Marine survey for boat insurance

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Lucion
Posts: 14
Joined: Sat Apr 22, 2017 5:01 pm

Marine survey for boat insurance

Post by Lucion »

I attended the gathering at Hales Barr this past weekend and enjoyed it thoroughly. We met a lot of nice people and saw some amazing boats. I did however forget to ask a pertinent question that is of particular importance presently. I have gotten every sticker, tag, license and document that the state of Virginia has required but when I went to the insurance company for boat insurance they want a marine survey of the vessel. I asked the Va. Game and Fish to do it and they sent over a warden who looked over the boat and said he would get back to me. I finally called and was told that his survey was just to attest to the fact that it was homemade. So my question is who performs this function and what are we talking about in dollars? Also what exactly will they be surveying for?

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kens
Posts: 4821
Joined: Wed Nov 12, 2003 5:25 pm
Location: Coastal Georgia

Re: Marine survey for boat insurance

Post by kens »

I have looked into insurance from a couple different insrs companies.
It always came back to an 'agreed value' of the boat.
Hagerty is one company that comes to mind.
My home insurance will extend similar insurance or me.
You need to look into the 'agreed value' clause.
Oak is over rated, everything about it takes extra time; then it warps, splits or checks !!! :roll:

hoodman
Posts: 2491
Joined: Thu Nov 10, 2011 8:48 am
Location: Lafayette, IN

Re: Marine survey for boat insurance

Post by hoodman »

You might just have to call around a couple of different insurance companies until you find one that will cover it. State Farm covers my Geronimo. They didn't ask for a survey.
Matt

Building a Geronimo......!
viewtopic.php?f=2&t=25139

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Roberta
Posts: 6627
Joined: Tue Jul 31, 2007 5:23 pm
Location: East Troy, Wisconsin

Re: Marine survey for boat insurance

Post by Roberta »

State Farm insures my Torpedo with no issues.

Roberta
Roberta "Queen of the Boat Builders"
Built Zip "Oliver IV", Super Spartan "Jimmy 70", and Torpedo "The Glen L".

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jamundsen
Posts: 1541
Joined: Tue May 26, 2009 12:47 pm
Location: Lakeland, Fl
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Re: Marine survey for boat insurance

Post by jamundsen »

Haggerty insured mine up to $50000 with no survey. If you want more they want a survey.
John Amundsen
Monte Carlo
Lakeland,Fl

Work tends to get in the way of boat building

Lucion
Posts: 14
Joined: Sat Apr 22, 2017 5:01 pm

Re: Marine survey for boat insurance

Post by Lucion »

Since I made this original post I made a lot of inquiries to insurance companies. I was trying to find insurance that didn't require a marine survey. The real shocker was that Geico, All State and Hagerty wouldn't insure a homemade boat period. I feel fortunate that State Farm will do it with a marine survey.

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curtgard
Posts: 213
Joined: Fri Mar 13, 2015 3:54 pm
Location: Colfax Iowa

Re: Marine survey for boat insurance

Post by curtgard »

When you are talking to insurance agents/insurance companies, don't use the word homebuilt instead use the word custom built. Your best bet will be what ever company you insure your home and cars with. I had no trouble insuring my True Grit design without a survey. The underwriter with the insurance company actually read my build blog on the Glen-L site. This is the same company that insures our house and cars.

Cirt

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jamundsen
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Joined: Tue May 26, 2009 12:47 pm
Location: Lakeland, Fl
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Re: Marine survey for boat insurance

Post by jamundsen »

My Monte Carlo is insured with Haggerty. No problem at all.
John Amundsen
Monte Carlo
Lakeland,Fl

Work tends to get in the way of boat building

Butch Barto
Posts: 357
Joined: Wed Jun 13, 2007 7:54 pm
Location: Crestview,FL

Re: Marine survey for boat insurance

Post by Butch Barto »

We have Hagerty GOOD COMANY Gave us $50000 they paid with no question when a Jerk on a Seedo crashed through the side . I took her down to the Guys at Hugh Saint in Cape Coral did a great job . Then the garage fire that totaled he out we bought her back in the settelment. They kept coverage on her wile we were rebuilding. Got a Survay from a guy from Mobile Al who spent about hour and a half looking at everything took a lot of pitchers ,sent it to Hagerty now we have $80000 . I also have a 67 F100 street Rod Truck with them thank goodness no claims on it

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