Boat Insurance Question

B

bschell

New member
I have a 2003 22' C-Dory Cruiser, bought it new and have keep it in top shape. I just received my new 2016 policy and noticed the amount of insurance and agreed value at $28,000 down from $35,000 in 2015. I called Boat U.S and asked if we could bump the policy back up to $35,000 and they said the by the Bucprovalue guide line for pricing they use puts the worth of the boat at $13,000 to $17,000. So, even at $28,000 if I had a total loss I feel I would be under insured? they said if you can prove the boat is worth more they MIGHT reconsider (probably not). In my mind, if I want to pay for more coverage I can. If anybody has any input or suggestions about their policy and how they get the coverage they are happy with please add to the conversation.
 
Show them the asking prices, and selling prices on the "market place" section of the C Brat site. Point out that very few of the C Dory are sold thru dealers, so BUC is not accurate (BUC is compiled by what dealers report sales prices).

With Progressive thru International Marine Insurance, I had my 22 increased from $30,000 to $40,000--no problem. I just said I had upgraded the electronics, and other features.
 
Visit a "State Farm Insurance" agent as they have become amenable to the needs of both vessel and classic car owners. They will provide an "agreed value" policy at competitive rates. My 2008 22' cruiser, along with all accessories and equipment, is insured for $41,000. and the recently paid annual policy premium was just $339......
 
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