses? Boat-owning history?

I'd assume most marinas are more interested in your liability than your hull coverage (if your boat is damaged that makes it your problem, they only care about damage you do to others or to their docks) but I can't say that definitely since we have both insurances - this boat is our only home.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Cinderella, CSY 33, Photo by Joe McCary

Regret for the things we did can be tempered by time; it is regret for the things we did not do that is inconsolable. - Sidney J. Harris


Shameless self-promotion - my blog for the Annapolis Capital newspaper:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
still has some glitches to be worked out. Until then, I'm posting at:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
and
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
! And a new project:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #6  
Old 04-22-2012
Junior Member
 
Join Date: Apr 2002
Location: florida
Posts: 11
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 0
lewharve is on a distinguished road
Re: Insurance

the boat is a 1980 CAL 39 and we will keep it in fla this year. as we work for FEMA during hurrican season we can put it up. but we plan to sail at least to philly next year. so if I just carried liability it would be less than a grand do you think?
if you live abord at least 51% of the time, FEMA will help to repair the boat if it is in a declared disaster.
sidney777 likes this.
Reply With Quote Share with Facebook
  #7  
Old 04-22-2012
Senior Member
 
Join Date: Feb 2011
Location: San Francisco Bay area
Posts: 2,171
Thanks: 1
Thanked 33 Times in 33 Posts
Rep Power: 4
MarkSF is on a distinguished road
Re: Insurance

Having got boat insurance for the first time last year, I can tell you the quotes were all over the map.

Two suggestions : Boat US, and State Farm.
__________________
1984 Bristol 31.1
Alameda, California, USA
Reply With Quote Share with Facebook
  #8  
Old 04-22-2012
hellosailor's Avatar
Plausible Deniability
 
Join Date: Apr 2006
Posts: 10,546
Thanks: 2
Thanked 82 Times in 80 Posts
Rep Power: 10
hellosailor has a spectacular aura about hellosailor has a spectacular aura about
Re: Insurance

lew, your insurance rate will depend on your own credentials, past ownership of similarly sized vessels, years of experience, geographic location, sailing areas covered, and almost anything else that can be used to identify you as a potential risk, including credit history, past employment, and having a home on land or being a vagrant. (So to speak.)

When in doubt ASK your insurer what criteria are being used and if you can do anything about them. A real broker can give you answers. Sometimes taking USCG Aux or USPower Squadron classes--or joining the organization--can get you a better rate.

But if it is your first time owning a large boat, and it is an older boat, and you have no home on land, and you're in hurricane country....Yeah, that may cost you.
Reply With Quote Share with Facebook
  #9  
Old 04-22-2012
Senior Member
 
Join Date: Feb 2011
Location: San Francisco Bay area
Posts: 2,171
Thanks: 1
Thanked 33 Times in 33 Posts
Rep Power: 4
MarkSF is on a distinguished road
Re: Insurance

Quote:
Originally Posted by sidney777 View Post
I've seen no ryme or reason for insurance in marinas. Some marinas use ins. requirement to keep certain people out. Some of best marinas in panhandle Florida and Alabama did not require ins. (I have State Farm). Boat US wanted a take out of water survey this time, but not 6 yrs ago!.... One marina had a boat catch fire and now wants LIABILITY INS. In my experience; marinas only wanted liability ins. Also, none of them KNEW if they wanted Full coverage ins (strange but true). I'm sure some know.
Sounds like my experience with Boat US... the survey I'd just had done wasn't "detailed enough" so I'd have needed another out of the water survey. This was after I used a surveyor on their approved list. Been with State Farm for 2 years now, no problems.
__________________
1984 Bristol 31.1
Alameda, California, USA
Reply With Quote Share with Facebook
  #10  
Old 04-22-2012
cruising all I can
 
Join Date: Apr 2007
Posts: 905
Thanks: 3
Thanked 17 Times in 12 Posts
Rep Power: 8
joethecobbler is on a distinguished road
Re: Insurance

insurance= gov't backed extortion.
ever been to Vegas ? the favorite phrase is "insurance is for suckers"
But if you must, you must.
Last time I checked Progressive will offer liabiity w/ no haul out or survey quoted me $500 for a 30 + year old 32' FRP sailboat, a year or two back.
I also stayed a couple months at a marina in Fl. that "required liability" , although I had none at the time it was overlooked, the dockmaster basically told me he uses it as a reason to weed out the undesirables.
As with most things in life , its who you know and who you get along with.
Great when it goes your way.
Anchoring is much more pleasurable, and much more economical.

have fun, if your not, what's the point ?
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance Leocat66 General Discussion (sailing related) 7 05-28-2011 09:33 PM
Insurance EpicAdventure Boat Review and Purchase Forum 3 07-23-2010 02:51 PM
Insurance geary126 Gear & Maintenance 3 07-29-2007 11:43 AM
Insurance rcibul Boat Review and Purchase Forum 2 07-30-2006 06:00 PM


All times are GMT -4. The time now is 05:21 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.