Insurance Costs
 

I just put insurance on my "new" 1993 Diablo 180. I got 7500 worth of coverage with a 250 deductable for 18 per month.
I was just kinda wondering if that seems reasonable to you fellow owners for these boats?
Thanks ,
Larry

Re: Insurance Costs
 

does that include unforeseen river collision ? where you've collided with underwater obstacles ?

if so, id be very happy with those prices.

our boat runs us $325 per year for our 30' valued at $40k

Re: Insurance Costs
 

Yes it does OregonDunes. In the water , or sittin in the garage. Sounds like you got a dang good deal as well>:wink_thumbup:
Larry

Re: Insurance Costs
 

Premium sounds reasonable. Mine is approx $215/yr for $9k here in Ontario.

Re: Insurance Costs
 

I pay $227 per year for $11k coverage with a 500 deductable here in Manitoba

Re: Insurance Costs
 

I Pay $171 for $15000 coverage on a 1996 Z252

Re: Insurance Costs
 

Sounds like it is about average then.
Heading out in a few to go to Illinois to pick up the boat!:yes_grin::yes_grin:
Couldn't resist anymore , I had to get the Platinum member package. To many goodies for paid members to resist. Awesome Site!!!
Wish me luck , I'll let you guys in on how it went on Sunday(Hopefully)
Larry

Re: Insurance Costs
 

Well ,
We made it out to Illinois and back without a hitch!:D 2287 tripped off on the GPS for mileage.
Weather was great til the last 200 miles , when the wind came up so bad I thought the boat would flip over. Trying on the patience....but it was well worth it.
Here is a pic after I washed her up yesterday.

http://i271.photobucket.com/albums/j...ss/boat007.jpg

Re: Insurance Costs
 

Wow, looks sharp! That drive home can sure be a stressful one, I did a 1,600 mile round trip to pick mine up last month. We can focus now on the maintance, and getting ready for spring!!

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That's it.
I wanted to get it now in the winter just so I am able to have it ready for spring(about June around here).
Need to do alot of cleaning and maintainence , but hey I love working on my toys.:D

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Yeah I am running 386 a year and insured for 45k plus 10k for trailer replacement if thats normal or not? In Alberta

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That sounds like a excellent deal! Is insurance required up there or is it by choice?
Larry

Re: Insurance Costs
 

Are you sure you have Replacement Cost on that policy? Most insurers wont offer RCost on boats/trailers over 10yrs old. Those amounts may simply be the maximum amount the insurer will pay which means if similar boats/trailers are found for less than those values then the lower amount is the max they pay out.

Re: Insurance Costs
 

Boat insurance isn't mandatory up here but...its like being at fault for an accident when you dont have insurance. If you dont have it, then the injured party can sue you for damages and/or bodily injury which could be very costly. Homeowners policies 'usually' pick up some coverage for boats under 'x' feet long and 'x' horsepower but wont provide any liability coverage in the event you cause an accident.No Mariah's will fit into the homeowner policy restrictions though as its designed for tin cans/runabouts so you will have to buy additional coverage.

And...the insurance is usually a bit less expensive if you have it added as a rider to your homeowner policy rather than purchasing a separate policy thru a different insurer.

Re: Insurance Costs
 

Yeah , I tried to get mine insured for 7500.00 but they would only go 5000.00 because of the age of the boat. I have mine covered with my truck , suv , 5th wheel camper. I thought 18.00 per month was good , but now I am beginning to wonder:shakehead:
Larry

Re: Insurance Costs
 

They'll only pay you the fair market value for it in the case that it gets totaled anyway. It doesn't do any good to over-insure it. My insurance guy asks me, "What do you want to insure it for?" He'll put anything on it but it's silly because he and I both know that they aren't going to pay that out.

Re: Insurance Costs
 

That is very true. But here in Colorado my "new" diablo would sell for 4-5 grand the way it is with trailer. And it needs some TLC. I paid 1725.00 for it in Illinois. I never ran insurance til my last purchase of a boat was totaled by a crappy driver , and I had no insurance at all on it. (Learned my lesson)
Seems like kinda your damned if you do ....damned if you don't! :rolling_laugh:
Larry

Re: Insurance Costs
 

Exactly. Why pay the premiums on say $10k of insurance if the boat will really only fetch $7500. A lot of people get fooled by that one and just waste their money.

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Nope thats what I get if it gets wrote off or stolen, same policy I carried on the last boat

Re: Insurance Costs
 

Awesome! , Now that I have it home I'm not as worried about the coverage anymore. I thought about seeing about putting insurance on it for just the summer but I don't know if they would do that. Ahh , the 18 bucks ain't that much! Better be safe than sorry.
Larry

Re: Insurance Costs
 

Ah okay. You have what is called a "Valued" policy that specifies the payout amount.

Re: Insurance Costs
 

Yeah she asked which policy I wanted and she said she would go this way with that fancy of a boat and trailer. it was only like 50 bucks/year more then the other one.