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05-12-2022, 07:04 AM
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#1
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Member
City: Naples, FL
Join Date: May 2022
Posts: 6
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Insurance for 1985 44' Trawler
We're finding that very few insurance companies are willing to insure the 44' '85 trawler we purchased. For those of you with a similar vessel, what insurance have you found? Was it liability only or full coverage? We're in the SW Florida area.
Thanks!
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05-12-2022, 07:19 AM
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#2
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Senior Member
City: Colonial Beach, VA
Vessel Name: Tatoosh
Vessel Model: 1979 49ft Marine Trader RPH
Join Date: Jun 2019
Posts: 321
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Have you tried going through BOAT US?
__________________
"Everything on your boat is broken.... You just don't know it yet."
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05-12-2022, 08:11 AM
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#3
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Member
City: Naples, FL
Join Date: May 2022
Posts: 6
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Yes, they won't touch a boat of that size and age.
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05-12-2022, 08:44 AM
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#4
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Member
City: Fort Lauderdale
Vessel Name: Nick of Time
Vessel Model: Vega 36 custom cruiser
Join Date: Sep 2013
Posts: 10
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MY 1963 Vega has a stated value policy with NO, named storm coverage.
I chose a high deductible ($5000), $60,000. stated value, around $1250 for
premium per year. Price has gone up about $200 in 6 years. I am with USAA/
Markel American Insurance. No claims, but good to talk with when I've had questions. I was in Fort Lauderdale, now I'm near Labelle
__________________
Mike
Fort Lauderdale
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05-12-2022, 08:53 AM
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#5
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Guru
City: Olympia
Vessel Name: Rendezvous
Vessel Model: Blue water 40
Join Date: Aug 2021
Posts: 518
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there are a lot of things underwriters consider when insuring a vessel, years of experience often go a long way.
there's an insurance guy on the forum, Peter, his handle is Pau Hana, he can be very helpful with these matters. he's a busy guy, so sometimes doesn't respond to pm's, but he's got an office number you can call. don't have the number handy right now, but can find it if needed.
my boat is much older than yours, and i have a good yacht policy on it. you'll need a good survey in hand, presumably you got one when you purchased the boat. if not you'll need to get that done.
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05-12-2022, 08:56 AM
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#6
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Member
City: Naples, FL
Join Date: May 2022
Posts: 6
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Thank you. If you have his number that would be very helpful!
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05-12-2022, 09:02 AM
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#7
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Guru
City: Olympia
Vessel Name: Rendezvous
Vessel Model: Blue water 40
Join Date: Aug 2021
Posts: 518
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Quote:
Originally Posted by nageldan
Thank you. If you have his number that would be very helpful!
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sent you a pm
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05-12-2022, 10:57 AM
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#8
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TF Site Team
City: Jacksonville
Join Date: Nov 2008
Posts: 10,516
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When we sold our 1987 last year the buyers joined MTOA. They were able to get a policy through the MTOA yacht insurance program.
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05-12-2022, 03:35 PM
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#9
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Guru
City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,640
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Quote:
Originally Posted by nageldan
Thank you. If you have his number that would be very helpful!
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My direct line is 206-350-5051, good sir, and email is peter@novamar.net
__________________
Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!
1989 52' PT Overseas yachtfisher
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05-12-2022, 06:42 PM
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#10
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Guru
City: Between Oregon and Alaska
Vessel Name: Charlie Harper
Vessel Model: Wheeler Shipyard 83'
Join Date: Jun 2016
Posts: 2,700
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05-12-2022, 09:19 PM
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#11
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Guru
City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,640
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Quote:
Originally Posted by Lepke
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Underwritten by Markel. 
__________________
Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!
1989 52' PT Overseas yachtfisher
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05-12-2022, 09:19 PM
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#12
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Veteran Member
City: Oak Harbor
Vessel Name: Tiamat
Vessel Model: Tolly 44' Sundeck
Join Date: Jun 2021
Posts: 26
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I have a 87 Trawler and use Red Shield Insurance out of Portland, OR Full Coverage.
