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Where to get houseboat insurance?
Hi boatin' folks,
I have recently bought a 1968 Lazy Days, 43', aluminum hull. I'm worried that I won't be able to keep it due to problems getting insurance. I have 2 speeding tickets and 1 running a red light against me in the past year, and this is my first houseboat so I have no experience. Also no boating safety courses to help out. All I really want is liability...at least to start with. One company said they will give me full coverage for about $460/year, but I'm afraid they will eventually turn me down because of the traffic violations, and also the age of the boat. I tried Boat US, and they turned me down because of my driving record and lack of experience with houseboats. They did get me a quote from another company--$1100/yr for just liability, and that required an out of water survey done on the boat which would be another $1K or more most likely. Can anyone suggest a company that might help me out and be affordable? Would a boating safety course or more help me out, and if so which ones and how to take them? This is all new to me, and I'm in a world of confusion. Thanks for any help!!! David |
Where to get houseboat insurance?
If all you want is liability insurance--which no boat owner should be
without IMO--consider just buying a personal liability umbrella policy from your homeowners insurance carrier. $2 mil is typically under $300/year. The most iiability coverage included in most boat insurance policies only 300-500k...which is peanuts if you should get sued these days. Which is why I always carried another $2 mil umbrella...'cuz when you get sued for anything arising out of your possible liability, it doesn't matter which "pocket" the money to cover your behind is in, as long as you have a full pocket somewhere. And with your driving record, I think you'd better have one. -- Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://shop.sailboatowners.com/detai...=400&group=327 http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
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Where to get houseboat insurance?
I have recently bought a 1968 Lazy Days, 43', aluminum hull.
Fwiw...Lazy Days are steel hull boats, not aluminum. Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
"Peggie Hall" wrote in message
... If all you want is liability insurance--which no boat owner should be without IMO--consider just buying a personal liability umbrella policy from your homeowners insurance carrier. $2 mil is typically under $300/year. The most iiability coverage included in most boat insurance policies only 300-500k The umbrella policies I looked at required you to maintain some level of liability insurance on the insured item, if available. ( a boat needs it, a lawn mower doesn't).The policy I purchased , with a $1M limit, requires a $100,000 limit liability policy on my boat. The umbrella picks up at $100,001 in liability coverage, I suspect that the level of boat liability insurance is what drives the umbrella premium cost. My policy costs more than $300/year, maybe I should look around. A major advantage in having an umbrella policy is that it gives the insurance company a greater incentive to defend you in court. |
Where to get houseboat insurance?
I realize this isn't a fair comparison, however I have a yacht policy on my
boat with $95,000 valuation ($1,900 deductible) and that alone costs me $490/yr. The liability with $300,000 and $5,000 med. costs only $44/yr. It should be noted that I have been with this insurance co 30 yrs without a boat claim. Plus I have documented with them ~50 years of ship and boat experience. And, if they were to check, I haven't had a ticket or auto accident for almost 20 yrs.. Bottom line: There are good risks and then there are bad risks.. We all pay accordingly.. Steve s/v Good Intentions |
Where to get houseboat insurance?
