I thought that I would pass this along. I will have a new North River delivered from North River Marine, and was doing some shopping for insurance. The Boat Ins. Co. quoted me 253.00 a year, and I thought this was not that bad. My wife suggested that I call AARP and ask them since they cover are cars, house, motorcyle etc. And for very similar coverage, it was 105.00 a year. So if any of you are AARP members and do not currently use them it might be worth calling and finding out what you can possible be saving. Good Luck
If it is not known to all, the AARP is a huge lobby organization. If that's where you want your money spent, then that's great. I just thought I would point out facts because most people, including my parents, think that the AARP supports legislation that is only relevant to retired people or isn't a lobby group at all. Think again.
:agree:
I changed to Pau Hana's company when our boat insurance was due last November.
Better coverage and a few less dollars compared to previous insurance company.
I did not know the stuff about what AARP supports, but I do know that we have had claims on the house and a car and they handled it great. If that was a indication on how they do business than I believe you would not be disappointed.
Three words: Read the Policy! Not all boat policies are created equal. I've had my share of experience with coverages over the last couple years. So, decide what kind of coverage you want - inshore, offshore, trailer, theft, towing, etc., etc., etc. then find the policy that best matches what you want. Get in touch with Pau Hana (Pete). He'll point you in the right direction.
When buying boat insurance be sure to check out how the cost of boat recovery + any environmental cleanup relates to your boat coverage should it sink, heaven forbid. I did after reading an article in one of the boat magazines. I had State Farm for years on both of my boats and their rate was about average, the plus side was a local agent I liked. After reading the article I asked this question. If my boat sank at the dock and needed salvage plus the cost of a containment boom how did those costs relate to my boat value? Answer If my boat value was 20K they would increase the value 10% to help cover those costs or 22K total. Yes its possible 2K could cover the added costs, but likely not. Think about who the marina would use for a containment boom, not them as libability would be an issue, so calling in a service around 5-7K at a minimum. Then add in possible diver and small crane. That leaves you likely less than 50% of what your replacement value was. Not good. I checked with a few other insurance brokers and found one that gave me a quote within a few bucks of State Farm for both boats but cost of salvage + environmental issues were not subtracted from the agreed upon boat replacement value. So ask you agent that same question hopefully the answer makes sense.
I've been using Boat Insurance Agency- Neal for years with great service and very competitive pricing. I actually had a claim and it was handled quickly and professionally.
you might also check the mileage covered. If you plan to go ocean fishing you might need to find extended coverage past 15 miles offshore
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