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kycat2007
05-22-2006, 02:54 PM
Hey guys how much does your insurance on the boats run you and who do you have it with? This question I guess should be for boats approx 1996 and newer because some do not carry comprehensive on older boats.
I just got a quote on the 1997 Maristar and it was $417.21 for the year. We valued the boat at $16,500 and trailer at $1,000. This is what I have in it as of now. The agent told me to call him back after I got the radio installed and he would adjust accordingly. This is comprehensive insurance of course. I was wondering if I should shop around or if this was in line.

Thanks in advance
Brad :eek:

east tx skier
05-22-2006, 03:01 PM
I pay around $300 for a 1993 205. I use Voyager Marine out of Dallas. Boat valued at $14,500. Trailer at $1,500 All the usual coverage in addition to that.

kycat2007
05-22-2006, 03:08 PM
thanks east :D

Jimperry
05-22-2006, 03:18 PM
Go to the USA Waterski site and click on "Insure My Ski boat". I have a 2000 PS 190 insured @ $20,000 plus @2,000 on the trailer for #335.00/yr.

jraben8
05-22-2006, 03:24 PM
I'm also with Voyager Marine. Boat valued at 17,000 and 1500 for the trailer with the usual coverages as well for $380

Kevin 89MC
05-22-2006, 03:35 PM
I'm in the process of re-newing mine right now. Currently use Sea Safe, ~$300. I carry comp, valued at $8,000 incl trailer. Don't want to left with nothing! I checked Progressive on line, they quoted me like $150. Need to read into that a bit more to see what exactly it covers, but I may jump on it.

rick s.
05-22-2006, 03:56 PM
I use Progressive, and they are very competitive. I have:

300K liability
Uninsured Boaters - 300K
Med - 5K each person
Comp - 1K deductable
Personal stuff - 3K

Boat is a new x45 so valued appropriately

Less than $600/year.

jeffrpod
05-22-2006, 04:46 PM
Check out BoatUS, I pay about $300 to cover a 2002 VLX - valued at around $35K. I know, I know - MC are much nicer and thus cost more to insure...

Tennesseeski
05-22-2006, 04:57 PM
I use Farm Bureau for my 93 and full coverage for it was $250.00 for a year. That was to cover the amount I paid for the boat and another $1000.00 on my trailer.

erkoehler
05-22-2006, 05:36 PM
www.skisafe.com is who I use. They have been great. I think it was around $275 for my 190, but that was with a lay up period.

Maristar210
05-22-2006, 08:11 PM
Auto Owners here. $380 / yr for a '04 loaded M-210...

Good luck I know it varies greatly by state.....


Steve

bigmac
05-22-2006, 08:56 PM
Drive by Progressive. I pay $490/year - it includes max liability and Total Loss Replacement (http://watercraft.progressive.com/corporate/watercraft_options.asp#total), as well as replacement value on personal property and installed boat accessories and "disappearing deductable" (the comprehensive deductable is decreased by 25% each year - so zero deductable after 4 claim-free years).

phecksel
05-23-2006, 11:51 AM
i said this before, be very careful with SkiSafe. I had a claim and then claused their way out of paying every bit of the claim.

Replacement radio wasn't covered, because it had depreciated
Ski gear wasn't covered, because it wasn't in a locked compartment
Radio housing wasn't covered for a reason I don't remember
IP panel wasn't covered, because the repairable damage didn't exceed the deductible. Total repair costs the adjuster came up with, $1,200, and even he said the IP wasn't repairable. Unfortunately this happened just before I sold the boat, buyer had already looked at it. Could I have sued and won, maybe, but it was better for me to negotiate with the potential buyer and take the sale.

Our ski club is a member of USA Waterski, mainly for the insurance. I got a copy of the actual policy and was shocked at what I read. Virtually nothing was covered, and the best part, the policy has a $75,000 deductible.

I went back to my homeowners and had several long conversations about how 300hp on a 19' boat doesn't mean a need for speed :) They finally secumbed to my nagging and actually gave me a great deal.

TMC
05-23-2006, 12:09 PM
Hey Team Talkers:

I wanted to give you guys some heads up - we are currently working on a deal with an insurance company that will be available shortly to MasterCraft owners. If all pans out, we will have a program launch in a few months. So stay tuned for what will be a good offer...

-JB

Thrall
05-23-2006, 02:46 PM
Hey Team Talkers:

I wanted to give you guys some heads up - we are currently working on a deal with an insurance company that will be available shortly to MasterCraft owners. If all pans out, we will have a program launch in a few months. So stay tuned for what will be a good offer...

-JB
Cool! s/b a good deal as MC'ers are generally safer boaters!

Currently have Progressive. $158/yr. $17,000 repalcemnt on the boat and $2k on accessories. Deductible is $500 I believe.

boatless
05-23-2006, 03:01 PM
Guys,

How much do you think I have to pay for insurance on a 2005 197 mastercrat around $40,000 ? Doesn't have to be exact.

ajgressette
05-23-2006, 03:27 PM
You can insure a used boat for whatever value you want but if it is a total loss your only going to get what NADA says the boat is worth. I have considered insuring my boat which The Lloyds Of London. Ha! 8p

Check NADA to see what your boat is worth. What you can sell these boats for is NOT what the insurance companies are going to pay. YOU CAN BANK ON THAT! :headbang:

X-45
05-23-2006, 06:27 PM
Hey Team Talkers:

I wanted to give you guys some heads up - we are currently working on a deal with an insurance company that will be available shortly to MasterCraft owners. If all pans out, we will have a program launch in a few months. So stay tuned for what will be a good offer...