John Wentworth wrote:
The umbrella policies I looked at required you to maintain some level of liability insurance on the insured item, if available. ( a boat needs it, a lawn mower doesn't). I don't think we're talking about the same thing, John. most insurance companies won't write only a personal liability policy though--they want your homeowners too. My homeowners, vehicle and umbrella are all with USAA...my boats never have been. I don't recall their ever asking for proof that my boat was insured when I bought the umbrella...otoh, it's been a while. I do remember that they pulled a credit report and DMV, though. -- Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
Steve wrote:
Bottom line: There are good risks and then there are bad risks.. We all pay accordingly.. No...because there are bad risks, we all pay more. -- Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
Yes, I think we are talking about the same thing. Most umbrella policies are
a secondary coverage, that's why it's cheap. The policy doesn't get hit until the primary coverage is exhausted. That said, there are probably a thousand variations on insurance policies, and a thousand different riders on those thousand policies. With the right company, and the right premium, you can get any policy you want. Who knows, there may be a company that will assume all liability up to $2M, from dollar one, for all threats, for $300/year. I just haven't found them yet. With such a policy you could eliminate the liability portion of all other policies. "Peggie Hall" wrote in message ... John Wentworth wrote: The umbrella policies I looked at required you to maintain some level of liability insurance on the insured item, if available. ( a boat needs it, a lawn mower doesn't). I don't think we're talking about the same thing, John. most insurance companies won't write only a personal liability policy though--they want your homeowners too. My homeowners, vehicle and umbrella are all with USAA...my boats never have been. I don't recall their ever asking for proof that my boat was insured when I bought the umbrella...otoh, it's been a while. I do remember that they pulled a credit report and DMV, though. -- Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
On Tue, 17 Feb 2004 16:07:18 GMT, Joe Parsons wrote:
On Tue, 17 Feb 2004 01:24:40 GMT, wrote: Hi boatin' folks, I have recently bought a 1968 Lazy Days, 43', aluminum hull. I'm worried that I won't be able to keep it due to problems getting insurance. I have 2 speeding tickets and 1 running a red light against me in the past year, I had no problem getting a full policy through Progressive. I had to pay a tad more (maybe 10%) because we just stipulated the value of the boat. I'm paying about $450/yr for full coverage, adn my driving record is not all that great. HTH, Joe Parsons Thanks, I'll give them a try. |
Where to get houseboat insurance?
Peggie Hall wrote in message ...
If all you want is liability insurance--which no boat owner should be without IMO--consider just buying a personal liability umbrella policy from your homeowners insurance carrier. $2 mil is typically under $300/year. Would a bad driving record effect the premium of a umbrella liability policy? And (going back to something the OP mentioned), why would an insurance company require an out of water survey to write a liability only policy? The most iiability coverage included in most boat insurance policies only 300-500k...which is peanuts if you should get sued these days. Which is why I always carried another $2 mil umbrella...'cuz when you get sued for anything arising out of your possible liability, it doesn't matter which "pocket" the money to cover your behind is in, as long as you have a full pocket somewhere. And with your driving record, I think you'd better have one. In a thread I started a few days ago, I passed on that the Coast Guard is considering a regulation change that will *allow* states to require proof of liability insurance in order to register your boat. I am opposed to the change and submitted comments to the CG on it - but I wholeheartedly agree that liability insurance is important. My policies provide me with liability on all three of my boats - including the 7ft Livingston. Not to mention that my marina REQUIRES that I have liability coverage with them listed as named insured. |
Where to get houseboat insurance?
On Tue, 17 Feb 2004 16:57:29 GMT, Peggie Hall wrote:
I have recently bought a 1968 Lazy Days, 43', aluminum hull. Fwiw...Lazy Days are steel hull boats, not aluminum. Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html Thank you for telling me about the umbrella Peggie...I've checked into it with one company, and will do so with some others. The Lazy Days I just bought is definately an aluminum hull--which is the reason I bought it--and I believe that they all are. All of the ones I've seen are anyway...maybe you just got it backwards. What does fwiw mean? |
Where to get houseboat insurance?
wrote in message What does fwiw mean? "FWIW" = For What It's Worth! Steve s/v Good Intentions |
Where to get houseboat insurance?
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Where to get houseboat insurance?
Try http://www.nboat.com/
NBOA is a large org. -j wrote in message ... Hi boatin' folks, I have recently bought a 1968 Lazy Days, 43', aluminum hull. I'm worried that I won't be able to keep it due to problems getting insurance. I have 2 speeding tickets and 1 running a red light against me in the past year, and this is my first houseboat so I have no experience. Also no boating safety courses to help out. All I really want is liability...at least to start with. One company said they will give me full coverage for about $460/year, but I'm afraid they will eventually turn me down because of the traffic violations, and also the age of the boat. I tried Boat US, and they turned me down because of my driving record and lack of experience with houseboats. They did get me a quote from another company--$1100/yr for just liability, and that required an out of water survey done on the boat which would be another $1K or more most likely. Can anyone suggest a company that might help me out and be affordable? Would a boating safety course or more help me out, and if so which ones and how to take them? This is all new to me, and I'm in a world of confusion. Thanks for any help!!! David |
Where to get houseboat insurance?
