Boat Insurance

Nitro911 · 02-09-09, 04:16 PM

Insurance is one of the unpleasant expenses associated with fishing. The good news is that I just had what is probably the best insurance experience I have ever had, and I thought I should tell you guys about it.

In 2008 I switched my boat insurance from USAA to BoatUS and saved $185, improving my coverage as I did so. I just talked to Worldwide Marine Underwriters, and they shaved another $60+ from my premiums, again, improving my coverage.

If you are in the market for insurance for your boat (they only do boats), I highly recommend Worldwide Marine. Bob Luellen is the guy to talk to and he can be reached at 800-339-1235. It is cold in Michigan this time of year, so he isn't fishing anyway.

Bender · 02-09-09, 05:45 PM

I'm with Bob too, no complaints at all and great people to work with.

jcw1503 · 02-09-09, 05:59 PM

does every state require boat insurance?

Nitro911 · 02-09-09, 06:02 PM

I know a lot of tournaments do, as well as if you have a loan on the boat the lien-holder will require one. I don't know if ANY state has required insurance, otherwise.

lowrider · 02-10-09, 05:28 PM

my state is by horsepower. 50hp and over requires at least liability. my rig cost me a whopping $12 a month for full coverage including the trailer, so why not have it?

aikenyounggun · 02-10-09, 06:09 PM

im glad i dont have to worry about boat insurance, yet.... but i guess it will be a good thing b/c when i do it means i have my own boat...

zooker · 02-10-09, 06:18 PM

i switched last winter to world wide also.. they take in account tackle being stolen.. lets face it some of us have more money tied up in tackle than we have in the boat..

zooker

3dkicker · 02-10-09, 10:33 PM

Quote:

Originally Posted by Nitro911

In 2008 I switched my boat insurance from USAA to BoatUS and saved $185, improving my coverage as I did so. I just talked to Worldwide Marine Underwriters, and they shaved another $60+ from my premiums, again, improving my coverage.

Just curious but what is your coverage and what's your premium? You pay once a year? Or monthly? A rough idea would help.

Denny_K · 02-11-09, 07:27 AM

I'm with State Farm, it only cost me $6.00 a month. I can live with this, everthing I have is insured with them. Denny

Nitro911 · 02-11-09, 10:12 AM

Quote:

Just curious but what is your coverage and what's your premium? You pay once a year? Or monthly? A rough idea would help.

Ok, here we go...

The first part you will have to get Bob to explain, because I am sure he can do a better job than I can. There is an "agreed value" on my boat, with no depreciation, of 36,500. If the boat is totaled, that is what I get paid, not the depreciated value of the boat. If you buy a $50,000 boat and it is stolen a year later and the insurance company values it it at 38,000, you still owe $12 grand on a boat that you no longer own. I am sure this coverage is more expensive, but worth it to me.

I have $300,000 in liability (tournament requirement) and the same in uninsured boaters. $2500 in equipment coverage (in case stuff gets stolen). Unlimited roadside assistance. $500 on water towing.

$347/yr. Payment plans are available. That is for a 2004 boat with a 225 Opti. Your mileage may vary.

Hope that helps.

3dkicker · 02-11-09, 04:34 PM

That's a good price for the coverage. Thanks for sharing.

jasonfish320 · 03-20-09, 09:32 AM

I just moved my insurance over to Bob, what a great guy! Excellent deal too...$15,000 coverage on my baby with 300,000 liability and non-insured boater coverage for $368/year...He also wanted to thank you Nitro for leading me over to his company..

bamabassman · 03-20-09, 01:03 PM

mna i am gonna call this guy as soon as i can, thank you nitro. i don't have that much of a oney boat, but the liabilty and gear would be well worth the price. this is something i really need to do.

ejvesper · 03-20-09, 01:42 PM

Sounds like Bob's going to be to busy to be fishing for awhile.....

Bob Smith · 03-20-09, 08:20 PM

I'm with Progressive and this thread is timely. I need to increase my Liability coverage for the tournaments out here in Georgia/Alabama. Right now I have 25K Liability, 25K personal injury, replacement coverage on a 12 year old boat and 1K contents for $254/yr. I believe that this Bob Luellen might be able to help me increase my coverage and compete with my current rate.

bingham · 03-22-09, 12:52 AM

i know it isnt required here in alabama but what are the pros and cons about having the insurance? i have a 1990 ranger with a newer maybe 2001 yamaha 175 pro v ... is there a need in me getting insurance? and could bob help me even being all the way down here?

jasonfish320 · 03-23-09, 12:50 PM

Quote:

Originally Posted by bingham

i know it isnt required here in alabama but what are the pros and cons about having the insurance? i have a 1990 ranger with a newer maybe 2001 yamaha 175 pro v ... is there a need in me getting insurance? and could bob help me even being all the way down here?

Yes, I'm sure he can help you...and YES you should have insurance on your rig even if you don't fish tourneys.. The really good thing about working with Bob's company is the "Agreed Value"..this value is what you agree on...so if you have made some modifications to your boat and know that you need more than what it books for you can get it covered, whereas most insurance companies do a depreciated value based on NADA book and you end up getting short changed if you have a total-loss.

I think the biggest PRO is simply peace of mind...

