28 Magic Deck Insurance

[JFMFG]

Hey guys was wondering who some of you are using and what you’re paying. We have ours insured right now but the renewal is $1400 a year. We have the 496HO.

 

[HubbaHubbaLife]

My 2006 Magic Wizard w/ 496HO went for ~$500/ yr through AAA marine insurance. Full bow to stern in case I had a little fire out in the ocean say about 10 miles out.

 

[Javajoe]

State Farm
08 Magic deck
625 Ilmor
Agreed Value
1,000 deductible
300k Liability
903.00 a year

 

[DMF]

I have a Shockwave 28' Deck boat with a Teague 800 insured with Farmers for $1,200 a year.

 

[riverroyal2]

FYI my toon is 300 with a value of 90k

 

[Jay Dub]

2007 Hallett 255 with 496HO. agreed value $75,000 paying $848/yr. USAA farmed out to Progressive

 

[BingerFang]

Call Nick Rose Insurnace.

 

[Havasu Rehab]

2008 Magic Scepter 496HO, insured by Wozencraft for around $800. Call Tanah Kinsie 714-263-2626

 

[HALLETT BOY]

Look up Ahoy ! Ins online

 

[RiverDave]

Call Brad Stern / Stern Insurance - 949-632-4500

RD

 

[Moabifam5]

I have a 22 Place Craft with 496 HO and pay $436 annually I've been using Nikki Kincade ( Bostick, Farmers ) in El Cajon. I recently switched all of my insurance to them mostly due to excellent Customer Service. Give Martha a call and get a quote. 619 303 4108. Good Luck!

 

[Bpracing1127]

23xs with a 496, 225 year

 

[WTR&PWR]

Definitely shop around. For some reason one agent doesn’t fit all. My brother swore by a guy after getting 10 quotes. I got a quote from him and others and found it much cheaper. They ranged from 1,050-1,800 for my 2950 with a 600SCI so I definitely recommend spending a couple hours and calling around.

 

[River918]

DCB 28extreme, Merc 600 with a stage 3: $668.00 a year with Boat US (Geico), agreed value over 100k

 

[Havasu Rehab]

DCB 28extreme, Merc 600 with a stage 3: $668.00 a year with Boat US (Geico), agreed value over 100k

Wow that seems like a great rate. Nice screen name by the way

 

[UnWoke]

DCB 28extreme, Merc 600 with a stage 3: $668.00 a year with Boat US (Geico), agreed value over 100k

Geico says NO cat hull boat fits their guidelines anymore. If you had a policy before guidelines changed you may be grandfathered in but be careful, they have been reducing stated values.

 

[UnWoke]

American Modern will insure but they require a copy of the bill of sale and a survey by a licensed surveyor.

 

[Icky]

Foremost did our Daytona insurance

 

[UnWoke]

Foremost did our Daytona insurance

Was that recently?
They told me today they no longer insure cats.

 

[LuauLounge]

Your rate may vary due to your credit score, driving record, zip code, etc., etc.

 

[DarkHorseRacing]

DCB 28extreme, Merc 600 with a stage 3: $668.00 a year with Boat US (Geico), agreed value over 100k

How does agreed value work? You find comparable boats for sale on Boat Trader? Or you have some kind of survey done?

 

[Icky]

Was that recently?
They told me today they no longer insure cats.

I sold it last April

 

[Nosocks]

I see a bunch of big name, non-specialty, insurers listed here.

I thought most of them wouldn't do air entrapment? Or are the decks, even the tunnels, excluded from this?

 

[C-Ya]

I flat out cannot believe how little you guys pay for boat insurance. You guys don’t know how good you have it.

My 23’ WorldCat is $1800 without Bahamas coverage. $3800 with Bahamas coverage. I also have no coverage if I do not enact my hurricane plan as soon as I am the cone of concern with a named storm.

Our friends pay $8400 per year for their 32’ WorldCat. Most of my friends pay between $2500 and 10k per year for their different boats.

One big negative about living in Florida is the outrageous cost to insure just about anything. My golf cart is 2k per year.

 

[Bpracing1127]

I flat out cannot believe how little you guys pay for boat insurance. You guys don’t know how good you have it.

My 23’ WorldCat is $1800 without Bahamas coverage. $3800 with Bahamas coverage. I also have no coverage if I do not enact my hurricane plan as soon as I am the cone of concern with a named storm.

Our friends pay $8400 per year for their 32’ WorldCat. Most of my friends pay between $2500 and 10k per year for their different boats.

One big negative about living in Florida is the outrageous cost to insure just about anything. My golf cart is 2k per year.

Well you guys have hurricanes so it makes sense. We saw what Ian did to the Tampa area

 

[River918]

How does agreed value work? You find comparable boats for sale on Boat Trader? Or you have some kind of survey done?

No survey. I just told them what I wanted the agreed value to be and they were good with it… they did have a limit due to the age of the boat

 

[Dcb.blake]

Both brad sterns and Nikki bostick group have been good for me.

A lot depends on if you want to state how much you want to be insured for vs book value I’ve learned.

 

[gqchris]

Anyone know if a HTM 24ss is even insurable these days?

 

[cheezpanel]

I have a 22 Place Craft with 496 HO and pay $436 annually I've been using Nikki Kincade ( Bostick, Farmers ) in El Cajon. I recently switched all of my insurance to them mostly due to excellent Customer Service. Give Martha a call and get a quote. 619 303 4108. Good Luck!

100% this. They are awesome. And Martha is the BEST.

 

[Bpracing1127]

Anyone know if a HTM 24ss is even insurable these days?

I’m sure for the right money

 

[Blackmagic94]

Geico says NO cat hull boat fits their guidelines anymore. If you had a policy before guidelines changed you may be grandfathered in but be careful, they have been reducing stated values.

