Value insured project boats?

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oldschooltiller

Seaman
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May 4, 2012
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67
Back in the day I had a Mercury Comet Convertible (Ford Fairlane basically), and I had it insured at a value that I agreed upon.

Are any boat insurance policies available with a similar agreed value insurance?
 
jbcurt00

jbcurt00

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Oct 25, 2011
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Re: Value insured project boats?

Might try posting this Q in the Boat Topics forum

Lots of buying/selling & insuring discussions over there.

Good luck getting the info & the insurance :)
 
F14CRAZY

F14CRAZY

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Aug 12, 2008
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Re: Value insured project boats?

My Bayliner is insured with an agreed upon value policy through my State Farm agent ($4k)
 
Pmccraney

Pmccraney

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Jul 26, 2011
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Re: Value insured project boats?

I got my Chris Craft insured for way more than I paid for it... The agent said what's the value?, and I gave her a number that I thought would recoup my time, materials, etc.. if got stolen or damaged by fire, etc.. There was no independent valuation, survey, etc...

However, that was a 1975 boat, and I'm not sure if they would do the same for new models...
 
86 century

86 century

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Re: Value insured project boats?

Geico will do it. Your premium is based on what you claim its worth
 
tpenfield

tpenfield

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Re: Value insured project boats?

I also have an agreed value insurance policy on my new-to-me boat. In most cases, you will need a surveyor's report to substantiate the value.
 
lakelover

lakelover

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Mar 26, 2003
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4,386
Re: Value insured project boats?

I got a quote from Boat US for an agreed value. I named a value on the application, and they agreed to it; I just had to send pictures of it.
 
F14CRAZY

F14CRAZY

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Joined
Aug 12, 2008
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Re: Value insured project boats?

State Farm didn't need pictures, a survey, or anything else other than what I told my agent what I wanted it to be insured for over the phone
 
D

djpeters

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Jun 9, 2010
Messages
1,824
Re: Value insured project boats?

F14CRAZY said:
State Farm didn't need pictures, a survey, or anything else other than what I told my agent what I wanted it to be insured for over the phone
Click to expand...

Same here...
 
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