Bass Fishing Forum

General Bass Boat Discussion => Boat Ramp => Topic started by: Princeton_Man on May 21, 2019, 06:25:02 AM

Title: I'm shopping bassboat insurance again
Post by: Princeton_Man on May 21, 2019, 06:25:02 AM
I've been a State Farm customer most of my life and have had not issues with them but, each year my policies seem to have new amendments and changes to endorsements that end up nibbling away at my coverage. My renewal comes up next month and along with my bill is a "Your policy has changed" and "By paying this amount you are accepting the new policy".

The new policy suggests they will pay an adjusted agreed upon amount and groups my motor and boat together. Reading through the policy it appears coverage only applies to the boat, motor, and trolling motor. Electronics are not mentioned and all fishing gear and accessories is excluded. I'm guessing they consider the electronics fishing gear too now.

I'm emailing my State Farm agent for some answers but, I wonder if I can do better elsewhere?
 
Title: I'm shopping bassboat insurance again
Post by: WTodd on May 21, 2019, 06:35:37 AM
I’ve had SF for my vehicles for over 35 years but have Progressive for the boat....good coverage and decent price. All my tackle and rods are covered and personal affects....and on the water towing.

Check them out


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Title: Re: I'm shopping bassboat insurance again
Post by: Mike Cork on May 21, 2019, 09:20:11 AM
Living here in "I'll take you lower unit any minute" land... Progressive has a "Sign and Glide" coverage option, basically no questions, if the lower unit goes they put a new one on. So that is significant for me.

Their over all coverage and pricing is good as well.

One thing I do recommend is getting with your mechanic and asking him who he likes for adjusters. If you mechanic gets along with the adjuster then life is better when/if you need them.
Title: Re: I'm shopping bassboat insurance again
Post by: Wizard on May 21, 2019, 10:31:38 AM
I've tried several companies and had my share of claims. Some companies pay fairly, others low ball you. I finally settled on American Family. Most insurance companies charge for each type of benefit. Basic boat insurance, towing on land, towing on the water, fishing gear, electronics, yada yada. American Family has a coverage that rolls everything into one package, And they pay fairly. You can also lower cost by bundling home, cars, boats, vacation homes together. If you're looking for a different company, they are worth checking out.

Wizard
Title: Re: I'm shopping bassboat insurance again
Post by: SteveTX on May 21, 2019, 11:11:55 AM
I'm with Progressive as well. Ive known my agent long before he was in insurance so that helps me. But honestly like Mike and Todd said the policy to me was good. I asked hey my motor is almost 20 years old (2000 model) if I knock the lower unit off on a stump does it cover it? No hesitation, "Yes sir not only will it be completely repaired but any damage to the boat. And any thing that went overboard up to your set limit of coverage on gear." There is a limit on $ of tackle and belongings you want covered. You select how much coverage you want on the carry on items but it was cheap. I actually upped mine last time to I think $2500. I believe the basic package amount was $1000. But that is just for like if the stuff falls out of the boat like gear, tackle boxes, cell phones, rod and reels, etc. The boat (fish finders included), and motor are all covered separate from gear. And the price was very competitive. I believe mine is $225 for a year.
Title: Re: I'm shopping bassboat insurance again
Post by: FlatsNBay on May 21, 2019, 07:28:44 PM
That's why I love Ultimate Bass. Plenty of helpful info right there!

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Title: Re: I'm shopping bassboat insurance again
Post by: FD on May 22, 2019, 03:10:00 AM
I have Farm Bureau for everything and love them.

A couple of months ago my daughter got in a fender bender in a parking lot. Just some scratches and a ding in the plastic bumper cover. It wasn’t bad enough to worry about fixing but I called them to report it just in case. They called and talked to her. She sent them pictures. A week later I got a check.  It doesn’t get any easier than that.


Sent from the end of the paved road...
Title: Re: I'm shopping bassboat insurance again
Post by: Princeton_Man on May 22, 2019, 09:15:22 AM
Living here in "I'll take you lower unit any minute" land... Progressive has a "Sign and Glide" coverage option, basically no questions, if the lower unit goes they put a new one on. So that is significant for me.

Their over all coverage and pricing is good as well.

One thing I do recommend is getting with your mechanic and asking him who he likes for adjusters. If you mechanic gets along with the adjuster then life is better when/if you need them.
I've gotten a quote from them based on agreed value of $24k for boat and motor, upped liability to 100/300/100, $5K for gear, $4K personal items, sign and glide. $250 deductibles for comp and collision. It seemed a little high at $442 but, everything is defined and nothing is excluded.

I spoke with my Evinrude/Stratos shop and he tells me that Progressive is tight with claims. He said that in many cases they elect to repair and rebuild rather than replace where other companies will elect to simply replace. He'e currently rebuilding a Yamaha for a Progessive claim that should have been replaced. It will save Progressive some change and but idles the boater during the rebuild.

So it looks like Progressive's coverage is better, and better defined but, there's some uncertainty about how they might handle claims in this area. I'm waiting on my State Farm agent to call me back. I'm going to try for better defined policy and coverage amounts but, if they can't define coverage for electronics, gear, etc. in the policy I'm probably going to go with Progressive at this point. 
Title: Re: I'm shopping bassboat insurance again
Post by: Mike Cork on May 22, 2019, 12:11:17 PM
Give a lot of credit to what your mechanic says, if he don't like the guys that come to the shop and make the decisions than it's worth it to keep looking.

