Insurance info

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randyo

Petty Officer 2nd Class
Joined
Apr 8, 2005
Messages
108
Im looking into insurance for a 1997 glastron 175se. The insurance quotes Ive gotten online ask for the number of drivers and then ask for the drivers' information (ie. address, driving records, etc).<br /><br />Does this mean the insurance coverage will ONLY apply when the included people are driving? For example, if I am the only person listed on the insurance coverage will the same coverage apply if my roommate or other friend is driving?
 
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NYMINUTE

Captain
Joined
Oct 6, 2003
Messages
3,298
Re: Insurance info

Better list anyone who will drive it more than briefly. Insurance Companies always find a crack to crawl through if they can avoid paying out on a claim. I list my wife and thats it. My sons do drive occassionally while I remain on board. Be safe, than sorry.
 
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sea wolf

Lieutenant Junior Grade
Joined
Apr 3, 2002
Messages
1,219
Re: Insurance info

Don't waste to much time getting coverage!
 
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randyo

Petty Officer 2nd Class
Joined
Apr 8, 2005
Messages
108
Re: Insurance info

So is the concensus to add my roommates to the insurance or to not worry about it?
 
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blackz3

Petty Officer 2nd Class
Joined
May 17, 2003
Messages
159
Re: Insurance info

the operator and the owner always get sued no matter what CYA (cover your a$$ )<br />just my opinion
 
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tomatolord

Chief Petty Officer
Joined
Oct 1, 2004
Messages
548
Re: Insurance info

well if you want to keep your friend then add him to the policy if you dont then dont.<br /><br />IF something were to happen when your friend is driving or borrowing the boat the following will happen<br /><br />a - he will pay out of his own pocket for the repairs<br />b - he will make a claim on his own insurance<br />c - say see ya I dont have the $$ or insurance<br /><br />Usually people always have umbrella policies to cover you the case of "everything else" however if your friends have NO insurance at all then if something were to happen how could they pay??
 
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ItsTheTreesFault

Recruit
Joined
May 30, 2005
Messages
2
Re: Insurance info

Is boater's insurance even required in florida? or at all anywhere?<br /><br />i'm lookin to get a 30+ foot cruiser and tryin to see what will cost me what..<br />and another question would be is for a first time boater will they look at my auto-driving record?
 
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phatmanmike

Captain
Joined
Oct 24, 2003
Messages
3,869
Re: Insurance info

http://www.boatus.com/insurance/faq.htm <br /><br />and below is a quote i got just now from progressive.com<br /><br /><br />Premium: $906.00 Policy Period: 12 month <br /> <br />Policy Information <br /> <br /> <br /><br />Vehicles <br /> <br />1984 SPORT-CRAFT/SPORT-CAT 20 FISHMASTER CENTER CONSOLE <br /> <br />Coverages <br />General Coverages <br /> <br />Bodily Injury Coverage $50,000 person/$100,000 accident $55.00 <br />Uninsured Boaters Coverage $25,000 person/$50,000 accident $62.00 <br />Property Damage Coverage $25,000 property damage $37.00 <br />Medical Payments Coverage $2,500 each person $28.00 <br />Fishing Equipment Coverage $1,000 $20.00 <br /> <br />1984 SPORT-CRAFT/SPORT-CAT 20 FISHMASTER CENTER CONSOLE <br /> <br />Comprehensive Coverage 2500 Ded AV $530.00 <br />Collision Coverage $1,000 Deductible (Agreed Value) $128.00 <br />On Water Towing Coverage $500 $32.00 <br />Coastal Navigation Coverage 50 Miles $0.00 <br />Replacement Cost Personal Effects Coverage $1,000 $14.00 <br />Roadside Assistance Coverage Included N/A
 
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biloxiriver

Petty Officer 1st Class
Joined
Aug 20, 2002
Messages
256
Re: Insurance info

In most states boat owners coverage is based upon your driving record; and they do run an MVR. Also, as with your auto coverage, the carrier will typically want all persons residing in the residence listed since as "residents" they have access to the vehicle/boat. You should be able to avoid this additional cost by having roommates specifically excluded by name on the account; I did this with some autos in the past. I think it is weird that you can loan your auto or boat to anyone and they are covered (so long as they are legally licensed or qualified) but a person living in your residence has to be listed!!
 
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TilliamWe

Banned
Joined
Dec 21, 2004
Messages
6,579
Re: Insurance info

Originally posted by NYMINUTE:<br /> Better list anyone who will drive it more than briefly. Insurance Companies always find a crack to crawl through if they can avoid paying out on a claim. I list my wife and thats it. My sons do drive occassionally while I remain on board. Be safe, than sorry.
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With that attitude, NY, I'd hate to see what would happen if one of your "not listed" sons wrecked your boat! :( <br /><br />Not sure this is standard policy language, but it is in our policy:<br />with respect to watercraft liability, covered person means:<br />b. Any person using your covered watercraft with your permission:<br /><br />So, your roomie may not have to be specifically listed to be covered. They are wanting the info for all the "normal operators" to get a better idea how to rate the risk & what premium to charge you
 
roscoe

roscoe

Supreme Mariner
Joined
Oct 30, 2002
Messages
21,753
Re: Insurance info

So how do they base the insurance on my MVR if I do not have an auto drivers license?<br /><br />My grandmother never had a drivers license, but used her boat 50 days a year. !!!!
 
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TilliamWe

Banned
Joined
Dec 21, 2004
Messages
6,579
Re: Insurance info

So how do they base the insurance on my MVR if I do not have an auto drivers license?<br />
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I am going to guess that the underwriter has a table for that. A lot of other factors go in to rating, so that's not the only one.
 
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