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#1
posted to rec.boats.cruising
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Boat insurance in the Gulf States
If you have anything over 30', is virtually impossible to obtain IME.
Molesworth |
#2
posted to rec.boats.cruising
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Boat insurance in the Gulf States
On Jun 5, 11:42 am, Molesworth wrote:
If you have anything over 30', is virtually impossible to obtain IME. Molesworth Funny, I just renewed the policy for my Krogen 42 in the Galveston Bay area, with named storm insurance. Pricy, but easy to get. Shop around. |
#3
posted to rec.boats.cruising
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Boat insurance in the Gulf States
In article .com,
Keith wrote: On Jun 5, 11:42 am, Molesworth wrote: If you have anything over 30', is virtually impossible to obtain IME. Molesworth Funny, I just renewed the policy for my Krogen 42 in the Galveston Bay area, with named storm insurance. Pricy, but easy to get. Shop around. How old is your boat? Mine is 'over 10 years'... Molesworth |
#4
posted to rec.boats.cruising
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Boat insurance in the Gulf States
1991 Ocean 48
$9500/year Up from $1500 in 2000, 3500 in 2002, 6500 in 2005 Cheaper to charter!!!! Molesworth wrote: In article .com, Keith wrote: On Jun 5, 11:42 am, Molesworth wrote: If you have anything over 30', is virtually impossible to obtain IME. Molesworth Funny, I just renewed the policy for my Krogen 42 in the Galveston Bay area, with named storm insurance. Pricy, but easy to get. Shop around. How old is your boat? Mine is 'over 10 years'... Molesworth |
#5
posted to rec.boats.cruising
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Boat insurance in the Gulf States
Ed wrote:
1991 Ocean 48 $9500/year Up from $1500 in 2000, 3500 in 2002, 6500 in 2005 Cheaper to charter!!!! Based on my insurance rate, and the agreed value of my boat, I'd say that the insurance company expects to lose 1 boat for each 28 they insure each year. Based on that and your $9500/year I'd make a WAG that you have that '91 Ocean 48 insured for about $260K. Is that close? Don W. |
#6
posted to rec.boats.cruising
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Boat insurance in the Gulf States
"Don W" wrote in message et... Ed wrote: 1991 Ocean 48 $9500/year Up from $1500 in 2000, 3500 in 2002, 6500 in 2005 Cheaper to charter!!!! Based on my insurance rate, and the agreed value of my boat, I'd say that the insurance company expects to lose 1 boat for each 28 they insure each year. Based on that and your $9500/year I'd make a WAG that you have that '91 Ocean 48 insured for about $260K. Is that close? Don W. Holy wah! So if you just save the money, and invest it safely without touching principle or interest, every 28 years you could just buy a brand new boat. Probably more often than that, but I don't feel like doing the math. |
#7
posted to rec.boats.cruising
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Boat insurance in the Gulf States
On Jun 5, 10:42 am, Molesworth wrote:
If you have anything over 30', is virtually impossible to obtain IME. Molesworth Last week I renewed my policy with Progressive Insurance for my 46' Beneteau. Agreed coverage is $230k. Policy was $1300, and that includes a $6000 claim I had with them two years ago. Boat is reg. in Houston, Tx.. Coverage includes down to Mexico, and out 75 miles away from shore I believe. Could not say enough positive things about that company. |
#8
posted to rec.boats.cruising
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Boat insurance in the Gulf States
In article om,
"Mark R." wrote: On Jun 5, 10:42 am, Molesworth wrote: If you have anything over 30', is virtually impossible to obtain IME. Molesworth Last week I renewed my policy with Progressive Insurance for my 46' Beneteau. Agreed coverage is $230k. Policy was $1300, and that includes a $6000 claim I had with them two years ago. Boat is reg. in Houston, Tx.. Coverage includes down to Mexico, and out 75 miles away from shore I believe. Could not say enough positive things about that company. Progressive website: 'We do not offer coverage on boats over 35'' :-( Molesworth |
#9
posted to rec.boats.cruising
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Boat insurance in the Gulf States
Mark R. wrote:
On Jun 5, 10:42 am, Molesworth wrote: If you have anything over 30', is virtually impossible to obtain IME. Molesworth Last week I renewed my policy with Progressive Insurance for my 46' Beneteau. Agreed coverage is $230k. Policy was $1300, and that includes a $6000 claim I had with them two years ago. Boat is reg. in Houston, Tx.. Coverage includes down to Mexico, and out 75 miles away from shore I believe. Could not say enough positive things about that company. Wow, that sounds like a deal! My boat is on Matagorda Bay not too far south of Houston and my insurance is almost as much as yours although my 86 Irwin 38 is worth less than 1/4 of what your boat is insured for. I think I'm going to give Progressive a call today. Don W. |
#10
posted to rec.boats.cruising
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Boat insurance in the Gulf States
On Jun 7, 10:54 am, Don W
wrote: Mark R. wrote: On Jun 5, 10:42 am, Molesworth wrote: If you have anything over 30', is virtually impossible to obtain IME. Molesworth Last week I renewed my policy with Progressive Insurance for my 46' Beneteau. Agreed coverage is $230k. Policy was $1300, and that includes a $6000 claim I had with them two years ago. Boat is reg. in Houston, Tx.. Coverage includes down to Mexico, and out 75 miles away from shore I believe. Could not say enough positive things about that company. Wow, that sounds like a deal! My boat is on Matagorda Bay not too far south of Houston and my insurance is almost as much as yours although my 86 Irwin 38 is worth less than 1/4 of what your boat is insured for. I think I'm going to give Progressive a call today. Don W.- Hide quoted text - - Show quoted text - You in Port O'Conner Don? Nice place..Worked crewboats out of there for many years, Port Lavaca, and Rockport, Aransas pass, Mansfield. You know when coming in from offshore you have the right port because the jetties look just like a wine bottle on radar ;0). Once I had a deckhead get all his fingers chopped off...sucked into a turbo. Had to run him into Port O'Conner for a waiting Medical helo. He started going into shock about the time I hit the jetties. Lucky we had a high tide because I ran the flats directly from the jetties to the Port O'Conner ICW breakwaters. I only had 4 ft of water under a 140 ft boat that drew 7.5 ft sitting still. At night. Joe |
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