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Catalina/Capri 25/250 Sailor's Forums

General Sailing Forum

I don't need no stinking insurance!!!

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djn
Master Marine Consultant

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USA
1561 Posts

Initially Posted - 03/05/2006 : 16:56:39

Hi All, I was just getting around to getting insurance for my boat and called my car and home agent and low and behold, the boat is automatically covered under my home owners insurance. The criteria is less than 27 feet and not princible powered by motor. It is full coverage for PLPD and hull. Cool ah? You all might want to check your home owners policy. Cheers.

Dennis
No Boat
S.E. Michigan

Edited by - on

Derek Crawford
Master Marine Consultant

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USA
3321 Posts

Response Posted - 03/05/2006 : 17:11:28

Dennis - what company is that?
Derek

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djn
Master Marine Consultant

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USA
1561 Posts

Response Posted - 03/05/2006 : 17:12:52

Hi Derek, it is Farm Bureau Insurance. Cheers.

Edited by - on

Frank Hopper
Past Commodore

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Pitcairn Island
6776 Posts

Response Posted - 03/05/2006 : 18:34:21

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by djn
 Hi Derek, it is Farm Bureau Insurance. Cheers.

<hr height="1" noshade id="quote"></blockquote id="quote">
You might want to dig deeper. The homeowner's policy coverage is very minimal in most cases, if you catch fire at the dock or take someone out with a falling mast or some other liability situation you will probably find you have no significant insurance. My State Farm is only about $250 a year and it provides significant coverage. When one calls a local agent and talks to them about things they are not familiar with it can end up costing a lot of money down the line. Why don't you have them quote a stand alone policy with appropriate liability coverage and then compare the coverage. If they request a quote for a sailboat from their home office it will probably be comparable to marine specialist.

Good luck

Edited by - on

takokichi
Captain

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USA
321 Posts

Response Posted - 03/05/2006 : 18:50:54

Agreed. Sorry. I wasn't happy with the boat coverage under my homeownser's policy so I would up carrying a boat policy...

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Champipple
Master Marine Consultant

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USA
6855 Posts

Response Posted - 03/05/2006 : 18:52:52

You can go to our links site and request a quote from Boat US insurance. We are part of the affiliate program they have, Its 3 bones for each legit quote we apply for.

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Doug
Captain

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USA
457 Posts

Response Posted - 03/06/2006 : 22:17:06

Better double check!
Most HO policies will provide some liability for a 25 footer with a small outboard, but limited or non-existant hull coverage. Most policies will have a $1,000 limit for boat AND accessories (motor, trailer, and gear).
The boat will essentialy be covered like any other personal property (bicycles, golf clubs, or shoes)and covered only under a named peril loss. Sinking is not a named peril.
Some examples:
Boat not covered for theft unless at the residence...
Boat not covered for wind damage unless damaged while inside an enclosed building...
Boat not covered fo sinking...

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 03/06/2006 : 23:09:14

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Doug
 Better double check!
Most HO policies will provide some liability for a 25 footer with a small outboard, but limited or non-existant hull coverage. Most policies will have a $1,000 limit for boat AND accessories (motor, trailer, and gear).
The boat will essentialy be covered like any other personal property (bicycles, golf clubs, or shoes)and covered only under a named peril loss. Sinking is not a named peril.
Some examples:
Boat not covered for theft unless at the residence...
Boat not covered for wind damage unless damaged while inside an enclosed building...
Boat not covered fo sinking...
<hr height="1" noshade id="quote"></blockquote id="quote">
Another little item in marine policies (and certainly not homeowners') is the environmental coverage--if the EPA is notified that you spilled a pint of oil, the cleanup could be in the thousands. More importantly, a few hundred bucks will insure that you are covered for liability on the water--much more important than hull damage coverage (for boats like ours). Make sure you know exactly what you're covered and not covered for.

Edited by - Dave Bristle on 03/06/2006 23:11:00

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