-JB

Team Talk hits another home run. Towels and Insurance, can it get any better. I'm in negotiations for insurance as I type. Can you give me a hint as to what a few is. If you'd like beta tester sign me up. :woohoo: :firejump:

bigmac
05-23-2006, 09:00 PM
You can insure a used boat for whatever value you want but if it is a total loss your only going to get what NADA says the boat is worth. I have considered insuring my boat which The Lloyds Of London. Ha! 8p

Check NADA to see what your boat is worth. What you can sell these boats for is NOT what the insurance companies are going to pay. YOU CAN BANK ON THAT! :headbang:

As I mentioned, the Total Loss Replacement (http://watercraft.progressive.com/corporate/watercraft_options.asp#total) option avoids that issue...

JohnnyB
05-23-2006, 09:22 PM
On my 2004 PS197, I'm paying $264/yr for 300/1/5 and Actual Cash Value coverage on boat/engine and trailer. Country Insurance has great rates and excellent service!

ski-aholic
05-24-2006, 12:44 AM
I would up your trailer insurance it cost me about $5,000 to replace my 1984 trailer, when I was ran off the road. :headbang:

ajgressette
05-24-2006, 04:15 AM
As I mentioned, the Total Loss Replacement (http://watercraft.progressive.com/corporate/watercraft_options.asp#total) option avoids that issue...

Total Loss Replacement
Total Loss Replacement coverage is available for new boats up to one model year old.

I was speaking of used boats. And Progressive ins specifically says: For boats more than five model years old, the Rating Base is paid, which must be increased if additional equipment that increases the boat's value is attached by the policyholder. Rating Base is NADA.

jimmer2880
05-24-2006, 06:05 AM
Total Loss Replacement
Total Loss Replacement coverage is available for new boats up to one model year old.

I was speaking of used boats. And Progressive ins specifically says: For boats more than five model years old, the Rating Base is paid, which must be increased if additional equipment that increases the boat's value is attached by the policyholder. Rating Base is NADA.

But, that's only with your insurance company. I have (I believe ski safe), and my '95 is insured for an "agreed value". Meaning, I have it insured for $18,000. If it becomes a total loss, I get $18,000. Not book value. I asked my literally life-long Nationwide insurance agent if he could even offer such a policy and he said no.

NORTHERN LIGHTS
05-24-2006, 07:18 AM
Guys,

How much do you think I have to pay for insurance on a 2005 197 mastercrat around $40,000 ? Doesn't have to be exact.
my 04 tt is value at 37k. I pay a little less than 500.00 per year.
as someone mentioned earlier--watch those trailers. My dual axel replacement is on the north side of 5k.

NORTHERN LIGHTS
05-24-2006, 07:24 AM
i also had a long conversation about my boat and it's h.p. They saw 385hp in a 19 ft boat and quickly said "no thanks". Most insurance co. have a little chart and if you do not fit into that chart they will just say no. In the end all they wanted to know is if the boat did over 45 mph. Although it does, we got together to make the head-honcho understand what kind of boat this was and also what it was used for.

If mastercraft does come up with a agreement from a insurer that would be great. at least a specialty insurer will know what kind of boats we are talkin' about

phecksel
05-24-2006, 11:25 AM
But, that's only with your insurance company. I have (I believe ski safe), and my '95 is insured for an "agreed value". Meaning, I have it insured for $18,000. If it becomes a total loss, I get $18,000. Not book value. I asked my literally life-long Nationwide insurance agent if he could even offer such a policy and he said no.
Watch out for being too far over insured. You stand a risk of the insurance company repairing a total loss rather then handing over a check. If the boat is really only worth 12k, and there's 13k worth of damage, it's cheaper for them to "repair" the boat then pay the 18k bill.

jimmer2880
05-24-2006, 11:59 AM
Watch out for being too far over insured. You stand a risk of the insurance company repairing a total loss rather then handing over a check. If the boat is really only worth 12k, and there's 13k worth of damage, it's cheaper for them to "repair" the boat then pay the 18k bill.

Thank you. I do plan on lowering that just a bit (I setup that policy a couple years ago). My $18k was for boat & trailer. $15k for the boat, $3k for the trailer.

You do make a very good point though. Thanks!

boatless
05-24-2006, 12:50 PM
John and North,

Thank you so much for the feed back. Your info is helping me a lot, I am too searching for insurance. I probably using my home insurance service.

kalanic
05-24-2006, 12:56 PM
I got a $60 a year discount with my insurance company for passing an easy online boating class.

BrianM
05-24-2006, 01:41 PM
I have my '97 190 insured with Boat US. $17k on the boat $1,500 on the trailer $500k liability (required by my lake) and I pay $380 a year. Deductable is about $250 as it goes down every year there is no loss.