NJ Fishing Advertise Here at New Jersey's Number 1 Fishing Website!


Message Board


Did your boat insurance go up - NJFishing.com Your Best Online Source for Fishing Information in New Jersey


Message Board Registration       FAQ

Go Back   NJFishing.com Your Best Online Source for Fishing Information in New Jersey > NJFishing.com Boating
FAQ Members List Calendar Mark Forums Read

NJFishing.com Boating Use this board to discuss anything related to boats and boating in NJ

Reply
 
Thread Tools Display Modes
  #1  
Old 03-08-2018, 04:55 PM
HOUND DOG HOUND DOG is offline
NJFishing.com Regular
 
Join Date: Mar 2008
Location: PA
Posts: 66
Default Did your boat insurance go up

I just renewed mine and it went up, called the broker and they could not tell me why.
I called the company and they told me because of the risk factor in the area? I was just wondering if you guys are seeing the same thing?
I have no accidents or tickets.
Just so frustrated at these company's doing what they want at our expense.
Reply With Quote
  #2  
Old 03-08-2018, 08:58 PM
J Barbosa J Barbosa is offline
NJFishing.com Member
 
Join Date: Jan 2017
Posts: 8
Default Re: Did your boat insurance go up

Yep, Boat US raised me $300 for no reason. They did it to a bunch of people. When I called they cited "Harvey"
Reply With Quote
  #3  
Old 03-10-2018, 07:12 AM
Billy223's Avatar
Billy223 Billy223 is offline
NJFishing.com Regular
 
Join Date: Jun 2011
Location: Clifton, NJ
Posts: 41
Default Re: Did your boat insurance go up

I just renewed mine yesterday. Same premium as last year $467 for full ins.

On another note:
BoatUS towing ins is 149. I contacted them as to why it was 99 last year and now to renew this year is 149 and this is the response to that...

Thank you, Billy. You joined through one of our New Jersey offers. All of our $99 introductory offers are for new Members only. Normal prices resume upon renewal. We attend many boat shows where we offer similar priving discounts and we also have West Marine events where you may have the opportunity to renew the membership at the discounted price, however, our full price is $149/year as listed on http://www.boatus.com/membership/plans-and-prices
Reply With Quote
  #4  
Old 03-16-2018, 09:55 AM
J Barbosa J Barbosa is offline
NJFishing.com Member
 
Join Date: Jan 2017
Posts: 8
Default Re: Did your boat insurance go up

Quote:
Originally Posted by Billy223 View Post
I just renewed mine yesterday. Same premium as last year $467 for full ins.

On another note:
BoatUS towing ins is 149. I contacted them as to why it was 99 last year and now to renew this year is 149 and this is the response to that...

Thank you, Billy. You joined through one of our New Jersey offers. All of our $99 introductory offers are for new Members only. Normal prices resume upon renewal. We attend many boat shows where we offer similar priving discounts and we also have West Marine events where you may have the opportunity to renew the membership at the discounted price, however, our full price is $149/year as listed on http://www.boatus.com/membership/plans-and-prices
BOAT US always tries to hit me with the separate towing bill each year until I call them to complain that it's already a rider on my policy and included in my regular boat insurance and then they say "Ohh, yea I see that" and wave it.

I'm kind of torn to leave them as they treated me very well on a small claim I had a few years ago but they raised my price $300 for 2018 citing big losses from Harvey. lol
Reply With Quote
  #5  
Old 03-16-2018, 10:05 AM
Capt. Debbie's Avatar
Capt. Debbie Capt. Debbie is offline
NJFishing.com Old Salt
 
Join Date: Mar 2008
Location: Suffern NY / Sandy Hook
Posts: 2,597
Default Re: Did your boat insurance go up

Shouldn't they assess the costs to the area actually hit by Harvey?

So if there's a storm anywhere you're a higher risk? Doesn't that bother you as simply gouging?


Also if you get Geico insurance, they throw in Boat US breakdown coverage under some BS shell company. Sea Tow does the same with Progressive Insurance.


Quote:
Originally Posted by J Barbosa View Post
BOAT US always tries to hit me with the separate towing bill each year until I call them to complain that it's already a rider on my policy and included in my regular boat insurance and then they say "Ohh, yea I see that" and wave it.

