Boat insurance

[Crow Terminator]

Do any of you guys have extra insurance for the electronics/etc on your boat? My boat is new and the bank required full coverage insurance on the boat itself but my policy just covers the hull, outboard, and trailer. Not the contents of the boat. As high as these sonar units, etc are now, I easily have $10k in my electronics. That's not counting tackle, etc.

If you did, who did you get it through and how much does it cover and what is the cost per yr? I currently have my vehicles and boat through Farm Bureau.

 

[TRIGGER]

Yes everything on and in my boat is covered.
Just have Farm Bureau add the extra equipment on to your policy. It won't be much at all.

 

[woodyard]

Farm Bureau here also. Just updated coverage in Feb after adding more equipment.

 

[7mm08]

FB is who I use although my most expensive electronic equipment is my MinnKota Ulterra.

Although I need to make sure about what I have it insured for. I saw one on boat trader, older than mine , and without power pole, trolling motor , and more hours than on my engine for $10,000 more than I paid for mine! I knew there was a shortage but goodness!

 

[TNReb]

Like others said.. everything in and on mine is covered. My electronics, tackle, etc.

Make sure your agent clearly understands what you're wanting to insure.

 

[Crow Terminator]

Good to know FB will do it. I will call em Monday and get it set up. My wife looked at my new Humminbird Solix and said "you gave how much for that little thing...and our TV is a 70" that was only $500?". Ouch.

 

[Pilchard]

I always used progressive. They would insure everything and also cover on the water towing. Oh, and they were also priced similarly to all the others.

 

[RUGER]

Like others said.. everything in and on mine is covered. My electronics, tackle, etc.

Make sure your agent clearly understands what you're wanting to insure.

Also need to find out what they will actually pay out too.
Just because you have 15K worth of coverage they will only pay bluebook value, kinda like renters insurance.
Getting them to tell the truth is the challenge.

 

[Harold Money jr]

Not to hijack this thread but, my farm bureau agent doesn't have his wake boat insured through farm bureau. I'm planning to at least look around. I'm curious what others have.

 

[THE DUKE]

What's the ballpark price everyone is paying.

 

[7mm08]

I always used progressive. They would insure everything and also cover on the water towing. Oh, and they were also priced similarly to all the others.

Towing……. Must of had a Mercury!!

What's black and never shows up for work? Mercury!

 

[TRIGGER]

Also need to find out what they will actually pay out too.
Just because you have 15K worth of coverage they will only pay bluebook value, kinda like renters insurance.
Getting them to tell the truth is the challenge.

I learned this the hard way. They ask me how much coverage i wanted on it and let me pay the premium on that amount but when I needed it they would only give me what it booked for which was WAY less than the coverage I had been paying the premium on. Ticked me off but that's how they all work.

 

[RUGER]

I learned this the hard way. They ask me how much coverage i wanted on it and let me pay the premium on that amount but when I needed it they would only give me what it booked for which was WAY less than the coverage I had been paying the premium on. Ticked me off but that's how they all work.

Yep, they definitely take your money under false pretenses.

 

[bluball]

I learned this the hard way. They ask me how much coverage i wanted on it and let me pay the premium on that amount but when I needed it they would only give me what it booked for which was WAY less than the coverage I had been paying the premium on. Ticked me off but that's how they all work.

I have agreed value with world wide marine,it pays an agreed value if totaled,not the book value

 

[Planking]

I would look for an agreed value policy to keep from getting screwed. I don't add my electronics either because after the deductible its not really worth the premium.

 

[Gravey]

Not to hijack this thread but, my farm bureau agent doesn't have his wake boat insured through farm bureau. I'm planning to at least look around. I'm curious what others have.

Ski Safe is who mine is through. I have Farm Bureau but he couldn't come close to Ski Safe.