The Lazy Days I just bought is definately an aluminum hull--which
is the reason I bought it--and I believe that they all are. All of the ones I've seen are anyway...maybe you just got it backwards. Lazy Days were built in Buford GA, next to Lake Lanier where I kept my boats for 20 years. Lanier was littered with 'em! And I knew the owner, Jack Beacham. I won't argue that the first boats they built in the '60s may have been aluminum, but by the time I moved to that area in the mid-late '70s, they built only steel hulls. He had great people for him...his plant manager--who did a lot of work on the side for me--was the best plumber and finish cabinet worker on the lake...another one of his employees is the best carpet layer I've ever known...he made more moonlighting recarpeting houseboats and cruisers (including 2 of mine) than he made during the day at Lazy Days. Jack had a highly creative method of establishing a high resale value for used Lazy's in the '60s and '70s...he watched the ads etc like a hawk, and when one came on the market for less than he thought it should be worth, he immediately bought it and put it back on the market at his idea of the right price. :) It only took a few years to set the "book" values for 'em and he was able to stop doing that. Like a lot of boat builders, Lazy Days died an ignominious death in mid '90s. Jack finally decided to retire and sold the company--but not the property--to someone who drove it into the ground...he disappeared one Friday after cleaning out the bank account...employees found out when their paychecks bounced. Jack came out of retirement to take over again, but by then he had a lot of competition from aluminum houseboats that cost a lot less to build, so they had a lot more "glitz and glamour" stuff on 'em for the same price or less than a new Lazy Days. He finally closed the plant in the late '90s. Jack isn't suffering, though...the boatworks property just keeps gettin' more valuable...he was the original owner of Holiday Marina...he and his son Doug own Lazy Days Marina...they're doin' ok. :) So I do know just a LITTLE bit about Lazy Days. :) Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://www.seaworthy.com/html/get_ri...oat_odors.html |
Where to get houseboat insurance?
On Monday, February 16, 2004 at 8:24:40 PM UTC-5, wrote:
Hi boatin' folks, I have recently bought a 1968 Lazy Days, 43', aluminum hull. I'm worried that I won't be able to keep it due to problems getting insurance. I have 2 speeding tickets and 1 running a red light against me in the past year, and this is my first houseboat so I have no experience. Also no boating safety courses to help out. All I really want is liability...at least to start with. One company said they will give me full coverage for about $460/year, but I'm afraid they will eventually turn me down because of the traffic violations, and also the age of the boat. I tried Boat US, and they turned me down because of my driving record and lack of experience with houseboats. They did get me a quote from another company--$1100/yr for just liability, and that required an out of water survey done on the boat which would be another $1K or more most likely. Can anyone suggest a company that might help me out and be affordable? Would a boating safety course or more help me out, and if so which ones and how to take them? This is all new to me, and I'm in a world of confusion. Thanks for any help!!! David I need liability ins for a 1970 stardust cruiser 50 ft house boat. Steel bottom. Where can I purchase this? Thank you, Ron |
Where to get houseboat insurance?
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Where to get houseboat insurance?
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Where to get houseboat insurance?
On Monday, February 16, 2004 at 8:24:40 PM UTC-5, wrote:
Hi boatin' folks, I have recently bought a 1968 Lazy Days, 43', aluminum hull. I'm worried that I won't be able to keep it due to problems getting insurance. I have 2 speeding tickets and 1 running a red light against me in the past year, and this is my first houseboat so I have no experience. Also no boating safety courses to help out. All I really want is liability...at least to start with. One company said they will give me full coverage for about $460/year, but I'm afraid they will eventually turn me down because of the traffic violations, and also the age of the boat. I tried Boat US, and they turned me down because of my driving record and lack of experience with houseboats. They did get me a quote from another company--$1100/yr for just liability, and that required an out of water survey done on the boat which would be another $1K or more most likely. Can anyone suggest a company that might help me out and be affordable? Would a boating safety course or more help me out, and if so which ones and how to take them? This is all new to me, and I'm in a world of confusion. Thanks for any help!!! David Lazy days for the most part are not steel…Mine is aluminum 73' |
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