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Parrothead
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148 Posts
Discussion Starter · #1 ·
All,
I am the proud owner of a 21' Kenner with Suzuki 150, I pick the boat up on Saturday. However, before I do I need to get the needed insurance. I have all my other insurance thru USAA, but I want to see what other options are out there and if any one has any recommendations on any particular policy or useful addendums that they have added.

Thanks in advance for the help,
John
 

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bait chunker n fish yanker
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71 Posts
Progressive has a policy with a "diminishing deductible". What this means is every year you are claim free, you deductible will be reduced by 25% until you have a 0 (Zero) deductible. This means you can purchase a policy with $1000 deductible for a lower price, and every claim free year it is reduced by 25%. 4 th year, you are still paying the cheaper price but you have a zero deductible until you have a claim, at which it just goes back to your purchased deductible and starts dropping 25% again every claim free year.

Also, they offer an "agreed value" instead of just actual value which could be thousands less than what you still owe on it.

If you dont have a separate seatow policy, you can get towing coverage up to $2500, and also coverage for your fishing equipment on the boat.

Dont forget about your trailer also, and make sure it is included in your policy along with your boat.

There are several other things you should inquire on also.. You are welcome to give me a call and I be glad to help and share info with you, even if you decide to purchase from another agent.

Victor
Allsource Insurance
713-864-2886
 

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progressive

I purchased the policy above for around $250 a year. I received an additional discount because I have two other policies with them, no tickets in the past 3 years and I am a home owner. I don't understand why owning my home mattered, but throw that one in if you own yours.

Brandon Pope
 

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I have all of my insurance thru USAA also but they were high on boat ins. I have my boat policy thru West Marine and I am very pleased.
 

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Iusedtofish
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2,893 Posts
I had the same experience with USAA, More than double the premium for the same coverage through progressive. Have never filed a claim with either, I have heard that
progressive can be difficult to deal with if you file a claim, but have not had that experience. (knock on wood). Try Kevin Severance in the Houston area, he specializes in Marine ins.
 

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Anchor Marine in Sea Brook 1-800-609-0036 or 281-291-9414 I just bought 21' Sea Pro and 150 Yamaha and tandem aluminum McClain trailer 500 deduct..350 emerg and towing assist. limit. Liability 100k, 5k med..$410 a year.. They do not discount the price paid for the boat for 3 years...My State farm..discounted every year and was higher. Witts said the deal very because they are boat specialist adjusters.. If you find something better post it!
 

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One thing you need to check is how far offshore they will cover you. This may or may not be an issue for you. You must ask the direct question. Most agents assume so ask them to point it out in your policy. We went with BoatUS, they seem to be well informed on the blue water thing and had an ok price. BoatUS covers you as long your not in foreign waters.
scott
25 Grady White
 

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I have USAA and am pleased with them. I have replacement coverage on mine 97 w/ yami250 and it is around $250 a year. I have made a claim with them and I had my replacement stuff within 3 days. Even if they cost me more I would stay with them because of their service. I have my cars, home, boat, motor and trailer all through them and they give you a pretty good discount for multiple policies. I have not found anyone to beat their price for me anyhow with combined coverages.
 

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I just changed companies to Anchor Marine in Sea Brook 1-800-609-0036 as stated above. They were about 30% cheaper than Consumer County and offered better coverage. I asked specifically about coeverage offshore because Consumer County ended at the Jetties. Anchor provided coverage to 100 mi on a 23ft boat.
 

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I have my truck and boat insured through USAA. Truck insurance is over $2,400/yr- that is with no tickets and 1 claim that was not my falut over 4 years ago (cant wait to hit that 25 yr old mark LOL). My 22' ProSports insurance is only $400/yr, $500 dedct on boat and motor and $250 on trailer. Break it down and its less than $40/month, which is equilivent to about what bait for one trip costs. I believe its pretty reasonable.

Their service is top notch IMHO.

Zach
 

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What about my member?
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Just a few things to point out. I searched high and low for insurance for a couple of guys on this board to cover their offshore boats and it is hard to find. The best and cheapest market I know if is Traveler's but they are very selective on who they write and from what I hear if you have claims, it can be an issue. Progressive writes great policies for inshore and near shore(up to 25 miles out)
and Foremost is cheap but does not cover offshore waters. Great Lakes Reinsurers are great but pricey. American Modern Home is another good market that will write the coverage for offshore but good luck finding an agent who has access. Basically, what I have found is that Alton Porter has a market and insures a ton of boats along the TX coast. I tried to compete but Travelers is closed to new contracts in the Houston area.
 

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Ok, see if this makes sense. I had a policy writen by Voyager Marine, through Consumer County Mutual, to American Modern Home. The coverage was lousy, inland waters only, and wasn't cheap. I called anchor Marine, they didn't understand how on earth I could have such a complicated mess since Consumer County is supposed to be writingRV policies or something like that. Anvhor wrote a new policy direct with American Modern Home, and the cost went down a couple of hundred dollars and I got offshore coverage.
 

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Progressive not so hot

My first advice to you is read your policy through cover to cover. You don't want any surprises come claim time and there is a load of fine print. Secondly, I have found that Travelers Insurance Co. provides coverage that is superior in many ways to Progressive and is much more competitively priced. Let me know if you want more information.
 

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Vendor
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Progressive

I have had several experiences with Progressive claims. I own an insurance agency (not Progressive). All I can say is stay alert if you have a claim. They pay fast if they pay but usually don't pay enough. Just info from my last 12 experiences for what that's worth. Btw, Anchor has good rates but they use non-admitted companies. Just be aware they're carrier may non-renew you next year for no apparent reason. (happened to me) Non-admitted companies have the right to do so. Not on a soapbox, just wanted to pass on my experiences. Good luck!
Brice
 

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bait chunker n fish yanker
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I hate to say this, and owning an insurance agency, I think you will agree. But maybe it was the agent, and not Progressive the was at fault on those claims there. It is the agent's job to make sure his customer understands his coverages BEFORE they have a problem. It is always a terrible thing to find out you dont have coverage WHEN you need it, and how it may have been available for just a few bucks more. Progressive offers different types of coverage for the same boat. You can get actual value, which is basically book less depreciation. You can get agreed value, which is the next step up if your boat qualifies. This is a value of your boat (sales receipt required) on a total loss. The best coverage you can get on a new boat, and the one I reccommend if your boat qualifies is replacement cost coverage. This will replace you boat, motor , and/or trailer within the first 5 years with another boat of similar model and type as close as possible on a total loss claim. no need for "gap insurance" with coverage like that.

A correction on an earlier statement made... Progressive will cover your insured boat up to 75 miles offshore also... that is a good distance for alot of anglers out there, but some with larger boats may prefer more distance, in that case, you need to find a different company.

Roadside Assistance is included with your policy and will cover not only your insured boat/trailer, but your tow vehicle as well, even if it is not insured with Progressive.

Fishing equipment coverage is available, where some companies do not offer it.

There are coverages that can be misunderstood, and they are as simple as asking your agent... If your agent does not know the answer, he should find out for you immediately.

Having a problem with past claims definitely calls for a change. but you have to decide if it was the insurance company or the agent, or both that fell short. I sell progressive, but not exclusively. I handle other companies that insure boats as well, and all of their stipulations and coverages are just a little bit different. A few questions in the beginning can save lots of headaches in the future.
 
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