Boat Insurance

codeman671 · 05-12-2010, 03:42 PM

We use Boat/US and Global Marine (quotemyboat.com). Global Marine uses a few different carriers. I typically get a quote from each and make my pick. I have never had a better quote through any of the normal agencies.

OCDACTIVE · 05-12-2010, 05:51 PM

state farm does very well for me.

robmac · 05-12-2010, 06:17 PM

I agree,all of my boats cars homes as well as my life are through State Farm and no other carrier has even come close.

Airwaves · 05-12-2010, 11:47 PM

Originally posted by FlyFisha

Quote:

I am having trouble obtaining affordable boat insurance. We have a family camp on island that has been in my wife's family for nearly 50 years. With the passing of the parents, everything now belongs to my wife and her brother so the boats are now registered to my wife and her brother as well. We are only looking for liability types of insurance as the boats are far from new (the newest being 1996).

Working through an agent, Progressive would not quote us because of the co-ownership of the boats. Foremost would quote us with co ownership but extremely high because of multiple drivers (nine of us drive one boat or the SeaDoo at some point). Has anyone else experienced the issue of not being about to insure a boat that was co-owned (other than husband and wife)? Also, I am sure there are other family cottages that have multiple drivers as well.

While on the topic, we are thinking of entering into a Trust situation for all of the cottage related properties. If you have done this, have you then had any problem getting insurance on the trust? Thanks in advance.

I would suggest to your wife and brother-in-law that they consider forming a S Corporation and placing all the assets they acquired into the corporate name. You will be able to get insurance if it's done that way.

SAMIAM · 05-13-2010, 08:52 AM

I like BoatUS because they cover you on the road, at all inland lakes and coastal waterways. If you decide to tow your boat to the ocean for a day of fun or maybe sneak down to Fla. for a little sunshine.....your local company won't cover you. Not a problem, though, if you stay local.

05-12-2010, 05:51 PM	#2
OCDACTIVE Senior Member Join Date: Feb 2009 Location: Fort Myers FL / Moultonboro Posts: 1,045 Thanks: 444 Thanked 574 Times in 178 Posts	state farm does very well for me. __________________ Have you had your Vessel Inspected Yet?

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05-12-2010, 03:42 PM	#1
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,604 Thanks: 223 Thanked 856 Times in 519 Posts	We use Boat/US and Global Marine (quotemyboat.com). Global Marine uses a few different carriers. I typically get a quote from each and make my pick. I have never had a better quote through any of the normal agencies.

05-12-2010, 06:17 PM	#3
robmac Senior Member Join Date: Jan 2005 Location: Nashua,Meredith Posts: 950 Thanks: 213 Thanked 106 Times in 81 Posts	I agree,all of my boats cars homes as well as my life are through State Farm and no other carrier has even come close.

05-13-2010, 08:52 AM	#5
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,937 Thanks: 349 Thanked 1,708 Times in 602 Posts	I like BoatUS because they cover you on the road, at all inland lakes and coastal waterways. If you decide to tow your boat to the ocean for a day of fun or maybe sneak down to Fla. for a little sunshine.....your local company won't cover you. Not a problem, though, if you stay local.