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Old 06-14-2013, 09:26 AM
02ProstarSammyD 02ProstarSammyD is offline
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Insurance question (is this normal?)

So called my insurance company to bump up my coverage on my MC. I insured the boat for a fair past value before based on its previous condition and what I owed. Have dumped an ungodly amount into the boat and called to bump it up. Keep in mind that what I'm bumping it up to is less than what I've seen them sell for and they are requesting an inspection/appraisal to be done 30+ miles away before they bump it up. I have used the same company for 15 years for car, boats, and my home insurance. Time to tell them to gtfo? Talking a 2 hour rt to let someone who presuamably has zero clue about mc's judge my boat.
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Old 06-14-2013, 09:46 AM
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mzimme mzimme is offline
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What insurance company do you use?
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Old 06-14-2013, 09:50 AM
02ProstarSammyD 02ProstarSammyD is offline
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state farm
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Old 06-14-2013, 09:52 AM
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mzimme mzimme is offline
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I'd say it's normal for an appraisal since they probably just want to make sure you didn't total the thing out and are just bumping up coverage only to make a claim a few months down the road.

Do yourself a favor and get a quote from ski-safe. I have state farm for everything else I own, but they were a good $300 higher to insure my boat since they go off a HP to length ratio. You'll probably get better coverage for cheaper with a ski boat specific insurance co. Quotes are free, I'd check it out.
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Old 06-14-2013, 09:58 AM
02ProstarSammyD 02ProstarSammyD is offline
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Quote:
Do yourself a favor and get a quote from ski-safe. I have state farm for everything else I own, but they were a good $300 higher to insure my boat since they go off a HP to length ratio. You'll probably get better coverage for cheaper with a ski boat specific insurance co. Quotes are free, I'd check it out.
10-4. Yea State Farm is like 40/mo but I figured it was fine b/c they've always taken decent care of me. I'm not all about 2-3 joyrides on a weekday so some mullet can dig around my boat.
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Old 06-14-2013, 10:08 AM
02ProstarSammyD 02ProstarSammyD is offline
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And I just saved close to 200/year. Thanks dude
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Old 06-14-2013, 10:19 AM
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madcityskier madcityskier is offline
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Keep in mind that they are used to seeing vehicles depriciate, with most of the money that the average person spends on heir vehicle being maintenance/repairs vs improvements. Also, verify that the coverage applies to anyone driving your boat, since you like to get back there. You'd be surprised that more than a few companies don't. Finally, make sure you're buying an AGREED value policy. Stated value policies will cause you to pay more in premiums, but the adjuster gets to say how much your boat was really worth after the incident happened that you bought insurance to be ready for. I learned all about this a couple years back when I researched insuring our boat, luckily not learning the guard way for once. Ended up going with skisafe based on servicing the sale and experiences of others.
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Old 06-14-2013, 10:36 AM
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JMLVMI JMLVMI is offline
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Quote:
Originally Posted by 02ProstarSammyD View Post
And I just saved close to 200/year. Thanks dude
Using Ski-safe?
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Old 06-14-2013, 10:38 AM
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mzimme mzimme is offline
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Originally Posted by 02ProstarSammyD View Post
And I just saved close to 200/year. Thanks dude
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  #10  
Old 06-14-2013, 10:50 AM
02ProstarSammyD 02ProstarSammyD is offline
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Quote:
Using Ski-safe?
yea did a custom plan and came up to 256/yr. Basic was 200

that was for 29k coverage (boat/trailer) and lower deductible etc
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