I'm in the process of rebuilding and restoring (sort of) a boat I picked up a few months ago. It's not worth a lot of $ but I'd like to have it insured because of the time and money I've been putting into it.
I called my current agent (home owners/car etc) apparently their company does not insure boats that are over 30 years old. I have another company I insure my business through because of the type of policy I'll call them tomorrow.
My question is: who do you all use for insurance? Any reputable companies to talk to and ones to stay away from?
I use State Farm since we use them for everything else.. I got a quote from BoatUS and it was a lot higher than State Farm.. I know boatus advertises covering gear in the boat as well, but so does state farm.. I can understand the 30 year rule, but do they offer liability insurance regardless?
I have my business through state farm. I'm going to call them today to see if they will help me out. I tried progressive but their prices were kind of crazy for anything other than basic liability. Almost 4x that of allstate for the same coverage but that doesn't matter because they won't insure me because it's over 30 years old....
I asked for a quote from boatUS but it says they will call me and of course i forgot my phone at home...
I used BoatUS insurance. I don't know about the 30 years for them, many companies will not insure older boats. Boat US insurance covers while you are towing and I think you can just buy towing insurance, at least you could.
I'm sure they will insure it. Allstate is the only one so far that's brought up the 30 yrs or younger rule. I'm waiting to hear back from my state farm agent on what they can do for me
BoatUS got back to me with 2 quotes. One Actual value the other Agreed value. Both are actually fairly respectable quotes. I'm leaning towards the slightly higher priced Agreed value policy for the obvious reasons. Regardless it was about half what Progressive wanted for a lesser policy and includes a nice chunk of coverage for environmental cleanup. Just in case.