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Boat insurance in Florida


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I know that there has been a lot of discussion about boat insurance in the past. I am looking for suggestions from anyone who lives in Palm Beach, Broward, or Miami Dade County as to who they are using for insurance.

I currently have my insurance through Ski-Safe. When we moved down here a couple of months ago I notified them of the move. Although they will insure the boat in Palm Beach County, they will not cover it for damage caused by a named storm. I have checked with boaters insurance and they will not cover the boat. I have checked with the company that we have our homeowners insurance with and they want $1,000 per year for coverage.

Can anyone who lives in the area give me suggestions of who to contact to check out coverage. I am not sure I like the fact that Ski-Safe will not cover it if damaged by a named storm.

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i am surprised at that. I had ski safe when i lived in WPB 6 years ago, and it was covered. i guess they have changed...

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Lots of things are changing in Florida with respect to any type of property insurance. After the '04 & '05 Hurricane seasons, not only is insurance getting very expensive, you are no longer assured of getting a policy at all (at least with a reputable company).

I'm looking to move, and I called my State Farm agent to make sure I could get insurance on two homes temporarily (a call I would not have had to make a few years ago) and he mentioned something to the effect of they are only allowed to write a very limited number of new policies a month, but he would "save" one for me since I and my family have been with them so long.

For what it's worth, I pay State Farm about 700 a year to insure the boat fully, but that's with very high liability limits and full replacement with current model year for 5 years, so $1K might be a little steep, but your boat is probably worth more than mine.

Good luck to you...

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Lots of things are changing in Florida with respect to any type of property insurance. After the '04 & '05 Hurricane seasons, not only is insurance getting very expensive, you are no longer assured of getting a policy at all (at least with a reputable company).

I'm looking to move, and I called my State Farm agent to make sure I could get insurance on two homes temporarily (a call I would not have had to make a few years ago) and he mentioned something to the effect of they are only allowed to write a very limited number of new policies a month, but he would "save" one for me since I and my family have been with them so long.

For what it's worth, I pay State Farm about 700 a year to insure the boat fully, but that's with very high liability limits and full replacement with current model year for 5 years, so $1K might be a little steep, but your boat is probably worth more than mine.

Good luck to you...

RTS,

The quote we received is from Statefarm. It is a stated value policy based on the purchase price of the boat. I just trying to decide whether I should pay the additional $500 per year for coverage during a hurricane. The boat is stored in a garage. My policy with ski-safe is coming up for renewal and I would like to decide prior to renewing the policy.

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If it were me, I'd pay State Farm. They have taken extremely good care of me when I have had any type of claim.

Of course, if you keep the boat in a garage, chances are that's where it's going to be during a storm, so if you're confident in the structural integrity of the building, not having the coverage from Ski Safe would be O.K.

Also, you may want to check with your agent, as the boat being in your garage (I'm assuming attached to your house) your homeowner's policy may cover it if your house collapsed??? I'm not at all sure though.

Welcome to Hurricane Alley, and remember, only 3 months till hurricane season...

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