__________________
I wanted freedom, open air and adventure.
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05-12-2022, 09:33 PM
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#13
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Guru
City: Coupeville Wa.
Vessel Name: Pelorus
Vessel Model: Californian 42 LRC
Join Date: Oct 2015
Posts: 1,686
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Quote:
Originally Posted by SaltyDogg
I have a 87 Trawler and use Red Shield Insurance out of Portland, OR Full Coverage.
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I have an 83. I also insure with Red Shield. As far as I know they only write policies for the NW of the US. They do require a minimum of 3 yrs experience.
From Red Shield's web site
"Based in Portland, Oregon, Red Shield’s western regional scope covers the states of California (floating property only), Idaho, Oregon, Utah and Washington. Our regional focus and size allows us to offer a level of service which requires the least effort from our customers and agents. Understanding the market, and how business is done in the Pacific Northwest, is critical to the success of Red Shield Insurance Company."
__________________
Some things are worth doing simply because they are worth doing.
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05-13-2022, 01:51 AM
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#14
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Guru
City: Between Oregon and Alaska
Vessel Name: Charlie Harper
Vessel Model: Wheeler Shipyard 83'
Join Date: Jun 2016
Posts: 2,700
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Hagerty insurance is US & Canadian waters to 25 miles out.
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05-16-2022, 09:50 AM
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#15
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Senior Member
City: Puget Sound
Vessel Name: Muirgen
Vessel Model: Beebe passagemaker 50
Join Date: Mar 2021
Posts: 230
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I'll give a second on Peter for insurance needs. He found us great insurance and helps us navigate it when we need to add riders or change as we cruise.
__________________
"I don't want to die with a boring obituary"
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05-16-2022, 10:17 PM
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#16
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Newbie
City: Seattle
Join Date: May 2022
Posts: 2
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American Family
Last month I got full coverage for a 1984 38' twin diesel with a stated value of $60k for $430 premium a year with $2.5k deductible. I was honestly really shocked as I got another quote from State Farm with the same coverage for $1,200.
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05-16-2022, 10:32 PM
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#17
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Guru
City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,640
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Quote:
Originally Posted by 38 Fu Hwa
Ladt month I got full coverage for a 1984 38' twin diesel with a stated value of $60k for $430 premium a year with $2.5k deductible. I was honestly really shocked as I got another quote from State Farm with the same coverage for $1,200.
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Be sure to read that AmFam policy very carefully- it is a policy where you teyly get what you pay for…it is full of landmines.
__________________
Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!
1989 52' PT Overseas yachtfisher
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05-16-2022, 11:01 PM
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#18
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Newbie
City: Seattle
Join Date: May 2022
Posts: 2
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Good to know. First time with a marine policy. Anything in particular that is troublesome in the policies I should review for?
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05-16-2022, 11:41 PM
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#19
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Guru
City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,640
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Quote:
Originally Posted by 38 Fu Hwa
Good to know. First time with a marine policy. Anything in particular that is troublesome in the policies I should review for?
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Yes- the AmFam policy is a Chinese menu- they sell on a low price. Additional coverages are usually available (like agreed value settlement, wreck removal, pollution, medical, etc.), but at additional cost. It’s assumed you want the lowest price possible, so AmFam often never offers any additional coverages.
I can review if you’d like.
__________________
Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!
1989 52' PT Overseas yachtfisher
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05-17-2022, 02:14 AM
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#20
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Guru
City: Sydney
Vessel Name: Sojourn
Vessel Model: Integrity 386
Join Date: Oct 2011
Posts: 12,262
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Quote:
Originally Posted by Pau Hana
Yes- the AmFam policy is a Chinese menu- they sell on a low price. Additional coverages are usually available (like agreed value settlement, wreck removal, pollution, medical, etc.), but at additional cost....
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Called "drip pricing" here. Main offenders are airlines, some car companies ("oh, you want wheels on it?")etc.
__________________
BruceK
2005 Integrity 386 "Sojourn"
Sydney Australia
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