Isn’t that a v hull

 

[Dcb.blake]

100% this. They are awesome. And Martha is the BEST.

X10 even switched my home insurance. The GEICO lizard can suck nuts.

 

[28Eliminator]

Foremost $1800 year, stated value of 55k for an old 28 Eagle, 650 HP.

 

[FreeBird236]

Isn’t that a v hull

Yes.

 

[UnWoke]

Foremost $1800 year, stated value of 55k for an old 28 Eagle, 650 HP.

HOLY SHIT!
That seems ridiculously high….What state is that insured in?

 

[OldSchoolBoats]

Brad Stern does mine.

255 Hallett. $75k value for boat and $5k for trailer. 525 Merc Racing.

$1200/year

 

[Ultra912]

Shockwave Tremor, 496HO, 525.00 year Farmers

 

[sintax]

Anyone know if a HTM 24ss is even insurable these days?

Haha you eyeballing that one that just popped up in the classifieds??

 

[UnWoke]

With the recent changes of underwriting guidelines among insurance companies it would be awesome if folks could post the round-about date their policy was written or went into effect. This would be helpful for all seeking insurance coverage that will have to fit current guidelines.

Thanks all!

 

[gqchris]

Haha you eyeballing that one that just popped up in the classifieds??

Like a damn kid on Christmas!

 

[28Eliminator]

HOLY SHIT!
That seems ridiculously high….What state is that insured in?

California, but the boat is stored in Havasu. It is high.. and I need to look around. However, I have a stated value policy and disclosed the HP and top speed of the boat. I also have some pretty high limits.

Bottom line.. god forbid I get in a bad accident with another boat. Someone is badly hurt or dies, the insurance company will look for any reason to deny a claim based on what is disclosed (or incorrectly disclosed) in the policy.

Having cheap insurance rates means nothing if your left holding the bag.

I know a few people that “fudge” their boat criteria to get cheaper rates.. hopefully they never end up in a situation when they need the insurance to be behind them.

 

[spark2678]

Nordic Thor Cat with 525. American Nodern thru Wozencraft $950/yr.

 

[sintax]

Like a damn kid on Christmas!

Same man, I keep telling myself I don’t need it, and having two boats is irresponsible blah blah

 

[Ace in the Hole]

I have a 22 Place Craft with 496 HO and pay $436 annually I've been using Nikki Kincade ( Bostick, Farmers ) in El Cajon. I recently switched all of my insurance to them mostly due to excellent Customer Service. Give Martha a call and get a quote. 619 303 4108. Good Luck!

I use nikki for all of my power sports stuff , boat, and trailers. 100% recommend. They also do this unheard of thing…answering the phone or actually calling back. Kathryn is our contact there…they do MT LLC stuff as well.

 

[UnWoke]

California, but the boat is stored in Havasu. It is high.. and I need to look around. However, I have a stated value policy and disclosed the HP and top speed of the boat. I also have some pretty high limits.

Bottom line.. god forbid I get in a bad accident with another boat. Someone is badly hurt or dies, the insurance company will look for any reason to deny a claim based on what is disclosed (or incorrectly disclosed) in the policy.

Having cheap insurance rates means nothing if your left holding the bag.

I know a few people that “fudge” their boat criteria to get cheaper rates.. hopefully they never end up in a situation when they need the insurance to be behind them.

True….that reminds of people who fudge on their taxes to get back a larger refund and then pretend their tax guy does such a great job.
You’re right, in the event of a claim an insurance carrier‘s first action will be in trying to find a way to deny the claim.

 

[UnWoke]

Here’s my story as of 6/15/2023-

Subject vessel- 28’ Magic Deck with 496HO
Denied coverage by Geico, Progressive, Farmers and Foremost.
American Modern may cover but they require a survey, a completed boating experience resume and a copy of the bill of sale before they will consider coverage.
I went to Heather at the Wayne Edwards State Farm office in Havasu, she had the boat covered in one brief phone call.
Details as follows:
Boat is registered and kept in Havasu.
$100k in agreed value for the vessel
$15k for trailer
$1k in personal property
$500k in liability
$1k in medical payments
$1k deductible
Annual premium- $1,039

 

[69hondo]

Here’s my story as of 6/15/2023-

Subject vessel- 28’ Magic Deck with 496HO
Denied coverage by Geico, Progressive, Farmers and Foremost.
American Modern may cover but they require a survey, a completed boating experience resume and a copy of the bill of sale before they will consider coverage.
I went to Heather at the Wayne Edwards State Farm office in Havasu, she had the boat covered in one brief phone call.
Details as follows:
$100k in agreed value for the vessel
$15k for trailer
$1k in personal property
$500k in liability
$1k in medical payments
$1k deductible
Annual premium- $1,039

Is your boat registered in AZ?

 

[UnWoke]

Is your boat registered in AZ?

Yes it is…registered and kept in Havasu

 

[69hondo]

Yes it is…registered and kept in Havasu

10/4 thanks.

 

[havasu5150]

Here’s my story as of 6/15/2023-

Subject vessel- 28’ Magic Deck with 496HO
Denied coverage by Geico, Progressive, Farmers and Foremost.
American Modern may cover but they require a survey, a completed boating experience resume and a copy of the bill of sale before they will consider coverage.
I went to Heather at the Wayne Edwards State Farm office in Havasu, she had the boat covered in one brief phone call.
Details as follows:
Boat is registered and kept in Havasu.
$100k in agreed value for the vessel
$15k for trailer
$1k in personal property
$500k in liability
$1k in medical payments
$1k deductible
Annual premium- $1,039

I have a 28' Conquest Top Cat II 496HO been with Progressive since purchased new. 100K stated value, reducing deductible, similar limits 685/yr