NE Insurance Rates - Reasonable? - 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 > General Interest > General Discussion (sailing related)
 Not a Member? 


Like Tree18Likes
Reply
 
LinkBack Thread Tools
  #1  
Old 04-30-2013
HardTAC's Avatar
Junior Member
 
Join Date: Apr 2013
Location: California Central Coast
Posts: 22
Thanks: 1
Thanked 0 Times in 0 Posts
Rep Power: 0
HardTAC is on a distinguished road
NE Insurance Rates - Reasonable?

Just got a $2,000/yr quote on a 1979 Morgan 38-footer from Boat US. We're in Rhode Island. We got the boat for free (but that doesn't mean we haven't sunk some money into it), and we're on it only five weeks a year. I'm thinking about a liability only policy after seeing this quote. Any thoughts or suggestions for more competitive rates in New England?
Reply With Quote Share with Facebook
  #2  
Old 04-30-2013
Junior Member
 
Join Date: May 2006
Posts: 25
Thanks: 1
Thanked 1 Time in 1 Post
Rep Power: 0
alturia is on a distinguished road
Re: NE Insurance Rates - Reasonable?

That seems high. We are in Rhode Island and pay about $950 a year for a boat valued at $185,000. Contact an insurance agency that specializes in boats to see what they can do for you. We use

Admiralty Insurance Agency, Inc.
2 Central Street
Winchester, MA 01890
781-721-5500
HardTAC likes this.
Reply With Quote Share with Facebook
  #3  
Old 04-30-2013
Senior Member
 
Join Date: Feb 2010
Location: Narragansett Bay
Posts: 8,967
Thanks: 10
Thanked 135 Times in 121 Posts
Rep Power: 6
Minnewaska will become famous soon enough Minnewaska will become famous soon enough
Re: NE Insurance Rates - Reasonable?

Age of the hull, condition, loss experience, Skipper's sailing resume, etc, etc, all affect premium. That said, we are insured through Traveler's and just got my bill for $2,800 to cover a $500k hull, liability and hurricane haul out coverage in RI.

I recall that Boat US was not at all competitive when I got a quote several years ago. That can vary state to state.

It seems that you live in CA, but vacation in RI? I wonder if the insurance companies are concerned about an unattended boat. Most losses happen right at the dock.
olddog60 likes this.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Reply With Quote Share with Facebook
  #4  
Old 04-30-2013
Junior Member
 
Join Date: Apr 2007
Location: Boston, MA
Posts: 26
Thanks: 1
Thanked 1 Time in 1 Post
Rep Power: 0
akavishon is on a distinguished road
Re: NE Insurance Rates - Reasonable?

My 2013 insurance bill is 20% higher than what I paid in 2012.
No claims, incidents etc ... insurance went up.
Reply With Quote Share with Facebook
  #5  
Old 04-30-2013
tommays's Avatar
Senior Member
 
Join Date: Sep 2008
Posts: 4,245
Thanks: 1
Thanked 25 Times in 25 Posts
Rep Power: 7
tommays will become famous soon enough
Re: NE Insurance Rates - Reasonable?

Owning a 1970 boat just became much harder in the NE after Sandy

I have had insurance pretty much forever claim free and the last carrier just dropped me cold and boat US found a new one

In going out and looking so far even with a CLEAN 2011 survey they seem to have issue with boats older than 25 years as apparently something magical happens at that age that makes the boat a bad risk
__________________
1970 Cal 29 Sea Fever

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

1981 J24 Tangent 2930
Tommays
Northport NY


If a dirty bottom slows you down what do you think it does to your boat
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 04-30-2013
Senior Member
 
Join Date: Dec 2012
Location: new england
Posts: 1,701
Thanks: 31
Thanked 30 Times in 27 Posts
Rep Power: 2
outbound is on a distinguished road
Re: NE Insurance Rates - Reasonable?

gotten brutal as you go from seasonal to year round, coastal to offshore, US to international. May go to liability and otherwise self insure in future if this keeps going on. Suggested on another thread we as a SN community think about setting up a non profit to insure ourselves.
__________________
s/v Hippocampus
Outbound 46
Reply With Quote Share with Facebook
  #7  
Old 04-30-2013
Harborless's Avatar
Blue Horizons
 
Join Date: Nov 2010
Location: Jacksonville, Fl
Posts: 1,052
Thanks: 4
Thanked 19 Times in 16 Posts
Rep Power: 4
Harborless is on a distinguished road
Re: NE Insurance Rates - Reasonable?

