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 Post subject: Insurance
PostPosted: Wed Jul 04, 2012 2:12 pm 
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Joined: Sat Apr 16, 2011 11:53 am
Posts: 94
Location: Florida Panhandle
I got a quote from progressive for insurance on my 2001 H16, anywhere from $62.00+ to $104.00. It seems kind of excessive for a non powered 16' boat.

Does anybody have a good insurance company I can call to get a decent quote from?

Thanks all!

TMason

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1999 Hobie 20, Sail #1005
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 Post subject: Re: Insurance
PostPosted: Wed Jul 04, 2012 8:52 pm 
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Joined: Fri Apr 13, 2012 9:06 am
Posts: 278
Location: Charlotte, NC
Hi tmason - interested in the costs for insurance too. I guess to know for sure I think we'd want to know what exactly you are insuring against per year. Is it the replacement cost of the boat ( what is the cost you're insuring against)?

I was thinking of checking on insuring for $1K or so for my boat (1985) and trailer etc. mainly as a result of a trailering accident or some act of god. For some reason I have a doomsday trailer incident in the back of mind since we have to trailer anywhere.

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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 6:47 am 
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Joined: Fri Dec 28, 2007 11:23 am
Posts: 551
Location: Lake Norman NC
my state farm is $60 per year libility/medical only The boat is covered undet the car policy when attached to the tow vehicle.


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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 7:08 am 
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Joined: Sat Nov 06, 2010 8:10 am
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Location: Indianapolis, IN
gary eudy wrote:
my state farm is $60 per year libility/medical only The boat is covered undet the car policy when attached to the tow vehicle.

I'm curious, if we have a hurricane coming and I hitch the trailer to my vehicle (state farm) is the boat covered?

:D

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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 9:15 am 
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Joined: Sat Feb 24, 2007 8:45 pm
Posts: 1664
Location: Northfield Minnesota
I insure my boat through Progressive. The boat is insured for $25k, the trailer for another $5k I think. My policy is about $360 a year. Seems reasonable enough to me compared to my other insurance costs.


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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 12:41 pm 
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Joined: Mon Sep 20, 2004 12:36 pm
Posts: 758
Location: Tri-Cities, WA
Safeco - 2 boats (2000 H17Sport and 2009 Weta) fully insured (boat/trailer replacement, 10K/person/incident medical, and $100,000K liability) @ $400.00/year. They were very expediant paying out for damage due to a beach flip from a wind gust to my cat a few years back (new mast, front cross beam, standing rigging, a rudder and some marine epoxy).


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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 1:59 pm 
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Joined: Thu Dec 20, 2007 1:33 pm
Posts: 183
Location: Southern California
AAA charges me $70 for 8k replacement value and liability on my H16. They charge me an additional $40 to insure the trailer for $3K replacement value.

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1979 Hobie (sold)
1983 Hobie 16 Hawiian Sunset (sold)
1981 Hobie 16 Tequilla Sunrise - still own
2008 Hobie 16 (currently sailing the crap out of this boat)
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 Post subject: Re: Insurance
PostPosted: Thu Jul 05, 2012 6:57 pm 
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Joined: Wed Aug 10, 2011 6:28 pm
Posts: 324
Location: Raleigh, North Carolina
I'm with boatUS. It seems pretty reasonable. Price obviously depends on what and how much insurance you want. My rate is a little more than the progressive quotes in the original post and includes a BoatUS membership.

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94' H16 - 114050
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 Post subject: Re: Insurance
PostPosted: Fri Jul 06, 2012 6:39 am 
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Joined: Sat Apr 16, 2011 11:53 am
Posts: 94
Location: Florida Panhandle
I guess I should clarify that was the monthly payment amount from them. Not the amount for a year.

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2001 Hobie 16, "Spirit of 76 sails" #18515
1999 Hobie 20, Sail #1005
1981 Hobie 18, Dead!
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 Post subject: Re: Insurance
PostPosted: Sun Jul 08, 2012 8:07 pm 
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Joined: Wed Aug 10, 2011 6:28 pm
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Location: Raleigh, North Carolina
tmason wrote:
I guess I should clarify that was the monthly payment amount from them. Not the amount for a year.


:o ouch

Run away!

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Garrett
94' H16 - 114050
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 Post subject: Re: Insurance
PostPosted: Mon Jul 09, 2012 4:16 pm 
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Joined: Tue Apr 19, 2011 2:46 pm
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Location: Greenville SC
tmason wrote:
I guess I should clarify that was the monthly payment amount from them. Not the amount for a year.


That seems like way too much, but you did not tell us what your getting for that price.

$100k in liability from progressive on my 20 was $89 per year for me. I soon switched to State Farm with $15k in coverage on boat and trailer, I now pay around $300 per year. Where and how you store the boat seems to make a difference. I can see them charging you that if you kept it on the beach during hurricane season......

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 Post subject: Re: Insurance
PostPosted: Tue Jul 10, 2012 4:32 am 
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Joined: Wed Aug 18, 2010 8:15 am
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Location: Saint John, NB Canada sailing on Washademoak Lake
I'm in Canada, so laws could be different. I keep my boat at the campground, but since my travel trailer is parked there permanently on concrete blocked, it's insured as a second residence, as such everything I own that is at the campground is covered under my home owner's policy including the boat.

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1978 Hobie 16 Keoke, sail# 36 84
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 Post subject: Re: Insurance
PostPosted: Thu Jul 12, 2012 6:22 am 
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Joined: Fri Oct 29, 2010 2:52 pm
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Location: Fort Lauderdale, Florida
I'm with BoatUS and pay $335 per year. My policy is for "New Boat Replacement" should anything happen to it. Seemed like a good idea at the time... The policy also has $300k in liability and property damage.

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 Post subject: Re: Insurance
PostPosted: Thu Jul 12, 2012 7:07 am 
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Joined: Sat May 28, 2011 10:13 am
Posts: 49
I don't feel so badly now. I just renewed my insurance with Geico yesterday. The policy covers new boat replacement, property damage and liability. My boat is a 2011 Hobie 16. The policy was $143 per year. Property Damage Limits are 100k per/300k total.

As I understand it, my car insurance covers the boat only for liability when being towed. The Auto policy will not cover any damage to the boat due to an incident. Only a boat policy will cover damage to the boat when the boat is being towed (unless of course the damage is the fault of a third party, in which case the third party's auto policy is responsible for all property damage).

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