Who do you insure your boat and tackle through?

[clemsondds]

Sold my boat a few months ago and getting another here in a few weeks.  I had my boat insured through farm bureau, but I never felt real confident in what exactly was insured.  Now that I have well over a few thousand just in rods/reels...thought I might get a little better handle on insurance.  Can you guys share any advice on insurance and what I should look for?  Thank you for your thoughts

[Swamp Girl]

To be frank, I never even considered insuring my boat and tackle. I didn't consider it as a possibility. I hope you get some good advice.

[king fisher]

I use Tim's loose your shirt insurance.  100% guarantee zero reimbursement if insured items are lost or stolen.  No premiums, or money down.  I loose all my tackle, one lure at a time, I wonder if I could get snag insurance.

[gim]

I use Progressive.  It has a vanishing deductible, and I've never submitted a claim so the premium has gone down every year.  In 2 years, it will not have a fee at all and I'll still have full coverage (assuming I don't have a claim).  It was originally a $500 deductible so anything I lose or gets stolen that's 500 bucks or less is just a loss that I accept.

 

My boat policy covers anything that is physically bolted down to the boat or trailer.  I have a rider policy added for tackle that covers up to $5000.

 

Boat insurance is dirt cheap.  Its not required by law here in MN but you would really have to be a gambler not to have it if your rig had any kind of significant value.

[Bankc]

Back when I had a boat, I used the same company as my auto insurance, USAA.  But I didn't insure my tackle or anything.  Now I just have a kayak and let my homeowner's and auto insurance cover it as part of their general policy.  

 

Insurance varies greatly from state to state.  So I'd just shop around and see what options you have.  What works for one person may not even be available in your area.  Plus, most of the time you'll get discounts for using the same company to insure multiple things.  So I'd start by asking your current insurance company, or companies, what they have to offer.  

[mcipinkie]

I agree with gimruls.  I use Progressive, also.  I have had a couple claims.  Handled very well.  No complaints.  Very cost effective.

 

Most of the bigger tournaments here in Missouri are requiring liability coverage.  The one I fish mandates $300K. 

 

You need liability, period.  Ambulance chasers can get everything you have, and ever will have.  Your boat, and your stuff, is your risk unless you've financed it.

[gim]

I forgot about the tournament requirement.  Good call @mcipinkie

[A-Jay]

Been using Progressive through USAA to cover my rig since 2016.

I bundle home, vehicle & the boat coverage. (USAA)

Remember it's important to review your policy annually.

Update & or modify it as needed.

I do mine right before I re-new it in the spring. (May)

https://www.progressive.com/usaa/

My policy covers 

Physical damage option

Total Loss Replacement/Purchase Price

Disappearing Deductibles

Bodily Injury & Property Damage Liability

Fuel and Oil Spill

Uninsured Boater

Medical Payments

Comprehensive

Collision

Included with Comprehensive and (if purchased) Collision

Disappearing Deductibles,Wreckage Removal,Marine Electronics,Trailer

Included Propulsion Plus®

Sign & Glide®

Coastal Navigation

Hurricane Haul Out

Replacement Cost Personal Effects

Roadside Assistance

Selected with Trip Interruption

A-Jay

 

 

[Choporoz]

Progressive through USAA would write a policy in NC.  Got GEICO.  Fairly cheap and comes with BoatUS tow insurance. 

[DaubsNU1]

Updated:  I have Progressive as well.  Insured for purchase price ($30k). Full coverage with $500 deductible. $500k liability coverage for bodily injury, property damage, includes fuel spill liability, $2,500 medical each person. 

 

$105 for the entire year. 

 

Well worth the money in my mind!

[Dwight Hottle]

Another vote for Progressive. 

[Jig Man]

I have State Farm and have had it through several boat claims and three tornados.

[Columbia Craw]

AFI and it’s part of my home and auto. The policy even covers the EPA fine if my boat pollutes. I added a binder to increase coverage on my tackle which is considerable.

[Bird]

BIA " boaters insurance agency " they only do boats.

[crypt]

progressive also....bundle was the way to go.

[T.J.]

I use All State. Same as cars. I fish a lake that requires $500k liability coverage to get a permit. It was only like $20 more a year over the standard $250k or $300k. 

[K1500]

State Farm, same as the cars and house. I believe tackle is covered under homeowners (subject to limits). 

[Log Catcher]

I have American Modern Property and Casualty insurance. This is through AAA. Several years ago when I was shopping for a new insurance company the agent I talked to told me to always have a separate policy for your boat. He said if something happened  and it was covered under your homeowners you could end up losing your house.

[Woody B]

I've got minimal coverage on my boat, but I have $300K liability through NC Farm Bureau.   I don't fish tournaments in this litigious age liability insurance seems like a good idea.   

[Wjk58]

Progressive here also 

 

[gim]

1 hour ago, K1500 said:

I believe tackle is covered under homeowners

 

Homeowners insurance generally only covers items you lose or that get stolen from your residence.

 

This is why I added a rider for my tackle.  If someone steals your boat and all your tackle in it while its away from your house (like if your at a hotel or resort), your homeowners isn't going to cover it.  And your boat policy only covers the actual boat plus items physically attached.

 

I've heard of people having rod n reels stolen right out of their boat while it's sitting on the dock.

 

Just something to think about.

[A-Jay]

24 minutes ago, gimruis said:

.  And your boat policy only covers the actual boat plus items physically attached.

Not all policies are the same.

Many will cover tackle.

I think mine caps out at 10k.

So I could probably replace like 3 Pop Max and a vision 110 for that.

A-Jay

[gim]

24 minutes ago, A-Jay said:

Not all policies are the same.

Ya you're right.  I thought about my previous post after I made it and thought it could be different based on the policy.  I had to add a rider to mine to specifically cover the tackle if something happened to it away from home.

[VolFan]

State Farm for me. It is bundled with my home and auto and costs about $7 per month.  Our local agent has been great through a few home/auto incidents and happily talks through any questions. I would say it’s like mechanics - find one you trust and hold onto them.

[GaryH]

5 hours ago, VolFan said:

 I would say it’s like mechanics - find one you trust and hold onto them.

Best advice yet. 👏👏👏