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SILENTxNOISE
06-06-2013, 03:20 PM
Everyone,

I just purchased my first MC! My insurance company is requesting the est worth of the hull, engine and trailer (single axle).

Any help on the values you would place on each for my 2006 X2?

Thanks!

sand2snow22
06-06-2013, 03:38 PM
How much did you pay for it? Trailer +/- $4k

SILENTxNOISE
06-06-2013, 03:43 PM
Under $40k.. I just have no clue what percent needs to go to the hull and the motor.. I can value the trailer around $1500.

sand2snow22
06-06-2013, 03:46 PM
So if someone steals your trailer, insurance company will give you $1,500. Have you looked at the cost of replacement trailers? MC's are $6-8k...

I'm all for cheap(er) insurance. Just have to be careful..

SILENTxNOISE
06-06-2013, 06:08 PM
hah, no. I haven't priced a MC trailer.. I'd have to say I'm a little clueless on the values.. Thus the post :)

ttu
06-06-2013, 06:09 PM
I have a 07 x2 and I have 46K on the boat and 5K on my tandem trailer.

SILENTxNOISE
06-06-2013, 06:27 PM
how much did you give on just the motor?

ttu
06-06-2013, 06:35 PM
well I am pretty sure I know this. since being a insurance agent only "outboards" have separate pricing for the boat, motor and trailer.

your boat value includes the engine.

TN X-45
06-06-2013, 09:03 PM
Agreed. Have never had to value an engine over many boat. Have had to give HP on all.

SILENTxNOISE
06-06-2013, 11:23 PM
Then I must have talked to a moron at my insurance agency.. Hah! Maybe I'll get someone different tomorrow! Thanks, guys!

Jerseydave
06-07-2013, 08:21 AM
I'd value it $40K boat, $5K trailer. Make sure it's agreed value, that way if something happens say 5 years from now you get those values.

Have you shopped here:
http://www.globalmarineinsurance.com/#

I use them, pay about $410 for my '05 X-star and just under $200 for my '93 Prostar.

TxsRiverRat
06-07-2013, 11:47 AM
Trailers are $$$ - on the cheap for a single axle for a 205 with brakes, guide posts, etc is $3600 out the door

Thrall
06-12-2013, 02:52 AM
Aim a little high on agreed value. I'd say at least $45k on the boat, more if its really decked out and pristine. $5k on the trailer.
Agree, never heard of engine value but if necessary, $10k at least and deduct from hull value.

park190
06-12-2013, 11:30 AM
Trailers are $$$ - on the cheap for a single axle for a 205 with brakes, guide posts, etc is $3600 out the door

Couldn't agree more...had our trailer stolen last year and insured value was $5000. It cost a lot more to replace, trust me. :mad: Shoot high and you'll never be disappointed if something happens.

scott023
06-12-2013, 11:45 AM
I have my trailer valued at 10k. Like others have said, they are not cheap to replace.

park190
06-12-2013, 12:55 PM
I have my trailer valued at 10k. Like others have said, they are not cheap to replace.

This may sound high to most; however, for a tandem axle it is extremely close to realistic depending on accessory options. With the prices of MC's only increasing you can bet the replacement trailer values are only going to go up as well.

SILENTxNOISE
06-12-2013, 02:58 PM
That is crazy prices for the trailers.. I put $5k on my single axle. Hope it just stays put :)

mzimme
06-12-2013, 03:12 PM
I just went through quotes on a boat/trailer combo. I ended up going with ski-safe. They were cheapest between state farm (my insurance co.), boatUS, globalmarine, and ski-safe. Ski safe won by about 100 dollars.

Just FYI, a ski boat specific insurance company will be cheaper than your regular provider for car/house/whatever insurance.

I paid 330/year on an 06 supra with a 35k agreed upon value, and 5k for the trailer.

park190
06-12-2013, 03:15 PM
I just went through quotes on a boat/trailer combo. I ended up going with ski-safe. They were cheapest between state farm (my insurance co.), boatUS, globalmarine, and ski-safe. Ski safe won by about 100 dollars.

Just FYI, a ski boat specific insurance company will be cheaper than your regular provider for car/house/whatever insurance.

I paid 330/year on an 06 supra with a 35k agreed upon value, and 5k for the trailer.

X2 for SkiSafe. They have been great to deal with the past 12 years.

onewheat
06-12-2013, 03:21 PM
X2 for SkiSafe. They have been great to deal with the past 12 years.

Agreed - the last thing I wanted to tell State Farm was that the boat has 430 HP. They don't get that it will only do 44 mph. I like SkiSafe's agreed upon values too.

mzimme
06-12-2013, 03:58 PM
Agreed - the last thing I wanted to tell State Farm was that the boat has 430 HP. They don't get that it will only do 44 mph. I like SkiSafe's agreed upon values too.

I told them mine was 325hp on a 20ft boat. My quote came back at 740/year. Not happenin'.

SILENTxNOISE
06-12-2013, 05:41 PM
I'm w/ All State and w/ agreed $40k on boat and $5k on trailer, I got it for $460 a year.. Not bad and I'd much rather keep everything w/ my local agent.

onewheat
06-12-2013, 06:59 PM
I'm w/ All State and w/ agreed $40k on boat and $5k on trailer, I got it for $460 a year.. Not bad and I'd much rather keep everything w/ my local agent.

I'd rather keep it with them too, but on our X-15, Last year I was at $70k agreed upon value and $5k on the trailer and I was paying SkiSafe $450 a year. I didn't even check with anyone else on insurance for the new X-25 and I know from past experience, I don't want to tell SF I have a boat with that kind of HP. Back in the day, I tried to insure our Checkmate (19' Eluder with 260 HP) with State Farm - our agent said, "Is that the boat with the horse's head on it? Ha ha ha ha ha ha ha ha - find a new hobby." and wouldn't even give me a quote. Granted I was younger and had several speeding infractions on my license, but I have never asked them about a boat since. As far as motorcycles go, they want displacement and didn't seem to mind that one of my bikes is a CBR and one is a Harley - just want the displacement. They rock for everything, except a boat. They don't understand the high HP - low speed thing apparently.

SILENTxNOISE
06-12-2013, 07:58 PM
Guess I'm lucky that they didn't ask about the HP rating! :)

Mastercraft13
06-13-2013, 08:34 AM
I also have everything through State Farm except the boat, basically they know nothing about boats my quote was double vs ski safe. I asked my dealer on best insurance since they sell and do claims all the time. They said Progressive and ski safe were the best two to deal with.