If any of you followed my drama of trying to find suitable insurance for my old powerboat, you know my story.
Briefly: Cannot find anyone who will insure a 20 year old performance boat.
I did get a confirmed quote from Markel. Premium is $2400 per year with $2500 deductible for a $45K value on boat. In case of theft, ded. is $5000. They confirmed that they would indeed carry the policy as long as survey was suitable.
I passed...that is just TOO MUCH for insurance on an old boat.
Progressive quoted $1350 per year with a $1750 ded, but here`s the catch---- boat value of $20K max.
I went ahead and signed with Progressive and continued to search.
After an exhaustive and fruitless search, I have determined that Markel is the only company in the world that will take this boat on. I just cannot bring myself to pay that much money for "mediocre" insurance though.
I talk to my State Farm agent to inform her that I will be pulling ALL of my business from her and going to Progressive. My home, car, truck and RV.
She wants me to give her yet another chance.
She called me today and told me that State Farm will indeed give me insurance for my old boat.
$1230 per year, $1500 ded, $45K value.
I signed the papers and now I am FULLY insured !!!
Just wonder why it took threatening to pull my business before they would ante up ?
Briefly: Cannot find anyone who will insure a 20 year old performance boat.
I did get a confirmed quote from Markel. Premium is $2400 per year with $2500 deductible for a $45K value on boat. In case of theft, ded. is $5000. They confirmed that they would indeed carry the policy as long as survey was suitable.
I passed...that is just TOO MUCH for insurance on an old boat.
Progressive quoted $1350 per year with a $1750 ded, but here`s the catch---- boat value of $20K max.
I went ahead and signed with Progressive and continued to search.
After an exhaustive and fruitless search, I have determined that Markel is the only company in the world that will take this boat on. I just cannot bring myself to pay that much money for "mediocre" insurance though.
I talk to my State Farm agent to inform her that I will be pulling ALL of my business from her and going to Progressive. My home, car, truck and RV.
She wants me to give her yet another chance.
She called me today and told me that State Farm will indeed give me insurance for my old boat.
$1230 per year, $1500 ded, $45K value.
I signed the papers and now I am FULLY insured !!!
Just wonder why it took threatening to pull my business before they would ante up ?
