Another Boat Ins. Question ……..

[Duffman]

I’m in Monmouth Cove Marina and I know a few other guys on the forum are as well. They require to be listed as “additionally insured” on the insurance policy. I have Liberty Mutual and for years this was never an issue. When my renewal came up this year they would only list them as an “additional interest”.

New ride coming for next season and will start shopping around for another insurance company. Just tired and never have enough time to spend arguing on the phone with these people.

Who are you guys using and do you have any issue with the additionally insured” stuff? To be honest, I’m not even sure what the difference is between additionally insured and additional interest?

Just did a quick online search with Progressive and Geico. Same coverage yet Geico was almost $500 more than Progressive.

[Capt. Debbie]

There a big legal liability difference. "Interest" is that have a right to direct payment from your insurer.

While "additionally insured" is that the marina can make their own damage claims and seek re-imbursement under your policy. Totally bypassing your involvement. Way more potential expense to your insurer covering the marina making claims about marina damage caused by you and your boat. You are nor covering the marina and your boat on your policy. Way more $$$.

And a few more things too. Im sure those terms are defined on your 100 page policy on page 60 or 70 definitions page. LOL

Originally Posted by Duffman

I’m in Monmouth Cove Marina and I know a few other guys on the forum are as well. They require to be listed as “additionally insured” on the insurance policy. I have Liberty Mutual and for years this was never an issue. When my renewal came up this year they would only list them as an “additional interest”.

New ride coming for next season and will start shopping around for another insurance company. Just tired and never have enough time to spend arguing on the phone with these people.

Who are you guys using and do you have any issue with the additionally insured” stuff? To be honest, I’m not even sure what the difference is between additionally insured and additional interest?

Just did a quick online search with Progressive and Geico. Same coverage yet Geico was almost $500 more than Progressive.

[Gerry Zagorski]

Call Vito he specializes in boat insurance (848) 863-6800

[Duffman]

Thanks guys.

Yeah Gerry that’s my plan on Monday to call Vito.

I thought the whole maintenance and fuel costs was the $hitiest part of boat boat ownership. Dealing with insurance BS is by far the worst.

[Duffman]

Just a quick follow up……if you guys have not dealt with Vito for insurance, please do so. Shopping insurance is not exactly at the top of my to do list. Vito made it super easy, handled everything I needed and really easy to communicate with. Can’t say enough! Thanks Vito!

[Gerry Zagorski]

Originally Posted by Duffman

Just a quick follow up……if you guys have not dealt with Vito for insurance, please do so. Shopping insurance is not exactly at the top of my to do list. Vito made it super easy, handled everything I needed and really easy to communicate with. Can’t say enough! Thanks Vito!

Well there you go. Vito is the best!