Other How do you insure your AM hull build

[rwilliamtaylor]

My insurance company is reluctant to insure my Gen 3 BOB because they are calling it a custom high performance watercraft.

How are you guys getting your custom builds insured? Who are you insured with?

Thanks.

 

[mydixiewrecked]

I don't think anyone is insured except for liability

 

[ChadGnarly]

Progressive. I explained to them how much money i have into my ski, way too much too admit. Its about 4 hundo a year. They said i would need to provide pics, build threads and receipts if i needed to file a claim for the full value. Im sure it will be a real hassle if it comes to that but at least i feel somewhat covered.

 

[N3vrSat1sfied]

Progressive from usaa for an agreed upon value, mine is less that $200 a year. Same as above post pics and receipts if claim was filled, thankfully I have been keeping track of them!

I did the lowest liability. I just wanted to be covered from fire, theft, etc

EDIT: Progressive denied me for state issued HIN, went with wakezone.

 

[ChadGnarly]

Or sinking was my biggest concern

 

[N3vrSat1sfied]

Or sinking was my biggest concern

That's covered under the etc. lol

 

[RivMan]

Contact Stacy at WakeZone insurance, she can insure custom built hulls. I can pretty much guarantee that your going to be denied any claim through progressive if it comes to that...

http://www.offshoreonly.com/forums/insurance-finance/277542-custom-jet-ski-insurance.html

-Rob

 

[wanderer1]

Above post is a good idea. I'm insured by Nationwide and provided documentation as to the actual cost of my skis and parts. I also have a signed document from the actual underwriter not the agent that they understand what I provided them as factual and will reimburse in the event of a claim.

 

[tipafew]

Mine is insured against theft through Remington.

 

[Matt_E]

Mine is insured against theft through Remington.

A'ight, who's got your legal insurance then?

 

[N3vrSat1sfied]

Well progressive just sent me a cancelation notice saying they can't insure it for physical damage because it has a state issued hin. So looks like ill call wake zone.

 

[rwilliamtaylor]

Ya... Give Stacy a call... she hooked me up with full insurance on our BOB at a pretty reasonable price. It will depend on what you think your replacement value is and what you decide on liability limits, but she was more really competitive with any others (before they said no because it was a "customized" watercraft). Tell her you're from X-H20.


Sent from my iPad using Tapatalk HD

 

[lightweight]

Lords of london. they insure anything, but you might not like the cost

 

[550/440]

LLoyds of London. LOL - the original insurance company. I wonder if they were LOL'ing when they created the business...

 

[N3vrSat1sfied]

Just got off the phone with progressive, Ya they will only cover liabilty. NO fire theft or anything to do with the value of the ski. I will call Stacy tomorrow, I didn't bring my skis info with me.

 

[Matt_E]

^^ There you go. That's been my experience, over-enthusiastic sales agents that don't know their own policies and promise you the moon.

 

[N3vrSat1sfied]

Yup I Canceled that policy, they are giving me a full refund though so thats good

 

[jnutz]

word of advice , most agents, home auto boat life... have noooooooooooo clue

 

[stagesrt4]

ive been playing around with this in the past few weeks

ive called many different under writers n they all keep saying NO.....


im gonna try geico next, then maybe a few mom n pop places...


Most say they cant insure ski cause the brand isnt in their list of approved skis

 

[Matt_E]

And that's why I am extremely skeptical any time anyone posts that their agent hooked them up. Maybe that's what the agent truly believes, but at claim time you find out just how much that policy was worth. I am not discounting legit policies, but I would encourage potential buyers to look over the policy text very very closely and if at all possible, speak to an underwriter