Insuring Your Boat & Agreed Values

A forum for discussing topics relating to MacGregor Powersailor Sailboats
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captin5317
Deckhand
Posts: 48
Joined: Sat Jun 25, 2005 9:56 am
Location: Nevada City, Ca, 2005, 50hp E-Tec

Post by captin5317 »

Allstate $32,000 for $216.00 per year
eric3a

Post by eric3a »

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Last edited by eric3a on Tue Mar 11, 2008 12:12 am, edited 1 time in total.
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Catigale
Site Admin
Posts: 10421
Joined: Fri Jun 11, 2004 5:59 pm
Sailboat: MacGregor 26X
Location: Admiral .............Catigale 2002X.......Lots of Harpoon Hobie 16 Skiffs....Island 17
Contact:

Post by Catigale »

I think the big liability on fuel spills isnt the clean up costs, its the EPA Storm Troopers fines for the event.... :x
Skip Matthies
Deckhand
Posts: 29
Joined: Mon Apr 10, 2006 2:33 pm
Location: 1999 26X . . . . . CA and AZ

Post by Skip Matthies »

You might try to get a quote from USAA Insurance out of San Antonio, Tx
eric3a

Post by eric3a »

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Last edited by eric3a on Tue Mar 11, 2008 12:16 am, edited 1 time in total.
Frank C

Post by Frank C »

Doubt that your marine history has any bearing ...
just from curiosity, requote using your wife as the principal.
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beene
Site Admin
Posts: 2546
Joined: Tue Sep 19, 2006 5:31 pm
Sailboat: MacGregor 26M
Location: Ontario Canada, '07 26M, Merc 75 4s PEGASUS

Post by beene »

Frank C wrote:requote using your wife as the principal.
ooooohhhhhh that would get Eric's blood boiling. His wife, nil experience behind the wheel, pax log hours only, and gets a better quote than the pro captain :evil:

I could hear him from my house :o :? :|
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Chip Hindes
Admiral
Posts: 2166
Joined: Mon Jan 05, 2004 6:13 am
Location: West Sand Lake, NY '01X, "Nextboat" 50HP Tohatsu

Post by Chip Hindes »

Membership in USAA (my company) is limited to active duty and retired military offficers and Staff Noncommissioned Officers. If you can qualify, they are the best. They've done my house, cars and boats since 1971.
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Lease
First Officer
Posts: 290
Joined: Thu Nov 17, 2005 3:07 pm
Location: Canberra Oz; 1995 26X "MACMAC" Tohatsu 50

Post by Lease »

On the issue of public liability; in order to enter ANY racing event here now (even trailer sailer races), you have to prove that you have $10million PL cover, so that has become the standard on yacht policies.
Frank C

Post by Frank C »

"... you have to prove that you have $10million :o PL cover, so that has become the standard on yacht policies. "

Hmmm - even allowing for xchg rate between Oz and US,
that's a sizeable policy amount~!
eric3a

Post by eric3a »

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Last edited by eric3a on Tue Mar 11, 2008 12:16 am, edited 1 time in total.
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Lease
First Officer
Posts: 290
Joined: Thu Nov 17, 2005 3:07 pm
Location: Canberra Oz; 1995 26X "MACMAC" Tohatsu 50

Post by Lease »

Frank, works out OK as the PL portion of the premium is quite small.

From recollection my policy is for $46,000 agreed value, plus the PL as above. I've got 8 months usage and racing cover to a maximum of 50 miles.

All up, I think it was $500 - $550 per annum, something like that.
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ssichler
First Officer
Posts: 342
Joined: Thu May 04, 2006 9:22 am
Location: Redondo Beach, CA 06 M 60hp E-Tec

Post by ssichler »

Chip Hindes wrote:Membership in USAA (my company) is limited to active duty and retired military offficers and Staff Noncommissioned Officers. If you can qualify, they are the best. They've done my house, cars and boats since 1971.
And their children. We have USAA for house and cars and I agree they are great company but the rates they offered for my Mac were not as good as BoatUS.
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Chip Hindes
Admiral
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Joined: Mon Jan 05, 2004 6:13 am
Location: West Sand Lake, NY '01X, "Nextboat" 50HP Tohatsu

Post by Chip Hindes »

And their children.
Not exactly. The company offering insurance to the kids is USAA CIC (Casualty Insurance Company) It is a separate for profit company (as opposed to USAA, not a for profit company but a member owned "insurance exchange") Its rates are not as good as USAA and I don't believe it offers the same range of services; in fact I don't believe it offers boat insurance.
We have USAA for house and cars and I agree they are great company but the rates they offered for my Mac were not as good as BoatUS.
Lowest up front rates are not the whole story. Policy and claims service for me has always been absolutley outstanding and over the 36 plus years they have earned all my business. Plus, being an exchange, periodically the profits are returned to the policy holders. No guarantee, but in the past, for me this has been equivalent to a nearly 20% rebate on all premiums.
Bill at BOATS 4 SAIL
Admiral
Posts: 1006
Joined: Sat Jan 10, 2004 7:28 pm
Sailboat: MacGregor 26D
Location: Oconomowoc, WI

Post by Bill at BOATS 4 SAIL »

Chip Hindes wrote:Membership in USAA (my company) is limited to active duty and retired military offficers and Staff Noncommissioned Officers.
Hi Chip - I thought I heard that USAA will now insure any veteran. Not so?
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