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Insurance on homebuilt boat
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MMT Pro Member
Joined: Sun Mar 28, 2010 5:56 pm Posts: 88 
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 Insurance on homebuilt boatHas anyone had to deal with getting insurance on a homebuilt boat? If so what did you need to do and who is your provider.
My agent is having issues getting me coverage on a homebuilt 18x52 with new gtr and McClain. |
| Fri Jul 11, 2014 6:01 pm |
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MMT 1000 Club  Joined: Wed Jan 14, 2009 8:18 pm Posts: 4915 Location: Lake Jackson, TX
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Re: Insurance on homebuilt boat I tried with my old boat but nationwide said no. You might be able to work a deal with an established builder...
_________________ 37 PD EFI FPR 18x48 Tiller SOLD -- 36 PD EFI FPR 18x48 Stick Steer SOLD -- 27 PD FPR 16x36 Skiff |
| Fri Jul 11, 2014 6:06 pm |
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MMT Pro Member
Joined: Sun Mar 28, 2010 5:56 pm Posts: 88
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Re: Insurance on homebuilt boat Surely somebody will cover it
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| Fri Jul 11, 2014 6:37 pm |
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MMT Sponsor
Joined: Tue May 24, 2011 6:43 am Posts: 1604
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Re: Insurance on homebuilt boat I hear this complaint from alot of people that try to save a buck and buy a boat that is not made from a manufacturer. What the insurance company is looking for is some sort of established value, so what will happen is the insurance company will hire (at your expense of course) an independant marine surveyor to establish that 1) the boat is sea worthy, and 2) what it is worth.........not all companies do this, so shop around for one that will insure you with the least amout of trouble.
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| Fri Jul 11, 2014 6:52 pm |
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MMT 1000 Club  Joined: Mon Jan 21, 2013 6:22 pm Posts: 1094 Location: El Dorado-ish, AR
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Re: Insurance on homebuilt boat Allstate! 224 a year for $21500 worth of coverage on my DFOU special!
Sent from my XT907 using Tapatalk _________________ '13 GTR35 Stage 2 w/ EVT Exhaust, 1750 Voodoo Custom by DFOU!! |
| Fri Jul 11, 2014 7:05 pm |
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MMT Pro Member
Joined: Sun Mar 28, 2010 5:56 pm Posts: 88
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Re: Insurance on homebuilt boat Thanks for the help. I'll keep shopping and check with allstate
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| Fri Jul 11, 2014 7:29 pm |
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MMT Elite Member  Joined: Thu Feb 02, 2012 12:53 am Posts: 7565 Location: Prairieville, LA
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Re: Insurance on homebuilt boat Allstate didn't have any trouble insuring mine either.
Sent from my iPhone using Tapatalk |
| Fri Jul 11, 2014 7:37 pm |
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MMT 1000 Club  Joined: Sun Feb 26, 2012 10:49 pm Posts: 1715 Location: Kingwood,TX
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Re: Insurance on homebuilt boat Farm bureau has mine .. Like $180 yearly and all I did was snap a couple pics and tell them what the total value was $18000
_________________ 1744 WC Custom 25 GTR |
| Fri Jul 11, 2014 7:48 pm |
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MMT 1000 Club  Joined: Wed Feb 18, 2009 6:43 pm Posts: 3958 Location: Centerville, La
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Re: Insurance on homebuilt boat State Farm
265 a year. _________________ I gave up mud motors |
| Sat Jul 12, 2014 5:58 am |
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MMT Pro Member
Joined: Tue Sep 04, 2012 11:48 am Posts: 132 Location: Big BR
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Re: Insurance on homebuilt boat Try markel insurance. That's who usaa sent me to when they didn't have a policy for my boat.
Sent from my iPhone using Tapatalk _________________ Gatortail Extreme 1854 w/ GTR 37 efi or 90hp Yamaha Godevil 1860 w/ gd 35 sd with a Mikuni Carb Sold |
| Sat Jul 12, 2014 7:13 am |
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MMT Sponsor  Joined: Mon Jun 13, 2011 8:49 am Posts: 3260
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Re: Insurance on homebuilt boat Charter lakes
_________________ http://www.gatorglide.com/ gatorheads@comcast.net |
| Sat Jul 12, 2014 7:31 am |
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MMT 1000 Club  Joined: Sat Oct 02, 2010 4:55 pm Posts: 1192 Location: BAYOU BLACK
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Re: Insurance on homebuilt boat All state wanted 750 a year for mine
_________________ 35gtr on a 1854 Deep South Custom 1436 flat pushed by a 16 GDLT |
| Sat Jul 12, 2014 8:24 am |
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MMT Elite Member  Joined: Sun Jul 29, 2012 12:06 pm Posts: 6584
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Re: Insurance on homebuilt boat I pay 350$ a year for 20000 coverage
Sent from my iPhone using |
| Sat Jul 12, 2014 9:22 am |
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MMT Pro Member  Joined: Sat Oct 15, 2011 8:05 pm Posts: 131 Location: West St. Paul, MN
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Re: Insurance on homebuilt boat $204 a year for $20,000 of coverage with State Farm on my Uncle J.
_________________ 1854 Uncle J pushed by a gen 3 PD |
| Sat Jul 12, 2014 9:34 am |
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MMT Elite Member Joined: Thu Feb 02, 2012 12:53 am Posts: 7565 Location: Prairieville, LA
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Re: Insurance on homebuilt boat Correction: Mine is State Farm, not Allstate.
$170 per year for $17,000 replacement and $300,000 liability/personal injury. Sent from my iPhone using Tapatalk |
| Sat Jul 12, 2014 9:52 am |
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MMT 1000 Club  Joined: Sun Feb 03, 2013 1:26 pm Posts: 3084 Location: Down South
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Re: Insurance on homebuilt boat State Farm an forgot what I pay but it ant much compared to my coverage
_________________ 1852 Dfou custom 35gtr |
| Sat Jul 12, 2014 3:52 pm |
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MMT Addict  Joined: Sat Oct 30, 2010 1:17 pm Posts: 578 Location: Monroeville, Alabama
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Re: Insurance on homebuilt boat Mine is with Allstate, it's like $200 a year.
_________________ Uncle J 17x54 GTR 35 |
| Sat Jul 12, 2014 6:36 pm |
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MMT Pro Member
Joined: Sun Mar 28, 2010 5:56 pm Posts: 88
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Re: Insurance on homebuilt boat Charter lakes got me covered. Good people to work with.
Thanks |
| Tue Jul 22, 2014 5:12 am |
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MMT Pro Member
Joined: Tue Nov 23, 2010 6:59 pm Posts: 252
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Re: Insurance on homebuilt boat Just insure the boat for a set value not the value of the boat that is what people up here do. That way it won't depreciate each year and if you total it you get half what it's worth.
Sent from my iPhone using Tapatalk |
| Tue Jul 22, 2014 6:33 am |
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MMT Pro Member
Joined: Tue Nov 23, 2010 6:59 pm Posts: 252
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Re: Insurance on homebuilt boat Just insure the boat for a set value not the value of the boat that is what people up here do. That way it won't depreciate each year and if you total it you get half what it's worth.
Sent from my iPhone using Tapatalk |
| Tue Jul 22, 2014 6:33 am |
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