View Full Version : Who are you guys using for your insurance coverage?

04-28-2012, 01:07 AM
Hey guys, I'm trying to get my insurance coverage for my new X45 squared away. I've gotten just a couple quotes thus far and haven't made a decision yet so I thought I'd solicit any insurance opinions/experiences you've had. The one issue I ran into with the company who provides coverage for my home, auto and bass boat is that they won't provide coverage for a boat with over 400 HP. Being that the 6.2 Ilmor is rated at 430 HP it's a deal breaker for them, which is a bit of a bummer. So, I'm stuck looking elsewhere. I'm not sold on the SkiSafe coverage based on reading some other reviews of them. Any opinions you can offer would be appreciated. I'm sure this topic has been beat to death in the past but I'd like to hear your current experiences, both positive and negative. Thanks a bunch. :):)

04-28-2012, 01:30 AM
I've had coverage with BOAT US for the last 25 years. Went to them when I bought my first inboard. They are insuring my 2006 X45. I'm not aware of any HP maximums, but my LQ9 is under the 400 HP.

04-28-2012, 02:11 AM
Being an insurance agent......ALLL insurance companies are BOUND by the coverage they provide. I would recommend high Liability limits.....500kish as if there is an accident and its your fault it will not be cheap.... I had boat US and switched to my insurance company obviously when I took the position. I have heard both great and terrible about progressive. Boaters are a targert market for them but they are HEAVY into tourny fisherman and they have alot of lower unit losses of 6k or more.

Your company not Insuring 400hp or more shows that they do not have a clue as far as type of boat so I would avoid them either way. I would say boat US or progressive.....Every year i was claim free with boat us my rate went down...

04-28-2012, 07:26 AM
Surprisingly Nationwide had the best coverage/premium for my x2 and jet ski. Call Stephanie Daughtery if you are in Al or Ga.

Panda Cub
04-28-2012, 08:04 AM
I have progressive. Surprisingly cheap, however I only have 310 hp.

04-28-2012, 08:09 AM
State Farm for everything I own, even the Mustang. Best people to deal with and when your family has a long line of loyalty to them you get a HUGE discount. My advice is get statefarm and stay with them for a long time and watch the discounts come, even if you have a bad day they wont jack your rates.


04-28-2012, 08:27 AM
Interesting thread, thanks for bringing this up. I have one agent for everything and my *perception* is that there is a benefit to putting house, car, boat, etc all together, but will keep reading to see what they rest of you are doing.

04-28-2012, 08:40 AM
i have electric insurance for everything except the boat ... use ski safe there

Dont forget to get an umbrella insurance policy ... max it out to $5M ... cheap insurance as you truly never know what will happen

Friend invited a neighbor to their dock, that neighbor brought another couple uninvited and their kid got hurt because they as parents were idiots ... but they sued the owner....never underestimate the power of someone's greed

04-28-2012, 08:54 AM
There was an insurance thread on here a few weeks ago that had a lot of good info on it. It got me thinking about it, and I just switched. I had Allstate on my previous boat, mainly because I had everything through them. After having them for 8 years, I decided to shop around and switched everything to Progressive for a couple hundred bucks cheaper. The boat portion of the policies were pretty even between the two. I had a pretty bad hail damage claim on both my house and truck, and Progressive was pretty good to work with, although they only gave me 6 months to get my roof repaired to collect my full claim amount. My neighbors company gave him a year.
My boat policy just came do, and after reading the other thread, I shopped around and improved my boat coverage with Boat US for $100 cheaper than Progressive. I kept everything else with Progressive.

04-28-2012, 09:59 AM
I was cancelled with my first boat because it went 45 mph! Then I found Indy Insrurance they loved ski boats. Well I purchased a new boat in 2010 and they wanted $900.00 a year. My son told me to check out Global Marine Ins. (the one at the dealerships). I now pay a third as much and have better covage. I vote Global.


04-28-2012, 04:30 PM
I have progressive and have had no problems. Rates less than $300 for a 2006 X1.

04-28-2012, 05:31 PM
Statefarm...$90 bucks a year for liability...no stated or agreed value coverage...

