Insurance in California?

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parsj1957
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Location: San Francisco Bay Area

Insurance in California?

Post by parsj1957 »

Mo Insure.jpg
I'm completing my Sweet Caroline build, and went to insure it with Boat US where my previous home built sail boat is insured.
I was just informed that as of this year, Boat US/Geico will no longer insure home built boats!!!
Any one have a suggestion of Insurance companies to insure home built boats? I know AAA won't as I tried them on first boat. My home owners is with Chubb who said they might be able to insure it but probably not until I have 5 or 6 documented trips in the boat... but the marina doesn't want my boat in their yard without insurance...

man didn't see this issue coming!

J.
J.

hoodman
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Re: Insurance in California?

Post by hoodman »

You just have to keep calling. It's different in every state. Mine is insured with State Farm. They had no trouble insuring it.
Matt

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

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rbrandenstein
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Re: Insurance in California?

Post by rbrandenstein »

Interesting.. State Farm would not insure mine in Missouri.
I used Hagerty for the boat, motor and trailer.
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Bob
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TAB
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Re: Insurance in California?

Post by TAB »

Most places will if you get a marine survey


At least that is what aaa made me do about 7 years ago with a " home built"

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jamundsen
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Re: Insurance in California?

Post by jamundsen »

I used Hagerty
No prob, no questions, no survey required if value was under $50000. It’s about $800
Per year.
John Amundsen
Monte Carlo
Lakeland,Fl

Work tends to get in the way of boat building

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Roberta
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Re: Insurance in California?

Post by Roberta »

State Farm insures my Torpedo for under $500.00 with $50,000.00 in coverage.

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

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parsj1957
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Re: Insurance in California?

Post by parsj1957 »

Thanks for the suggestions -- I'll keep posting when I'm successful.

I know that AAA (or at least my local office) was a strict "No" to home built boats. I'll check State Farm but they've been pulling out of California, and I'll look into Hagerty -- new name for me.

Thanks again!

J.
J.

JimmY
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Re: Insurance in California?

Post by JimmY »

parsj...they've been pulling out of California...[/quote wrote:
Take the hint! :lol:
-Jim
Nothing says poor craftsmanship like wrinkles in your duct tape!

Folgore
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Re: Insurance in California?

Post by Folgore »

No survey if the worth of the boat is under $50 000? That's good to know if I ever get the job I'm aiming for and move to the US, as my own boat, or the one I'd buy by then is a far cry from a nuclear aircraft carrier or even from the yacht Anna 1 I've seen last year, I should be good to go!

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Jimbob
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Re: Insurance in California?

Post by Jimbob »

Thought my homeowners ins covered my boat during construction here in California. It's with farmers insurance. NO coverage!! Got coverage with haggerty. Reasonable with stated value. I have dry dock coverage now and will convert to full coverage once I launch the boat. Haggerty is a nice company to deal with.
Jim
Jim Neeley
Building a Barrelback in Sacramento, CA
viewtopic.php?f=15&t=28089#p172969

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parsj1957
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Re: Insurance in California?

Post by parsj1957 »

Jimbob wrote:
Thu Feb 11, 2021 7:34 pm
Thought my homeowners ins covered my boat during construction here in California. It's with farmers insurance. NO coverage!! Got coverage with haggerty. Reasonable with stated value. I have dry dock coverage now and will convert to full coverage once I launch the boat. Haggerty is a nice company to deal with.
Jim
Haggerty said no to my agent -- can you share how you described your boat/what type of coverage?

Thanks J.

We continue to get rejected not sure why...
J.

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Jimbob
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Re: Insurance in California?

Post by Jimbob »

Forget your agent and deal with haggerty directly. Become a member of acbs for a discount with them.
Jim Neeley
Building a Barrelback in Sacramento, CA
viewtopic.php?f=15&t=28089#p172969

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parsj1957
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Re: Insurance in California?

Post by parsj1957 »

Jimbob wrote:
Wed Feb 17, 2021 6:36 pm
Forget your agent and deal with haggerty directly. Become a member of acbs for a discount with them.
I wasn't familiar with acbs so I googled it... first response was: ACBS | Association for Contextual Behavioral Science...had a good laugh and looked further to find the classic boat society -- thanks for the suggestion!.

J.
J.

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parsj1957
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Re: Insurance in California?

Post by parsj1957 »

So here's the final result. I did contact Hagerty directly (online and via phone) - very easy to deal with and very fast. So thank you for the suggestion to go direct - still not sure how/why my agent 'failed'...

For ~28,000 worth of coverage the annual quote was $695.

At the same time, my agent contacted friends he knew at State Farm, they put me in touch with a "Marine" specialist, and I received a quote of $401 for $30,000 in coverage plus 2,000 in personal effects. So I've gone with State Farm... but did enjoy the ease of working with Hagerty - their online presence and their phone coverage was excellent.

I would consider using either firm -- but like the $295 staying in my pocket...
J.

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