Insurance for classic seacraft

[BadfishToo]

Hey all, I just took possession of a rebuilt 23 Potter hull. She’s a looker and has been completely redone. Newish deck, transom, Seevee T-top, console, live well/leaning post. So... the fun part. I can only get it insured for 20k. I paid quite a bit more than that I’m going to get a surveyor to survey the vessel and report back what he thinks it’s worth. I know, I know, I should have gotten the survey beforehand, but this boat was going quick. The boats worth what I paid. Now I just have to get it insured for that. Anyone have this problem?

[Capt Terry]

A year ago I switched to Geigo boat insurance to get an agreed to or stated value coverage for '76 Seafari with s 2012 ETEC 150 and Hitchhiker tandem axle trailer. I had to supply a number of recent photos. The new policy included towing. Think it's the same BoatUS coastal waters towing policy I was buying from WM. My current usage is strictly SC lakes. My previous coverage was inadequate particularly with a newer engine. It was all handled over the phone and email.

[gofastsandman]

Charter Lakes agreed value.

[Fr. Frank]

BoatUS/Geico agreed value. You pay for the coverage you want, with some limitations. Supply serial numbers, take photos, give copies of receipts for major items you want insured like electronics, etcetera.

1971 Seafari 20' sterndrive, agreed value $6500, premium $320 paid annually.

1988 18' Superfisherman, 2010 Etec 90, agreed value $7750, premium $297 paid annually.

[natecert]

Current sled is with charter lakes and very happy. Give them a call, excellent customer service. Never had a claim so can't so cant comment.

[Old'sCool]

Charter Lakes here also

[Bigshrimpin]

Charter Lakes was a PIA and wanted receipts for everything totaling the agreed insured value. I was only looking to get $20,000 insured value for my 23 and that included a brand new Mercury 150 and 2011 Aluminum I beam Venture trailer. I didn't save material receipts, side scan fishfinder receipts, hydraulic steering, etc. The pilot console came from Bill Potter/Piratecom (no receipt there). My experience was SO AWFUL I'll could only imagine how painful it would be to make a claim. I ended up going with BoatUS b/c charter lakes process was ridiculous.

[Capt Terry]

Similar to Bigshrimpin, I provided a value I wanted covered by Geico. Made the agreed value $12000 for hull and equipment and $500 for trailer. On the questionnaire I listed the requested original purchase prices (no receipts), listed my continuous boat ownership back to age 14, and the boat is in a locked storage facility. The 2012 ETEC was probably 2/3 of the $12000 when I insured it. Have always had insurance, never needed it, hope that continues!

[bobbert]

boat US/Geico great service no issues.

[JUST JOHN]

I don't trust BoatUS. I joined the unlimited water-tow / trailer program at WM this time last year, based off a friends recommendation. I called them a few weeks later to inquire about my membership card, documentation, etc that had not yet arrived... They had no record of me joining, but WM certainly took my $! A few calls/call-backs and they eventually found the cc transaction #, based off my receipt, and was able to enroll me. Since I had already started boating I asked whether I would have been covered during this time?!? She said yes, but I doubt it. My membership was not restarted at the new date, but rather when I first "joined". Anyway, I never ever got a card. I expect to have something to put in my wallet! I never got a renewal reminder this year. Any other company invests in a mailing to their customers for renewal. I never ever got anything official, just a membership # over the phone... which is probably written on a piece of paper somewhere in a folder never to be found. I never had to thankfully use the service. I don't trust them. I think I will go with SeaTow this year. I see far more SeaTow boats on the water than BoatUS.

I understand the conversation is regarding coverage...I just have a $75 liability policy through State Farm for my Seafari. I plan on calling BoatUS today to ask "what's the story here?!?"

Is the insurance portion of BoatUS handled by Geico? Fr. Frank's comment makes it seem so, just curious...