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Dec 30th, 2023
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 When to self insure boat?
#15064449
05/04/24 09:21 PM
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Joined: Apr 2011
Posts: 3
wallfishin
OP
Green Horn
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OP
Green Horn
Joined: Apr 2011
Posts: 3 |
2008 Procraft super pro I bought new, original 200hp optimax. Always stored indoors. I just updated with Lowrance ghost, Active target, 12 inch lowrance and 2- 9 inch lowrance. I fish out of it regularly and still love the boat. Paying $1200 @ year to state farm, never had a claim. Wondering if I should drop insurance. Hard to get a clear value on a 15 year old boat with new electronics? I feel like I have paid thousands upon thousands on insurance for boats, cars, home, etc etc and rarely had a claim. JW if I should eliminate this bill and self insure? I hear a frequent claim is lower unit. But I could have bought multiple lower units for all I have paid on insurance for this boat...
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Re: When to self insure boat?
[Re: wallfishin]
#15064668
05/05/24 02:45 AM
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Joined: Jul 2013
Posts: 3,052
RCarter
TFF Team Angler
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TFF Team Angler
Joined: Jul 2013
Posts: 3,052 |
Shop around and get some quotes.....$1200 seems high without knowing details of the policy.
WORK HARD.....FISH HARDER!
GOD is Great...BEER is Good...and PEOPLE are CrAZy
billy currington
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Re: When to self insure boat?
[Re: wallfishin]
#15065211
05/05/24 08:17 PM
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Joined: Mar 2003
Posts: 3,672
PowerLizard
TFF Team Angler
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TFF Team Angler
Joined: Mar 2003
Posts: 3,672 |
Maybe drop coverage down to liability only. You want some level of protection when little Johnny wrecks Daddy’s jet ski into your boat.
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Re: When to self insure boat?
[Re: wallfishin]
#15067959
05/08/24 10:11 PM
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Joined: Feb 2020
Posts: 203
T21x
Outdoorsman
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Outdoorsman
Joined: Feb 2020
Posts: 203 |
Progressive 2004 Triton with newer electronics. Full coverage $480.00 a year
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Re: When to self insure boat?
[Re: wallfishin]
#15071349
05/12/24 10:40 PM
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Joined: May 2007
Posts: 40,635
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,635 |
Progressive 2021 basscat p2 I believe it has agreed upon value of 50k but I will have to double check. 500k liability because my umbrella requires that much. Last year was 580. Haven't got new quote yet.
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Re: When to self insure boat?
[Re: wallfishin]
#15071355
05/12/24 10:50 PM
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Joined: Apr 2017
Posts: 12,365
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,365 |
Foremost (Farmers) 2017 Phoenix 920 Pro agreed upon value of $52k. Also have $20k for accessories and tackle. Just got my renewal and didn't get an increase which is surprising since auto and home rates went up so much. $691 with $500 deductible.
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Re: When to self insure boat?
[Re: wallfishin]
#15075094
05/16/24 07:59 PM
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Joined: Mar 2012
Posts: 1,742
4Weight
Extreme Angler
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Extreme Angler
Joined: Mar 2012
Posts: 1,742 |
I have an 03 Triton with all the bells and whistles and new motor insured for 30K and mine is 263.00 a year.. 1200 a year? You are getting ripped off. Check Foremost.
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