|Topic Review (Newest First)|
|08-04-2011 09:35 PM|
I also have coverage to haul the boat in a named storm, but it's clearly an add-on.
Wasn't this OP question asked elsewhere already?
|08-04-2011 09:00 PM|
Originally Posted by casey1999 View Post
When I first shopped for insurance I checked with the company that carries our house, thinking it'd be cheaper. When they didn't require a survey for a 30-year old boat or ask where my primary boating waters were I went elsewhere. I figured if they didn't know enough about boats to require a survey or ask basic questions, I didn't want to take the chance that they would not pay when there was a claim.
|08-04-2011 07:25 PM|
Sounds like you are right. The policy states that basically you have no coverage for windstorm or any storm damage where the government has issued a weather warning (NOAA issues these all the time). So just when you need the insurance, you policy is not in effect- at least that is how I read it. I'm going to check some other companies.
|08-04-2011 06:40 PM|
you got it....you may want to call a few marine insurance brokers to get the reality that marine insurance is a different product than other insurances we may use. Unless the progressive policy explicitly states consequential damage, and defines that in terms you understand (and I doubt that it will)...I would spend the $$ on a reputable marine policy.
I have found them to be quite difficult to deal with on everything except taking your money on the net.
|08-04-2011 05:58 PM|
Originally Posted by kd3pc View Post
|08-04-2011 03:10 PM|
I did. It was impossible to get them to do what they said they would do, let alone what the policy says.
In the case of the thru hull that is a maintenance issue...unless your policy covers maintenance...which most do not.
Best of luck with progressive and if you live in one state, the boat is in another and the policy is "written" in another...you are in for a ride.....to say the least
|08-04-2011 02:43 PM|
Does anyone have Progressive Insurance? If you do, will they cover Cosequential Damages? That is say you are tied to you dock and a through-hull fitting starts to leak (due to corrosion) and sinks your boat. My policy will not cover the replacement of the corroded through-hull fitting, but will it cover refloating the boat and repairs due to flooding? I have read the policy and it does not seem to address the issue. I have liability and comp. Comp to the full value of the boat.