Just got the latest invoice from Gowrie for 2012/13 insurance on my Falcon - a 10% increase from 2011/12 to $388. Curious what others out there are seeing.
What agreed value and deductible on your boat? what limit of liability? what navigational limits?
In general, premiums are increasing for pretty much every first-party coverage (where the carrier pays you - like property, equipment, home, etc) in FL it can be up to 28% if you're in a high hazard class/area/navigational region
Jay, I was just looking for an indication of what percentage increases people are seeing. But fwiw the details are similar to what Kris posted. $17k value, $850 deductable, P&I $300k, Uninsured boater $100k.
"Not to exceed 10 miles from land"... yowch that could hurt anyone in T-500, GT-300 etc who may wander a bit offshore...
and no coverage for the trailer? would someone steal both?
And I agree that Progressive has thrown out some decent numbers lately compared to the premium increase you mentioned... Haven't tried Geico, but both of these carriers look at your credit rating and driving record...
I had to change providers this spring and shopped around. Progressive was the best I found @ $138/yr. (I also checked BoatUS and Gowrie)
Bit of an apples/oranges comparison - my TheMightyHobie18 & trailer is almost 25yrs old and only worth about $3000 now. I have 100k liability and a $500 deductible.
Tipping point for me was the included pet injury coverage. Actually - I just found it as I was leafing through the policy - how that got in there I'll never know.
Noticed my coastal navigation range is good for 75 miles though! When's the last time a non-spin boat ran the GT300?
I insured my last boat through progressive for $5k for ~$200/year with a $250 ded., and it was totalled. That included the trailer, though, which was undamaged and customized, and that meant that they would keep the trailer (presumably goes to sit in a salvage yard.) if I took the payout. I bought the totalled boat and trailer back from them for $600 IIRC.
My next boat is insured for just under twice as much, with the same deductible, and the premium as actually LESS, at ~$150/year.
These also gave me about $85/year multi-policy discount off of my auto policy.
I think the premium discrepancy was due to ordering the first policy online which included roadside assistance and a few other things that don't apply to me, and I called for the second policy and only got the specific coverages I wanted.
Insurance is a strange business. Explain to me how the multi-vehicle discount works? I added a 2nd pickup to my policy, (just liability), and my premium went down $240 a year. Go figure! Maybe it'd be a different story if I had comprehensive and collision on the 2nd pickup, but still, the liability is there.
Insurance is a strange business. Explain to me how the multi-vehicle discount works? I added a 2nd pickup to my policy, (just liability), and my premium went down $240 a year. Go figure! Maybe it'd be a different story if I had comprehensive and collision on the 2nd pickup, but still, the liability is there.
Because chances are you can't drive both vehicles at once?
Insurance is a strange business. Explain to me how the multi-vehicle discount works? I added a 2nd pickup to my policy, (just liability), and my premium went down $240 a year. Go figure! Maybe it'd be a different story if I had comprehensive and collision on the 2nd pickup, but still, the liability is there.
Because chances are you can't drive both vehicles at once?
Karl, That Jake fella is smart.You should listen up, he even used small words for you.
"I said, now, I said ,pay attention boy!"
The cure for anything is salt water - sweat, tears, or the sea Isak Dinesen If a man is to be obsessed by something.... I suppose a boat is as good as anything... perhaps a bit better than most. E. B. White
Insurance is a strange business. Explain to me how the multi-vehicle discount works? I added a 2nd pickup to my policy, (just liability), and my premium went down $240 a year. Go figure! Maybe it'd be a different story if I had comprehensive and collision on the 2nd pickup, but still, the liability is there.
Because chances are you can't drive both vehicles at once?
Hey, I need some help in my office. You got the brains for it.... How's your pole dancing technique?
More cars than drivers is a GOOD thing. Teenage drivers, however, is not such a good thing.
Insurance is a strange business. Explain to me how the multi-vehicle discount works? I added a 2nd pickup to my policy, (just liability), and my premium went down $240 a year. Go figure! Maybe it'd be a different story if I had comprehensive and collision on the 2nd pickup, but still, the liability is there.
Because chances are you can't drive both vehicles at once?
Hey, I need some help in my office. You got the brains for it.... How's your pole dancing technique?
More cars than drivers is a GOOD thing. Teenage drivers, however, is not such a good thing.
The technique is there - it's probably just not something you would want to see though.
No, I can't drive all three vehicles at once, but I can loan two of them out and be driving around in the third. Still though, less money for two vehicles? My bike is on its own policy.
Thanks for filling Jake in Todd. Them big 1s are tuf 4 me.
but I can loan two of them out and be driving around in the third.
Yeah, you may want to check your policy about that... I know a few carriers that state if the drivers aren't listed on the policy, there's no coverage...
Remember two things about insurance in general: - the devil is in the endorsements - you often get what you pay for
And Jake, my pole dance is only legal in two states, and this ain't one of 'em