Thats such BS man. For my boat I bought for 2 grand thats 30+ yr old they wanted 1800 and an out of water survey.
I told them to kick rocks.
I live by the mantra of the Buddah anyway regarding material posession:
It was lost before you ever found it. I.E. it was broken before it was made, ie.e. all things come and go.
when my boat sinks, she sinks. The 2000 annual will go on my new boat. Robbers.
oysterman23 and HardTAC like this.
Reply With Quote Share with Facebook
  #8  
Old 04-30-2013
Harborless's Avatar
Blue Horizons
 
Join Date: Nov 2010
Location: Jacksonville, Fl
Posts: 1,052
Thanks: 4
Thanked 19 Times in 16 Posts
Rep Power: 4
Harborless is on a distinguished road
Re: NE Insurance Rates - Reasonable?

Quote:
Originally Posted by outbound View Post
gotten brutal as you go from seasonal to year round, coastal to offshore, US to international. May go to liability and otherwise self insure in future if this keeps going on. Suggested on another thread we as a SN community think about setting up a non profit to insure ourselves.
Every good accomplishment starts with a good idea.
Why can't we create a maritime insurance agency for older era sailboats? Seems niche enough to me to have a viable market.
Im down.
Reply With Quote Share with Facebook
  #9  
Old 04-30-2013
katsailor's Avatar
Fresh water refugee
 
Join Date: Jan 2013
Location: Southport, NC
Posts: 160
Thanks: 6
Thanked 1 Time in 1 Post
Rep Power: 2
katsailor is on a distinguished road
Re: NE Insurance Rates - Reasonable?

Quote:
Originally Posted by Harborless View Post
Thats such BS man. For my boat I bought for 2 grand thats 30+ yr old they wanted 1800 and an out of water survey.
I told them to kick rocks.
I live by the mantra of the Buddah anyway regarding material posession:
It was lost before you ever found it. I.E. it was broken before it was made, ie.e. all things come and go.
when my boat sinks, she sinks. The 2000 annual will go on my new boat. Robbers.

'Your boat was burned up before mine caught fire and burned down the marina' - not my problem man

self-insured for loss? thats the owners choice
no liability = poor neighbor
Minnewaska likes this.
__________________
Experience teaches us things we would rather not know.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
S/V Shakti '81 Offshore Cat Ketch 33'

Last edited by katsailor; 04-30-2013 at 02:22 PM.
Reply With Quote Share with Facebook
  #10  
Old 04-30-2013
johnnyquest37's Avatar
Senior Member
 
Join Date: Feb 2012
Location: Houston, TX
Posts: 396
Thanks: 1
Thanked 6 Times in 6 Posts
Rep Power: 3
johnnyquest37 is on a distinguished road
Re: NE Insurance Rates - Reasonable?

Quote:
Originally Posted by alturia View Post
That seems high. We are in Rhode Island and pay about $950 a year for a boat valued at $185,000. Contact an insurance agency that specializes in boats to see what they can do for you. We use

Admiralty Insurance Agency, Inc.
2 Central Street
Winchester, MA 01890
781-721-5500
I'll second Admiralty Insurance Agency. Ask for Marie. Best folks in the business, in my opinion.
HardTAC likes this.
__________________
[/B]S/V Wind Orchid
Catalina 350 (hull# 273)
Annapolis, MD

LET'S GET SERIOUS ABOUT REMOVING POLITCAL TAG LINES -- NOW!
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
Reasonable Prices? FritzN Boat Review and Purchase Forum 18 09-05-2008 11:57 AM
What is a reasonable cost of boat insurance. (C&C35) MikeMoss General Discussion (sailing related) 1 07-17-2008 05:12 PM
Sailboat insurance rates soar with the wind - Daily News - Galveston County NewsReader News Feeds 0 04-22-2006 09:15 AM
Sailboat insurance rates soar with the wind - Daily News - Galveston County NewsReader News Feeds 0 04-16-2006 01:15 AM
Does this Sound Reasonable etagordon Boat Review and Purchase Forum 3 10-10-2002 05:23 PM


All times are GMT -4. The time now is 05:29 AM.

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.