They work for me and my mechanic but it's different everywhere.
Title: Re: I'm shopping bassboat insurance again
Post by: Princeton_Man on May 22, 2019, 12:42:18 PM
My shop said that State Farm was one of the best they deal with. They also said Erie was good.

I just had an "all cards on the table" discussion with my State Farm agent. I told them I wanted to give them the opportunity to keep my business and explained how their exclusions and amendments have forced me to shop for better coverage. I explained that I want to see the coverages broken down and actually defined in my policy.

I went down through my Progressive quote and gave her an itemized list of the coverages, amounts, and deductibles. She agreed that Progressive's coverage options sound a lot better than State Farm's but said she will work on it and call me back. We'll see.
Title: Re: I'm shopping bassboat insurance again
Post by: Mike Cork on May 22, 2019, 12:49:43 PM
Keep us posted. I tried going with State Farm here and it was almost $400 more. Now that said, when they lined up the states from least to most expensive for insurance on vehicles, Louisiana was most expensive. I would imagine we're pretty high in the boat market too, always someone taking a lower unit off. Hell, I broke off 4 before I figured out how to drive down here... ~b~
Title: Re: I'm shopping bassboat insurance again
Post by: BarryFL on May 22, 2019, 07:59:53 PM
Your Progressive estimate is a little high. I just put my new boat on Progressive, $45k agreed/replacement value,  $10k for tackle, $5k personnel effects, $250k/500k liability, $100k property damage, glide/sign and towing for less than $400 annually.

~Barry~

Title: Re: I'm shopping bassboat insurance again
Post by: Princeton_Man on May 22, 2019, 08:26:25 PM
Your Progressive estimate is a little high. I just put my new boat on Progressive, $45k agreed/replacement value,  $10k for tackle, $5k personnel effects, $250k/500k liability, $100k property damage, glide/sign and towing for less than $400 annually.

~Barry~
There are a lot of things that affect the premium. Credit history and location of our country are biggies. My credit history is top shelf but I'm guessing this area has more than  it's share of folks who make a living on insurance claims. I'd bet if you had told them you lived in Princeton, WV it would have been higher.
Title: Re: I'm shopping bassboat insurance again
Post by: BarryFL on May 22, 2019, 09:37:10 PM
You're right, just giving you some recent info to compare to.

~Barry~

Title: Re: I'm shopping bassboat insurance again
Post by: Princeton_Man on May 24, 2019, 01:47:50 PM
Well.... I received a call back from my agent yesterday evening. Bless her little heart.

I feel like sure's truly trying....

It seems State Farm has either changed underwriters or is in the process of changing how they write boat policies and agents (at least mine) are pretty much clueless and she doesn't mind admitting it. She contacted someone in home office and came up with a policy based on me having 300hp.  :o   It seems since they figured that since I added a new trolling motor it must be as powerful as the big motor on back. ~b~ They didn't even have a clue as to what a trolling motor is. She did update and add some coverages like fishing gear, electronics, and personal property. Of course the price was over $600/yr and that included all of my discounts. She's supposed to call back again today.  lo

I'm leaning heavily toward Progressive at the moment.

Title: Re: I'm shopping bassboat insurance again
Post by: BarryFL on May 24, 2019, 02:36:35 PM
You can plug in everything online with Progressive and it'll spit you out an instant quote. Then you can select one payment three payments four payments. Give them your information and payment method and you're good. Too simple.

~Barry~

Title: Re: I'm shopping bassboat insurance again
Post by: Princeton_Man on June 04, 2019, 07:19:43 AM
Just as a follow-up here, I think my State Farm agent gave up.


I signed up with Progressive this time around. I received a very detailed declaration of coverages that clearly states what is covered and for how much and a very detailed policy. Hope I never need it.
Title: Re: I'm shopping bassboat insurance again
Post by: Captsteve on June 04, 2019, 10:09:03 AM
I use GICO, although I've never had to make a claim

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Title: Re: I'm shopping bassboat insurance again
Post by: ʇuǝɹq™ on June 04, 2019, 12:48:32 PM
The last two times I called Progressive and GEICO for a quote, they quoted me over $1K for a year on a 2004 Skeeter valued around $10K. I said thanks, but no thanks.
Title: Re: I'm shopping bassboat insurance again
Post by: Mike Cork on June 04, 2019, 01:25:50 PM
That's crazy Brent? We're in the same area and I do a set $45000 value and get it for much less? I wonder what you're doing different?

I have personal effects, additional items, even sign and glide (no hassle on the lower unit).

We need to have a beer and BS about it.
Title: Re: I'm shopping bassboat insurance again
Post by: ʇuǝɹq™ on June 04, 2019, 01:27:37 PM
Yes we do. We're overdue for that. They said it's so high due to the high number of claims we get down here in our region.
Title: Re: I'm shopping bassboat insurance again
Post by: BarryFL on June 05, 2019, 02:04:56 PM
I recommend getting a quote on line not through a human. I have never talked to anyone at Progressive and I pay $400 annually for $45K agreed value, $10K fishing gear, $5K personal effects, sign glide, and lower unit plus $100k/$300k comp.

~Barry~