Insurance when boat is over 27 feet long ?

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Insurance when boat is over 27 feet long ?

Postby baz on Thu Jan 31, 2019 10:25 pm

Subject: Insurance when boat is over 27 feet long ?

Today I made an enquiry to my boats Insurance Company. Currently my insurance is for my trade in R27/OB. The enquiry was for my new R29 CB to be delivered later next month.

I was told that boats over 27 feet long require the application for insurance to be approved/processed by the Underwriter Dept. :o

I'm assuming from this it could mean either they will not approve or will and hit me with a BIG premium. :( :roll:
Barry & Jake (Wire Hair Fox Terrier)
SOLD - 2010 R-25 LAXEY
Traded in 2016 Ranger Gray R-21EC LAXEY
Trade in R-27/OB, LAXEY, Hull Midnight Blue
2019 R29 CB IoM LAXEY, Hero Red Delivery Feb/Mar 2019
Edmonds, WA
baz
 
Posts: 4996
Joined: Fri Jun 19, 2009 12:28 am
City: Edmonds
State/Province: WA
Ranger/Cutwater Model: R-29 CB
Vessel Name: LAXEY
MMSI Number: TBD......

Re: Insurance when boat is over 27 feet long ?

Postby Salty7 on Thu Jan 31, 2019 10:35 pm

I have owned multiple boats from 16 ft to 54 ft and been insured by numerous companies over the years, never had any issue when I went up or down in size. Get a premium quote from who you are with and also check with Progressive. I left Allstate for Progressive because the premium was lower and they would give me agreed value insurance. I'm sure others will chime in and share their own experiences too. Your boating experience and education and/or licensing is also a factor when buying marine insurance.
Salty7
 
Posts: 27
Joined: Sun Jul 29, 2018 9:06 am
City: La Conner
State/Province: WA
Ranger/Cutwater Model: R-25 SC

Re: Insurance when boat is over 27 feet long ?

Postby Martin610 on Fri Feb 01, 2019 7:56 am

I have Boat US, which uses GEICO as the carrier. I saw very little change in premium going to my Cutwater 28 from my 25 foot Grady. Coverage was almost immediate.
Cutwater 28 - Venture
Martin610
 
Posts: 43
Joined: Tue Feb 13, 2018 9:09 pm
City: Jackson
State/Province: NJ
Ranger/Cutwater Model: C-28
Vessel Name: Venture

Re: Insurance when boat is over 27 feet long ?

Postby trailertrawlerkismet on Fri Feb 01, 2019 8:43 am

Hi Barry, you must be getting excited about the new boat? We have also gone up or down in size and never experienced what you stated. We use Global Marina, which writes policies from several insurance companies....so they can shop for you without you going from one to another. Global Marine has an offic Enna for rep in the Seattle area, I d suggest calling her. Ours is also with Progressive.

Jim F
Jim & Lisa FavorsR29S Kismet
info@trailertrawlerlife.com
http://www.trailertrawlerlife.com
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http://favorsgreatloopblog.com
http://boatus.com/cruising/kismet/log.asp
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Posts: 1693
Joined: Wed Feb 23, 2011 4:08 pm
City: Traverse City
State/Province: MI
Ranger/Cutwater Model: R-29 S
Vessel Name: (2018) Kismet

Re: Insurance when boat is over 27 feet long ?

Postby Godspeed on Sat Feb 02, 2019 9:58 am

We have been with Global Marine Insurance for over 20 years and 3 boats. I do shop around from time to time and they always find the best price and coverage. I have had claims over the years as well (lightning hitting a sail boat on the same docside utility center and a neighboring boat breaking free from its lines). Never a problem with claims. My 2015 Cutwater 30 S is currently insured with them.

Brian
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Posts: 13
Joined: Sun Nov 25, 2018 10:11 am
City: Oregon
State/Province: WI
Ranger/Cutwater Model: C-30 S
Vessel Name: Godspeed

Re: Insurance when boat is over 27 feet long ?

Postby rackline on Sat Feb 02, 2019 10:11 am

Another vote for Global Marine. A quote from Boat US was much higher. They placed us with Chubb.
rackline
 
Posts: 47
Joined: Sun Oct 30, 2016 7:14 pm
City: Marshfield Hills
State/Province: MA
Ranger/Cutwater Model: R-29 Classic
Non-Ranger Model: 17' Finestkind, previous Friendship Sloop
Vessel Name: Headway

Re: Insurance when boat is over 27 feet long ?

Postby baz on Mon Feb 04, 2019 4:09 pm

I called Global Marine and have selected them for my 2019 R29 CB. They were super fast in providing a quote and it was far better than my existing Insurance pricing and with better coverage for the lower annual premium price. :D There was no mention about the boat being longer than 27 feet. :o :lol:

When Global scanned their various Ins. carriers the upper premium range was at around $1600/yr. They selected a carrier for me at a much lower 3-figure price and with better coverage than the $1600 companies. :D Global certainly did a good job for me IMO.
Last edited by baz on Tue Feb 05, 2019 7:26 pm, edited 1 time in total.
Barry & Jake (Wire Hair Fox Terrier)
SOLD - 2010 R-25 LAXEY
Traded in 2016 Ranger Gray R-21EC LAXEY
Trade in R-27/OB, LAXEY, Hull Midnight Blue
2019 R29 CB IoM LAXEY, Hero Red Delivery Feb/Mar 2019
Edmonds, WA
baz
 
Posts: 4996
Joined: Fri Jun 19, 2009 12:28 am
City: Edmonds
State/Province: WA
Ranger/Cutwater Model: R-29 CB
Vessel Name: LAXEY
MMSI Number: TBD......

Re: Insurance when boat is over 27 feet long ?

Postby SassyRed on Tue Feb 05, 2019 7:17 pm

Anchor Marine. Our agent is Bob Schwab. 206-273-6996. We have had good luck with him and the Travelers Yacht Policy. He is very familiar with Ranger Tugs.
SassyRed
 
Posts: 33
Joined: Sun May 31, 2015 5:59 pm
City: Woodinville
State/Province: WA
Non-Ranger Model: cutwater 30 CB
Vessel Name: SassyRed

Re: Insurance when boat is over 27 feet long ?

Postby Cutwater28GG on Tue Feb 05, 2019 7:23 pm

Im with Anchor marine. Approx 866 for a cutwater 28
Gavin - 2012 Cutwater 28
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City: seattle
State/Province: WA
Ranger/Cutwater Model: C-28
Non-Ranger Model: Cutwater 28
Vessel Name: Living The Dream


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