About 5 years ago I changed my carrier to Merkel due to their reasonable pricing. Well they have gotten bad. Their premium for next year is just below $2,000 which I find exorbitant for a New England boat that is only in the water 5 months out of the year. Any body know of a decent company with more reasonable rates?
Enrique
Talisman - Old Saybrook, CT
1998 MK2 Tall Mast Shallow Draft
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Enrique
Talisman
1998 36 MK2 Hull #1673
Tall Rig Wing Keel
M35BC engine
Old Saybrook, CT Summer
South Glastonbury, CT Winter
I have Liberty Mutual for my insurance combined with my auto and home believe it is around $600/year for the boat.
Gary Bain
S/V "Gone With The Wind"
Catalina 36', Hull #: 1056, Year: 1990, Engine: M-35
Standard Rig
Moored: Boothbay Harbor, Maine
Home: Auburn, Maine
I had the same experience with Merkel and ended up going with GEICO though I don't have the annual cost handy. All ourt other insurance (car, home) is with USAA which farms our boats out to Merkel so I couldn't bundle.
Chuck Parker
HelenRita 2072 Mk II
2002 Tall Rig - Winged Keel
Atlantic Highlands, NJ
Try State Farm...they have been great for over 12 years and multiple boats. (Tho I am on the west coast of USA.)
Dale and Nikki
1998 C36 mkII SR hailing from Poulsbo, WA
1989 C25 TR/WK
We have been with BoatUS/Geico for 20 years. With a stated value of $75000, our premium is about $1400. It just went up $200 after Hurricane Ian. They provide great coverage and covered $30,000 in damages without any question.
David S. Power
Two If By Sea #1687
Burnt Store Marina
Punta Gorda, FL
We pay $681.00 per year using State Farm.
2003 Catalina 36
At Progressive, our coverage cost $600. However, it's crucial to consider the following factors:
1. The base value rating of your boat.
2. Bodily Injury coverage, ideally falling within the range of 500k to 1 million, in my opinion.
3. Property Damage Liability, ideally ranging from 300k to 1 million. This covers scenarios like sinking, cleanup, or collisions with the fuel dock resulting in marina damage.
4. Comprehensive coverage is optional but essential if your boat is newer. Picture arriving at your mooring only to see your VHF antenna peeking out of the water. Opting out of this coverage can significantly reduce your premium. It's important to note that points 1 through 3 cover most scenarios, excluding the cost of your boat and personal property.
Understanding these factors will better inform your coverage decisions and ensure comprehensive protection.
Ed Dewsnap
Marion, MA
1984 Catalina
We pay $691/year from State Farm. Our home and cars are bundled. I think I set the boat value around $85K.
Paul & Wendy Keyser
"First Light"
Rye NH
2005 C36 MKII #2257
Wing, M35B