04-28-2012, 06:19 PM
I have State Farm for all my stuff. I know there are other companies that have lower rates (not by much tho), but there's some peace of mind I get knowing that if I have a problem, my agent has an office about a mile from my house. For something like insurance, I like the idea of knowing I can deal face-to-face if there are any issues. I really don't want to have to go through some voice in a call center.

04-28-2012, 06:29 PM
I have Progressive as well for the boat

04-28-2012, 08:08 PM
I have progressive and have had no problems. Rates less than $300 for a 2006 X1.

Yikes! My 03 209 was $615 last year with Progressive. Maybe I'll give them a call.

04-28-2012, 08:12 PM
I have been using Ski Safe since 1992 and I had my State Farm agent give me a quote last year and Ski Safe was cheaper for same coverage. I have had homeowners and cars with State farm for over 20 years but I use Ski Safe for boat and waverunners.

04-28-2012, 08:18 PM
Global Marine Insurance


Tell em Bay Area WaterSports sent you

Great product, great price and good customer service

Im tellin ya!!!

[email protected]

04-28-2012, 09:19 PM
Country wide.....just got my bill today. 214/yr 2004 ps 197

Sent from my PB99400 using Tapatalk

04-28-2012, 10:56 PM
I use boaters insurance Inc. my o3 x30 was 315 per year. Had a claim and they were great to work with. My 2011 x2 is around 500 per year. I found them via a recommendation from Texas Ski Ranch Mastercraft.

04-28-2012, 11:10 PM
American family, had them for years they cover everything I own. If I'm buying something all I need to do is call and they cover me til the next bussiness day when I get home. 129 a year for 7500.

04-29-2012, 12:36 AM
State Farm for everything we own - except the boat. We use Ski-Safe for that. I like companies that understand 350 HP, but only 42 MPH. Agreed upon loss value is nice too.

04-29-2012, 09:38 AM
Global Marine Insurance


Tell em Bay Area WaterSports sent you

Great product, great price and good customer service

Im tellin ya!!!

[email protected]

^ This is who I use for the boats, Allstate for everything else. My Allstate agent could not beat the price of global marine.

04-29-2012, 12:14 PM
Ski Safe for me too. Always have, always will. Nuff said!

04-29-2012, 12:20 PM
Liberty Mutual for everything......

04-29-2012, 12:22 PM
Shelter Insurance. oh wait i am my own agent!:D

04-29-2012, 02:47 PM
Yikes! My 03 209 was $615 last year with Progressive. Maybe I'll give them a call.

I'm around 300/yr as well with Progresssive for my 06 X2, stated value of $53k on it.

05-01-2012, 12:35 PM
Ok, think i'm getting close to getting my policy taken care of with progressive as their pricing seems very competitive. My question is I had them give me 2 separate quotes, the first being Replacement Cost Coverage the second being Agreed Value coverage. Both of the quotes are roughly the same with the Replacement Cost Coverage being slightly higher. As I mentioned earlier, I have Agreed Value coverage on my bass boat and am wondering if I should just stick with that on the MC or should I go with Replacement Cost Coverage in the event of a total loss? Any opinions are appreciated. Thanks.

05-01-2012, 12:40 PM
How do they determine the replacment cost of your boat? I would go agreed value and be done with it. If in the event of a total loss you know the amount your going to get.

05-01-2012, 12:51 PM
I am going through Horrace Mann which goes through progressive and they negotiated $220 a year for my 05 xstar

05-01-2012, 12:59 PM
Yeah I think I'm going to go with the Agreed Value policy because it will strictly be based on my purchase price and receipts to back everything up.

05-01-2012, 01:46 PM
On mine they agree to pay the purchace price of the boat for the length of the loan with no deprecation.

05-01-2012, 01:52 PM
Switching from progressive $600 to Global Marine Insurance $361 savings of $238 year. Thanks for the advice. 06 MC Maristar 200.

05-01-2012, 02:57 PM
With boaters insurance Inc they had a great coverage if you bought a new mastercraft with an Indmar engine. I get a 5 year engine warranty, and 5 year boat replacement. Basically if My boat is a total loss in first 5 years they replace it with the same model of the current year that we are in. After that the policy is an agreed value policy.

05-01-2012, 07:36 PM
Progressive for me... 2004 PS190, and my lift covered for $8500, dock for $4000. Cost me less then $300 per year.