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Old 03-21-2013, 02:02 PM
Astepatatime Astepatatime is offline
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Hehe

Just got an email back from insurance agent. We filled out a form to get a quote on the X-55 we have on order, with the 7.4L engine. The question back:

"Are you sure this has 522 horsepower? Typically these boats have 340-400 horsepower"

You betcha, baby!
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  #2  
Old 03-21-2013, 02:09 PM
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FourFourty FourFourty is offline
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Quote:
Originally Posted by Astepatatime View Post
Just got an email back from insurance agent. We filled out a form to get a quote on the X-55 we have on order, with the 7.4L engine. The question back:

"Are you sure this has 522 horsepower? Typically these boats have 340-400 horsepower"

You betcha, baby!
Almost couldn't get insurance on the XStar because of that.

They had to send the application for "Head Underwriter" approval. It took two weeks to get an answer. They basically said "Because you have insured boats with us for 10 years, and had no incidents, we have the ability to override our 500hp rule on your 24' boat....."
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  #3  
Old 03-21-2013, 02:24 PM
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Theclarks1111 Theclarks1111 is offline
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That's awesome!
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Old 03-21-2013, 06:47 PM
bsloop bsloop is offline
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I would take this seriously and not like a prideful joke.

Usually when they see over 500hp = speed = increased liability

I would be in communication with the underwriter that this 500+hp is more like a low gear truck not a performace speed demon.
They may or may not write you and you may or may not get the best rate if they dont fully understand.
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Old 03-21-2013, 08:14 PM
Astepatatime Astepatatime is offline
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Originally Posted by bsloop View Post
I would take this seriously and not like a prideful joke.

Usually when they see over 500hp = speed = increased liability

I would be in communication with the underwriter that this 500+hp is more like a low gear truck not a performace speed demon.
They may or may not write you and you may or may not get the best rate if they dont fully understand.
You're spot on. That's exactly what I did in my response to the question, explained the torque and top speed. Must have been okay because they supplied the quote and I "think" it's pretty reasonable.

But I'm not going to lie, it made me smile.
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Old 03-21-2013, 11:44 PM
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east tx skier east tx skier is offline
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Quote:
Originally Posted by Astepatatime View Post
You're spot on. That's exactly what I did in my response to the question, explained the torque and top speed. Must have been okay because they supplied the quote and I "think" it's pretty reasonable.

But I'm not going to lie, it made me smile.
But see the "true HP" thread. I might have explained that, often, hp is overstated. And that, in this case, hp is probably 499. It's an honest answer, and everyone is happy.
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  #7  
Old 03-21-2013, 11:52 PM
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ttu ttu is offline
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most underwriters look at length to horsepower ratio. in their minds a 25 ft inboard/outboard with 500hp should top out in the upper 60's. they don't understand that our boats are tractors that may do 45 on a great day.
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Old 03-22-2013, 12:01 AM
Astepatatime Astepatatime is offline
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Originally Posted by ttu View Post
most underwriters look at length to horsepower ratio. in their minds a 25 ft inboard/outboard with 500hp should top out in the upper 60's. they don't understand that our boats are tractors that may do 45 on a great day.
Wait a minute...someone compared me trading my Crownline E4 for the X-55 to be like going from an Explorer to a Range Rover. Another said a minivan to a sports car. Now you're telling me I bought a tractor?
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Old 03-22-2013, 12:26 AM
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CC2MC CC2MC is offline
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Man, my John Deer can only run about 40, but man I can bush hog that field in no time...45 is a fast tractor!
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Old 03-22-2013, 09:57 AM
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mikeg205 mikeg205 is offline
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Quote:
Originally Posted by FourFourty View Post
Almost couldn't get insurance on the XStar because of that.

They had to send the application for "Head Underwriter" approval. It took two weeks to get an answer. They basically said "Because you have insured boats with us for 10 years, and had no incidents, we have the ability to override our 500hp rule on your 24' boat....."
Wow - so - if you want a boat with 500HP+ you're on your own? I haven't had to look go down this path. I only have liability on my '95 so I only pay $81 a year...
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