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#11
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Boat insurance without a survey?
"steve" wrote in message news Is it possible to get boat insurance without getting the boat surveyed? Of the six boats that I have purchased (not counting dinghies and such) I have only been asked to get a survey once. My first boat was a 25' Stephens, a 30 year old wooden boat. I only had liability insurance on that boat, so the insurance company probably didn't care what the value of the boat was. The next boat was a 18 foot tournament ski boat, 10 years old. I got full coverage on that. The insurance company (Boat/US) only wanted a picture of the boat. Next came a 36' Carver Mariner, 10 years old. Full coverage, no survey was required (BOAT/US). Next came two brand new ski boats. Full coverage, no survey. Then I bought a two year old houseboat, builder was "Destination Yachts". I suspect that due to the small number of boats that the manufacturer makes there was no comparable worth data for the insurance company to go by so they requested a survey. Fortunately they were satisfied with an in the water survey so I didn't have to have the boat hauled. Rod |
#12
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Boat insurance without a survey?
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#13
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Boat insurance without a survey?
Ree-Yees wrote:
I got mine boat loan and insurance through state farm and they have never seen the boat. "steve" wrote in message news Is it possible to get boat insurance without getting the boat surveyed? Just a fyi but you may want to ask them (State Farm) what they will pay on your boat if you have a total loss. I had my boat insured with State Farm for several years. When I was renewing my coverage, lets say the amount was for a total of 20k (a number they wanted me to come up with) I ask if the boat was a total loss would they pay the 20k? They could not answer that question specifically and I was told that if at the time of the loss determine the boat was worth 20k or more they would pay out the 20k. But if they determined it was worth a lesser amount, say 16k that is all they would pay that. Ok fine, so I ask if the boat was a total loss today what would they pay, and they could not answer that question. Now the boat is insured with Boat US. I have to state I have never had a claim with either company. And this could very well reflect on the State Farm Agent more then the company. But I do sleep a little better Having the "Agreeded Hull Value" clause in my policy boat insurance. My house and my car are still with State Farm, I just didn't feel comfortable with there coverage for the boat. Capt Jack R. |
#14
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Boat insurance without a survey?
Oh no. They asked me what I was paying for the boat ($4500) and they asked
me how much I wanted to insure it for, so I said $4500. Nada lists it for $5500. I guess they would probably try to screw me if I sunk the boat. --C Just a fyi but you may want to ask them (State Farm) what they will pay on your boat if you have a total loss. I had my boat insured with State Farm for several years. When I was renewing my coverage, lets say the amount was for a total of 20k (a number they wanted me to come up with) I ask if the boat was a total loss would they pay the 20k? They could not answer that question specifically and I was told that if at the time of the loss determine the boat was worth 20k or more they would pay out the 20k. But if they determined it was worth a lesser amount, say 16k that is all they would pay that. Ok fine, so I ask if the boat was a total loss today what would they pay, and they could not answer that question. Now the boat is insured with Boat US. I have to state I have never had a claim with either company. And this could very well reflect on the State Farm Agent more then the company. But I do sleep a little better Having the "Agreeded Hull Value" clause in my policy boat insurance. My house and my car are still with State Farm, I just didn't feel comfortable with there coverage for the boat. Capt Jack R. |
#15
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Boat insurance without a survey?
yes
"steve" wrote in message news Is it possible to get boat insurance without getting the boat surveyed? |
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