02-09-09, 04:16 PM	#1
Nitro911 BassFishin.Com Veteran Member Join Date: Feb 2004 Location: San Antonio Posts: 535	Boat Insurance Insurance is one of the unpleasant expenses associated with fishing. The good news is that I just had what is probably the best insurance experience I have ever had, and I thought I should tell you guys about it. In 2008 I switched my boat insurance from USAA to BoatUS and saved $185, improving my coverage as I did so. I just talked to Worldwide Marine Underwriters, and they shaved another $60+ from my premiums, again, improving my coverage. If you are in the market for insurance for your boat (they only do boats), I highly recommend Worldwide Marine. Bob Luellen is the guy to talk to and he can be reached at 800-339-1235. It is cold in Michigan this time of year, so he isn't fishing anyway. __________________ San Antonio, Texas STFH

02-09-09, 05:59 PM	#3
jcw1503 BassFishin.Com Veteran Member Join Date: Oct 2008 Location: South Carolina Posts: 617	does every state require boat insurance? __________________ The charm of fishing is that it is the pursuit of what is elusive yet attainable, a perpetual series of occasions for hope....

02-09-09, 06:02 PM	#4
Nitro911 BassFishin.Com Veteran Member Join Date: Feb 2004 Location: San Antonio Posts: 535	I know a lot of tournaments do, as well as if you have a loan on the boat the lien-holder will require one. I don't know if ANY state has required insurance, otherwise. __________________ San Antonio, Texas STFH

02-10-09, 06:09 PM	#6
aikenyounggun BassFishin.Com Super Veteran Join Date: Jan 2009 Location: aiken, SC Posts: 2,051	im glad i dont have to worry about boat insurance, yet.... but i guess it will be a good thing b/c when i do it means i have my own boat... __________________ <>< Rather be Fishing ><>

02-10-09, 06:18 PM	#7
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	i switched last winter to world wide also.. they take in account tackle being stolen.. lets face it some of us have more money tied up in tackle than we have in the boat.. zooker __________________ the godfather.. aml in remission since 7-20-09

02-09-09, 05:45 PM	#2
Bender BassFishin.Com Super Veteran Join Date: Jul 2005 Location: Brighton, MI Posts: 2,414	I'm with Bob too, no complaints at all and great people to work with.

02-10-09, 05:28 PM	#5
lowrider BassFishin.Com Veteran Member Join Date: Jul 2007 Location: South Arkansas Posts: 937	my state is by horsepower. 50hp and over requires at least liability. my rig cost me a whopping $12 a month for full coverage including the trailer, so why not have it?

02-11-09, 07:27 AM	#9
Denny_K BassFishin.Com Active Member Join Date: Nov 2005 Posts: 324	$ I'm with State Farm, it only cost me $6.00 a month. I can live with this, everthing I have is insured with them. Denny

02-11-09, 04:34 PM	#11
3dkicker BassFishin.Com Super Veteran Join Date: Jun 2006 Location: Spotsylvania, VA Posts: 4,483	That's a good price for the coverage. Thanks for sharing. __________________ Smitty www.smittystubes.com

03-20-09, 09:32 AM	#12
jasonfish320 BassFishin.Com Veteran Member Join Date: Apr 2007 Location: MAINEIAC Posts: 585	I just moved my insurance over to Bob, what a great guy! Excellent deal too...$15,000 coverage on my baby with 300,000 liability and non-insured boater coverage for $368/year...He also wanted to thank you Nitro for leading me over to his company.. __________________ "If at first you don't succeed; have another beer"

03-20-09, 01:03 PM	#13
bamabassman BassFishin.Com Premier Elite Join Date: Jan 2008 Location: cedar bluff, alabama Posts: 15,292	mna i am gonna call this guy as soon as i can, thank you nitro. i don't have that much of a oney boat, but the liabilty and gear would be well worth the price. this is something i really need to do. __________________ so many lures, so little time.

03-20-09, 01:42 PM	#14
ejvesper BassFishin.Com Member Join Date: Mar 2009 Location: Monmouth, Maine Posts: 66	Sounds like Bob's going to be to busy to be fishing for awhile..... __________________ All those who live must die...all those who die may not have lived.....Fish

03-20-09, 08:20 PM	#15
Bob Smith BassFishin.Com Super Veteran Join Date: Nov 2007 Location: Cartersville, Georgia Posts: 1,472	I'm with Progressive and this thread is timely. I need to increase my Liability coverage for the tournaments out here in Georgia/Alabama. Right now I have 25K Liability, 25K personal injury, replacement coverage on a 12 year old boat and 1K contents for $254/yr. I believe that this Bob Luellen might be able to help me increase my coverage and compete with my current rate. __________________ Bob Smith a.k.a. "Porko" (vintage Strike King variety!)

03-22-09, 12:52 AM	#16
bingham BassFishin.Com Active Member Join Date: Feb 2009 Location: Cottondale, AL Posts: 323	i know it isnt required here in alabama but what are the pros and cons about having the insurance? i have a 1990 ranger with a newer maybe 2001 yamaha 175 pro v ... is there a need in me getting insurance? and could bob help me even being all the way down here? __________________ EAT, SLEEP, FISH

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