I'm kind of torn to leave them as they treated me very well on a small claim I had a few years ago but they raised my price $300 for 2018 citing big losses from Harvey. lol
__________________
Capt. Debs
Tow boat captain/salvor
50 ton USCG Master
NJ Boating College- Lead Instructor
Big time hottie crabber

Last edited by Capt. Debbie; 03-16-2018 at 10:07 AM..
Reply With Quote
  #6  
Old 03-16-2018, 01:09 PM
Gerry Zagorski's Avatar
Gerry Zagorski Gerry Zagorski is offline
Owner NJFishing.com
 
Join Date: Mar 2008
Location: Edison, NJ
Posts: 11,037
Default Re: Did your boat insurance go up

Just got this email from my insurance guy Vito Manzi... NICE!!

Hi Gerry,

Hope all is well. I just wanted to send you a quick email to let you know your GEICO boat renewal went down $204.00. Current premium is $1,025.00 and the renewal will be $821.00. I have attached a copy of the renewal for your review. The original will be mailed directly to you by GEICO.

Also, I highlighted the deductible section of the policy as there is $0 deductible on the policy. The policy has a vanishing deductible endorsement which came out last year, and the company gave you credit back to 2013, your first year with GEICO. Actually, the deductible disappeared on the 4/20/17 to 4/20/18 policy term(current year).

If you should have any questions, feel free to give me a call.

Have a nice weekend!

Regards,
Vito

Please note my new extension is 1002



Vito Manzi

Maiello & Manzi Associates, Inc

500 Craig Road Lower Level

Manalapan, NJ 07726

(848)863-6800 X 1002 * (888)572-4162 (Fax)
__________________

Gerry Zagorski <><

Founder/Owner of NJFishing.com since 1997
Proud Supporter of Heroes on the Water
NJFishing@aol.com
Obsession
28 Carolina Classic
Sandy Hook Area
Reply With Quote
  #7  
Old 03-16-2018, 03:50 PM
J Barbosa J Barbosa is offline
NJFishing.com Member
 
Join Date: Jan 2017
Posts: 8
Default Re: Did your boat insurance go up

Quote:
Originally Posted by Capt. Frank View Post
Shouldn't they assess the costs to the area actually hit by Harvey?

So if there's a storm anywhere you're a higher risk? Doesn't that bother you as simply gouging?


Also if you get Geico insurance, they throw in Boat US breakdown coverage under some BS shell company. Sea Tow does the same with Progressive Insurance.
It does, definitely going to shop around. Insurance companies all have certain "risk" factors, and for whatever reason mine and others went up, some stayed the same, and a few lucky ones like Gerry went down.
Reply With Quote
  #8  
Old 03-16-2018, 04:45 PM
tjd24 tjd24 is offline
NJFishing.com Ambassador
 
Join Date: Nov 2011
Posts: 377
Default Re: Did your boat insurance go up

My Premiums stayed the same for the last 3 years.
Boat Safe in Pt. Pleasant.
Reply With Quote
  #9  
Old 03-19-2018, 10:34 AM
Capt. Debbie's Avatar
Capt. Debbie Capt. Debbie is offline
NJFishing.com Old Salt
 
Join Date: Mar 2008
Location: Suffern NY / Sandy Hook
Posts: 2,597
Default Re: Did your boat insurance go up

Sounds more like a whim of your insurer. We use different oceans and live in different climates in NJ? Hardly. Its to get their profit margins up to the max the law allows. Then picking a customer.

You actually thinking boating risks changed between 2010 to 2011? Or 2017 to 2018? You know the answer. Put a rule out of am actuarial's a*s and charge'm. lol




Quote:
Originally Posted by J Barbosa View Post
It does, definitely going to shop around. Insurance companies all have certain "risk" factors, and for whatever reason mine and others went up, some stayed the same, and a few lucky ones like Gerry went down.
__________________
Capt. Debs
Tow boat captain/salvor
50 ton USCG Master
NJ Boating College- Lead Instructor
Big time hottie crabber
Reply With Quote
  #10  
Old 03-26-2018, 07:00 PM
Finprof Finprof is offline
NJFishing.com Ambassador
 
Join Date: Feb 2014
Location: Princeton Junction and St. Michaels MD
Posts: 120
Default Re: Did your boat insurance go up

My renewal notice from GEICO (BOATUS) just came in today. The premium was dropped 25% due to no claims. My boat is in Chesapeake Bay, which has not been hit by storms. Premium is now $288 for a 2013 22 ft center console.
Also, at the Saltwater show, I renewed towing insurance and got it for $85 because I have my boat insurance with them. It is normally $129 but available for $99 at the show.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 05:27 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.