Boat Insurance | United Marine

[IrishAyes]

Haha Jawz, funny you said that. I had State Farm the first year I bought my boat, back in 1994. Got to talking to people and it seems like they didn't really cover a whole lot. Checked with State Farm and the guys were right. I went to BoatUS and haven't been sorry yet.

Had to file a claim a couple years ago when I hit a submerged piece of lumber and wiped out the lower unit on my Yammie. BoatUS only wanted a pic of the damage. I got a check within one week. 

[Still Running]

You can get it both ways. I think it was a depreciation or for paid value. You get what you paid for it. That’s the way I went, plus the towing.

I had the guy who does my home owners insurance do my boat. He told me I was fully covered anywhere in the world I went with the boat. Thank god I found out that I was not covered on tidal waters before I needed it.
 

[Hotrod]

I actually just got off the phone with them.

I have an agreed Value Policy, for total lose.
If more than 70% of boat is damaged they would call it a total lose.  and I would be paid $50,000

My Motor is depreciation in years and are as follows
3-6 none
7 - 15%
8-  35%
9- 40%
10-14 45%
15- 85%

[Still Running]

You know what the means Rod?

You have to but a new motor every six years.

[IrishAyes]

Guys, check you policy for fuel/oil spills. Some do not cover that and if you had a spill it will cost a small fortune for the clean up.

Jawz, no one ever questioned your knowledge.  

[Hotrod]

Jawz, no one ever questioned your knowledge.  

[adienviro]

Great Info