01-29-2016, 11:49 PM
Well after checking several insurance companies and quotes, I decided to go with Progressive. I am currently with Allstate and although they have been good, I am getting a better deal, in several different ways, with Progressive. I learned a LOT over the last week with boat insurance. I am now covered for an "agreed" to amount rather than a "cash value" amount. (Yes, "agreed" and "cash value" are legal terms) The difference is my boat is worth more to me (agreed value) than an insurance company's Kelly Blue Book value (cash value). So I told them what I thought my boat was worth and they gave me a quote to the "agreed" value. The amount of coverage was also increased for liability (from $50K to $100K), plus I now have uninsured/underinsured coverage for other boats if they hit mine, and finally I have $2,500 in medical costs if I or someone else gets hurt on my boat. Not to mention theft, personal effects, electronics, etc. That is a LOT more coverage than I previously had. The nice part.....the annual premium went from $124.40 to $118, so I saved a little too. If you haven't reviewed your boat insurance, now is a good time of the year to do so. Oh, I had quotes from Boatus.com, Nationwide, Progressive, and Allstate.
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