View Full Version : boat insurance

03-12-2008, 10:56 PM
what is the best boat insurance right now for mastercrafts?

03-12-2008, 10:57 PM
American Family Insurance has been very easy to work with coming from a service department!

03-13-2008, 08:54 AM
I've used State Farm for my boating needs since my first boat. I've been lucky to never have to make a claim. No complaints, they treat me well for all my other insurance needs. Want to say I pay less than $400/yr for my boat.

03-13-2008, 09:06 AM
A lot of insurance companies are now coming around to understand that the big HP in these boats does not necessarily mean big MPH, which means that more and more general companies are offerring better rates. With that said, you may still want to check-out Global Marine Insurance (I think you can find them at www.insuremyskiboat.com). The nice thing about a specialty company is that they offer some coverages standard that other, general ones, may not,..things that are specific to the the way you use your boat.
I certainlu can not say anything about their claims service, as I am fortunate not to have had to use it (knock on wood).
If nothing else, it's worth checking into.

03-13-2008, 09:10 AM
I went with Boat US after checking about 5 other companies. May not be the best for you but the price was the best for me.

03-13-2008, 09:48 AM
I had and agreed upon value insurance policy with Progressive. Tree fell on my boat and jet skis. Once we got the tree off and the adjuster looked at the boat (and jet skis), they paid quickly per the policy terms - no issues at all. The price was very reasonable - I would recommend them.

03-13-2008, 11:05 AM
Anyone have any issues with skisafe?

Ole Miss Rebels
03-13-2008, 11:36 AM
Anyone have any issues with skisafe?
i have been with skisafe for four years. never had a claim so no info on the satisfaction of their service but i have price shopped them pretty hard each year at renewal and they have beat everyone i contacted on price. their only downside i could find was that they have a higher deductible for named storms. i live in mississippi so it could come into play. the named storm deductible is three times that of other claims. i have a twelve month navigation period. i also have an agreed value policy not acv. be very careful in being sure you know whether or not you have agreed value. an acv (actual cash value = factors in depreciation) policy usually comes back to bite you in the behind and usually it is not insgnificant when it comes to a large claim. if i am not mistaken a new policy with skisafe has free replacement for the first 30 months, after that period the policy becomes agreed value.

Prostar Rich
03-13-2008, 11:40 AM
Since you are located in the midwest try Country Companies. I have both my boats insured through them and their rates are excellent. If you need a contact phone # let me know and I will forward you my agents phone #.

Prostar Rich

east tx skier
03-13-2008, 11:43 AM
Voyager Marine has been easy to work with, which is to say that their price is good and they accept my checks. No claims yet fortunately for me.

03-13-2008, 12:02 PM
Another vote for ski-safe.They beat everyones price.Offered all the right coverage and specialize in ski boats.Never placed a claim.Downside is higher deductable.Guess if the boat is hurt over 1000 dollars then the insurance is what we are paying for anyway.
My 2 cents.
Gee a prop is 400.wont take much to reach 1K

03-13-2008, 12:37 PM
I'm with state farm as well...200 bux a year.

03-13-2008, 12:50 PM
I am with Progressive right now, agreed value policy.

I have had a couple of policies in the past for other boats with the GLOBAL/INAMAR group of companies.

After filing my first claim ever I just couldn't stay with them...

Take a look at my photos to see a little history on my first claim. Keep in mind how much of the work I did myself, just to break even...

03-13-2008, 01:10 PM
Take a look at my photos to see a little history on my first claim. Keep in mind how much of the work I did myself, just to break even...

Wow...that's some serious damage!

What type of rudder is that on your boat? It looks different from most anything I've seen :confused:

03-13-2008, 01:17 PM
I use Travellers. When my first boat sank I called them while it was underwater. The guy walked me through everything I needed to do to preserve the engine and ensure that it would be in the best shape possible in case they fixed it. I was kept informed of everything that was happening with the adjuster and the mechanic. When they ultimately totalled it the check was there within a week and I thought it was more than fair. Probably a lot more than I could have sold the boat for.

I have my home, cars, boats, tractor...everything...with Travellers now.

03-15-2008, 03:17 PM
Another vote for Boat US. Not the cheapest ($400) but great all around coverage including freeze damage while in storage. Important here in Chicago.

03-15-2008, 04:43 PM
Ski Safe, good rates and I've never had any problems.

03-15-2008, 04:55 PM
Teak-Safe for me, too. I mean Ski-Safe.:o

03 35th Anniversary
03-15-2008, 04:59 PM
I use Voyager Marine, I haven't had to make a claim so I can't tell you much about them....

03-15-2008, 05:04 PM
Wow...that's some serious damage!

What type of rudder is that on your boat? It looks different from most anything I've seen :confused:It's a Hydrofoil style for sure. I've seen them on bass boats(bolt on) to keep the "porpoising" from happening. But I to have'nt seen one on an inboards rudder.

03-15-2008, 06:05 PM

If your looking for competetive prices and want to support Waterskiing !

03-15-2008, 07:13 PM
Teak-Safe for me, too. I mean Ski-Safe.:o

That's funny, just about missed it!

03-15-2008, 10:12 PM
I've had Ski Safe for over 9 years now and they have been great. I had a claim a few years ago and they took care of everything in a couple of days.

03-15-2008, 10:51 PM
I used to use Ski safe but I just switched all my insurance to Erie and it rocks. Saved about 25% on the MC and overall about 33%.

03-16-2008, 08:47 AM
I use Ski Safe .. terrific people. I bought a X14 last summer and they couldn't find any information on it, yet they wrote up an insurance policy on it as I was driving to lake to go get it.

03-31-2008, 02:50 PM
Just bought a 06 Xstar and told my agent to insure it when I picked it up , got the rates today and it seems a little high to a price quote I got from Ski Safe & BoatUS, my insurance quoted $799 yr with 2500 deduct and skisafe quoted $474 yr with 2500 deduct. Does anyone out there recall what you are paying for 06 X-star

03-31-2008, 05:10 PM
I have a 2008 X15 was with Progressive (no problem or claims) at my age was able to go with AARP and paying $260.00 in Pittsburgh..

03-31-2008, 06:07 PM
I just signed up with skisafe. $330/yr, $500 deduct, 100,000 liability, $10,000 for the boat, and $4,500 for the trailer. Some of the others I checked out were twice that.

03-31-2008, 10:05 PM
If we use our boats for any ski club events, we're required to have a minimum $500k liability at the time of the event/clinic/tournament etc. USA WaterSki needs copies sent from the agent... and State Farm has always taken care of it for me and rates are always less than other bids that support 365 days a year skiing. :cool:

04-01-2008, 11:57 AM
I just went throught the process of getting quotes from 3 providers on my "mini marina".

2008 X2 / 1991 PS190 / 2 Kawi Jet 800 Stand up jet skis

Using $1000 deductible and adequate coverages,
Progressive walked away with the business handily -
$385 / $245 / $308 respectively

State Farm was:
$585 / $285 / $402

Ski Safe:
$425 / $317 / $500+

04-01-2008, 12:39 PM
I have used ski-safe for over 15 years. have been best price. never had to file a claim. it used to be that you had to be a member of what was AWSA to get coverage, now apparently you do not.