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Catalina/Capri 25/250 Sailor's Forums

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Insurance Prices

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Doug
Captain

Member Avatar

USA
457 Posts

Initially Posted - 06/06/2003 : 21:07:02

I know it's come up before, but I just got the bill so I thought I'd share:

State Farm is charging $175 to cover my 1980 C25.

Hull=$10,000
Liability+ $100,000 (I also have an umbrella policy)
Medical payments to others=$1,000
Deductible= $250

Doug - #1913 Noeta

Edited by - on

Dan86
Navigator

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130 Posts

Response Posted - 06/06/2003 : 22:31:32

<BLOCKQUOTE id=quote><font size=1 face="Verdana, Arial, Helvetica" id=quote>quote:<hr height=1 noshade id=quote>
I know it's come up before, but I just got the bill so I thought I'd share:

State Farm is charging $175 to cover my 1980 C25.

Hull=$10,000
Liability+ $100,000 (I also have an umbrella policy)
Medical payments to others=$1,000
Deductible= $250

Doug - #1913 Noeta
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Arial, Helvetica" size=2 id=quote>

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Dan86
Navigator

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130 Posts

Response Posted - 06/06/2003 : 22:32:23

Sorry about the reprint, is that a 6 month policy or 1 year?

Edited by - on

Doug
Captain

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USA
457 Posts

Response Posted - 06/07/2003 : 02:11:00

For a year

Doug - #1913 Noeta

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Douglas
Master Marine Consultant

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1595 Posts

Response Posted - 06/07/2003 : 04:12:22

Good price Doug. I used Boat US and it was about the same. Not bad at all.

Doug&Ruth
Triska (Alberg 29)
Tacoma Wa.

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tinob
Master Marine Consultant

Members Avatar

USA
1883 Posts

Response Posted - 06/07/2003 : 09:55:57

Great prices for sure...so how come Boat U.S. charges me $308 ( after a no claim history)and a $500 deductable? I may have a slightly higher hull figure, $ 12000 I think. Can't help but think they have a memory problem with the claims I had 6 years ago.
Val on Calista # 3936

Val Bisagni]<img src="http://im1.shutterfly.com/procserv/47b3df11b3127cce94709c5ff2e90000000010" border=0>

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Mark Loyacano
Navigator

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USA
247 Posts

Response Posted - 06/07/2003 : 10:16:26

Kansas companies track claims going back only three years. But Val, factors differ according to where we sail. Coastal waters vs. inland lakes, longer seasons vs. short and motor vehicle records are tied to these policies through computer databases.

It would be interesting to know how Catalina 25's are rated across the country.

We pay about two hundred a year. Our boat never leaves Kansas lakes. It is stored on a trailer during the Winter (also carries insurance for towing on public highways). It is also subject to different Marine laws etc. etc.

You might want to inquire about insuring your boat through your homeowners policy. This is sometimes allowed on boats under 26 feet LOA and less than twenty five horsepower.

Your insurance company is required to inform you exactly how your premium is calculated.

Mark L.
Cat 25 SR/SK #549

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bear
Admiral

Members Avatar

USA
909 Posts

Response Posted - 06/07/2003 : 11:37:42

Just renewed my policy with State Farm, 1995 C 250 WB, upstate N.Y.
$198.00, Hull $15,000, Liability $100,000, Medical $1,000 per person,
Deductible $250----No Previous Claims----
"Bear" on C250 #089

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Gary B.
Admiral

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USA
969 Posts

Response Posted - 06/07/2003 : 12:50:42

My Boat US policy for a '78 SK and trailer is only $114 per year. I am on the Columbia River, but use it in the San Juan Islands and Canada. The coverage is good: to the Northern tip of Vancouver Island. Maybe because my hull value is only $8K/ 1K on trailer (neither of which would replace what I have). No claims in 25 years.

Gary B.
Encore! #685 SK/SR

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Oscar
Master Marine Consultant

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USA
2030 Posts

Response Posted - 06/07/2003 : 13:16:43

Here's the $25.00 per trip question....

Did they ask you to declare a cruising area? Do they care if you trailer the thing all over the place?

Oscar
<img src="http://www.woodenshoemusic.com/Images/familypics/LKforumshot.jpg" border=0>
Lady Kay 250 WB #618
In the driveway in Behtlehem, PA ready to go anytime.

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Rick Heaverly 86 C25 5382
Navigator

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Belize
206 Posts

Response Posted - 06/08/2003 : 07:00:19

i just reported a claim with boatus. my drain plug on my outboard came out, lost oil in lower unit, motor froze up. repair estimate $1200 for new lower unit. boatus approved claim and i received a check for $247. seems they have a 85% depreciation clause (page 3, repairs for partial loss). time to look for better insurance.

Rick Heaverly
"Invictus"

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tinob
Master Marine Consultant

Members Avatar

USA
1883 Posts

Response Posted - 06/08/2003 : 10:11:20

Perhaps my high rate is related to sailing grounds. I'm allowed rivers,bays, and oceans but not the coastal waters of Florida.

I couldn't figure the Florida restriction. How do those of us sailing Florida waters make out in this regard?

Val on Calista #3936

Val Bisagni]<img src="http://im1.shutterfly.com/procserv/47b3df11b3127cce94709c5ff2e90000000010" border=0>

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lcharlot
Master Marine Consultant

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Antigua and Barbuda
1301 Posts

Response Posted - 06/09/2003 : 00:12:52

I just got the bill for my truck and will get the bill for the boat insurance within the next 4 to 6 weeks. State Farm on all of our policies. I was told that in California, they could not put the boat on the homeowners policy, although I guess they can in other states. My homeowners insurance went up 20% last renewal, and the policy on the truck jumped 6.5%, despite the fact that the vehicle is a year older and we have not had a claim, accident, or ticket in at least 12 years. Isn't the car insurance premium supposed to decline at least a little each year as the car gets older? Anyway, the boat policy last year was $250, for $8000 covereage on the boat, $3000 on the trailer, and $1000 on the outboard. I am not looking forward to the renewal, I am going to increase the coverage limits substantially - $7500 for the trailer and $2500 for the outboard, which is what these items would cost if I had to replace them. I don't want to change companies either, because now that the boat is nearing 25 years old, many insurers won't take a trailerable sailboat that old, and they few that do require a full survey - which I would have to pay for at a cost of about $500 - and the premiums are outrageous.

Larry Charlot
Catalina 25 #1205 "Quiet Time"
Sacramento, CA

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cathluk
Admiral

Members Avatar

USA
513 Posts

Response Posted - 06/15/2003 : 13:56:33

Just got my renewal from Boat US. I have a "boat saver" policy & keep the boat in the water at a marina off the Chesapeake Bay. I believe the policy specifies certain areas (like the Great Lakes) where I won't have coverage. My premium is $190/year with no limiations on having the boat in the water all year (some policies specify the boat must be out for winter months).

Cathy
"Blown Away"
'97 C250WK #253

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Notice: The advice given on this site is based upon individual or quoted experience, yours may differ.
The Officers, Staff and members of this site only provide information based upon the concept that anyone utilizing this information does so at their own risk and holds harmless all contributors to this site.