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Old 01-05-2017, 06:46 PM   #1
Obx
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City: Outer banks NC
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Need Insurance

Can some of you tell me where to start looking for Insurance, We're purchasing a 89 grand banks and need insurance.

Can someone recommend companies
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Old 01-05-2017, 06:53 PM   #2
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U.S Boat insurance trough geico. Decent and they're not asking for an off water survey. But off course, I recommend shopping around
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Old 01-05-2017, 07:00 PM   #3
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Reach out to Pau Hana here on the forum. He is a broker and does know his way around marine insurance.

Did that last Feb and ended up with GEICO. It is up for renewal so I may be asking them to do a new check.
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Old 01-05-2017, 08:28 PM   #4
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I contacted three companies, one of which looked at the survey and said I would need a 'port risk' rated policy with requirements for 1) repairs to be made and 2) for training and certification by USCG approved Captain, another of which said 'most likely port risk' and never followed up with me, and another who reviewed the hull survey and said "okay, you're approved for a standard policy, no port risk" and also gave me a quote equal to the first place, except no port risk, no repairs required AND a lower deductible ($5K). Surprisingly, that insurer was State Farm.

My boat is a 1978 custom cruiser at 53' LOA, with triple nickel mains. I am a first time boat-owner and living aboard, so it is my primary residence.

Hopefully I will never have to make a claim (ha. ha.)
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Old 01-05-2017, 08:44 PM   #5
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Quote:
Originally Posted by menzies View Post
Reach out to Pau Hana here on the forum. He is a broker and does know his way around marine insurance.

Did that last Feb and ended up with GEICO. It is up for renewal so I may be asking them to do a new check.
Pau's role in the industry has changed, but his knowledge remains. I suggest a quality broker in your area, comparable to what Pau was.
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Old 01-05-2017, 10:46 PM   #6
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Suggestion: Find a good broker... request quote from SAFECO. Good luck!
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Old 01-06-2017, 02:49 AM   #7
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Then check with the company who insures your house and your car and see if a bundled policy is your best deal. It was for me... Two cars, one motorcycle, the house and one boat, and my current insurer was my best deal for the whole package.
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Old 01-06-2017, 09:14 AM   #8
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NBOA under writes with Progressive. If you are going through a yacht broker, ask them who they recommend.
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Old 01-06-2017, 11:28 AM   #9
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I've had ACE through Heritage Marine for 5 years. They requested an out-of-water survey to renew for the 6th year so I decided to shop around. I just signed with Geico marine through US Boat and saved $500 annually on the premium. They did require an in-water survey. I paid $630 to have the survey done.

I've heard Progressive provides good rates and there's a good chance they won't ask for a survey.
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