View Thread
Before Posting, Please Read Our Posting Guidelines Below.

1. Use the full 4 digit year for everything you are asking your question about. Example: 1962, 1988, 2000, 2011
2. Include the correct name of your Whaler model. Example: Montauk 17, Montauk 170, Outrage 26, Outrage 260
3. Include the length when necessary. Example: 16, 17, 18, 20, 22
4. Do not post your email address anywhere on this site as it is already in your user profile.

 Print Thread
Insuring my 1977 Outrage 21 - questions...
gigem
#1 Print Post
Posted on 11/17/08 - 2:17 PM
Member

Posts: 136
Comments: 0
Joined: 07/16/08

Looking to buy insurance for my Outrage 21. Any suggestions on how to derive a value? For reference, here is the boat...

http://www.gigem.com/whaler.htmwhaler.htm

The N.A.D.A. blue book is a joke. $1,280!

My thought is to insure it for $25,000. Does that seem reasonable?

How much would a survey cost? Do you think it would support that value?

The motor is a 1996 Evinrude OceanPro 175... I am including that in my $25,000 value...

Who do you have your insurance with? I am leaning towards Progressive...

Any help would be appreciated...


Edited by gigem on 11/17/08 - 2:18 PM
 
Finnegan
#2 Print Post
Posted on 11/17/08 - 4:02 PM
Member

Posts: 1926
Comments: 16
Joined: 05/02/08

I am in insurance, an Independent Agent.

You will need to buy an Agreed Amount policy, where the insurer will accept your amount and not hold you to those ridiculous NADA/BUC values. Not too many companies out there will do this, and as a Progressive Agent, I don't think Progressive will. I have several high value Whalers, and have them all insured to my estimated values. We can also handle over HP limit situations.

On an "agreed amount" policy, you can determine the amount of insurance you want, assuming it is somewhat reasonable, but in the event of a loss, proving up that value will be your responsibility, and some negotiation will always be involved. Comparable listings and sales can be used. Some companies will do "Agreed Amount", but will only go so high, probably not enough for one like yours.

We can write in almost all states, so if you want a free, highly competitive quote on an Agreed Amount basis, drop me a PM. I think your value is reasonable, as super-nice 70's Outrages are hard to find.



 
Jeff
#3 Print Post
Posted on 11/17/08 - 4:11 PM
User Avatar
Member

Posts: 1987
Comments: 34
Joined: 04/02/05

Larry has insured all of my whalers for full market values and I have never had a problem once. Great prices and no hassles even when I had to file a claim.


1993 23' Walkaround Whaler Drive
 
gigem
#4 Print Post
Posted on 11/17/08 - 4:32 PM
Member

Posts: 136
Comments: 0
Joined: 07/16/08

I assume that "Larry" and "Finnegan" are the same person?

If so, PM sent! Thanks!

 
Jeff
#5 Print Post
Posted on 11/17/08 - 5:33 PM
User Avatar
Member

Posts: 1987
Comments: 34
Joined: 04/02/05

Yes.


1993 23' Walkaround Whaler Drive
 
spuds
#6 Print Post
Posted on 12/01/08 - 4:24 PM
User Avatar
Member
Personal Page

Posts: 166
Comments: 5
Joined: 08/01/07

Gigem,

I think I saw your Whaler at Orlando's while mine was having some minor work done. Looks like it is coming along nicely.

I am also interested in getting insurance on my 1962 Nauset. Thanks for the tip.


Edited by Tom W Clark on 12/01/08 - 4:36 PM
1985 Outrage 18
 
Tom W Clark
#7 Print Post
Posted on 12/01/08 - 4:35 PM
User Avatar
Member
Personal Page

Posts: 4280
Comments: 7
Joined: 09/30/05

It is useful and prudent to have the boat surveyed to help establish its value, both market and replacement.

A survey of a Boston Whaler is not a big deal. It should only cost $200-$300 or so.

 
Jump to Forum:
Bookmark and Share
Today's Date & Time
November 24, 2024 - 9:34 AM
Visit our Sponsors
Specialty Marine - Parts and Accessories


Carver Covers - The Best Covers Under The Sun


Wm. J. Mills and Co. - Boston Whaler Canvas


Nauset Marine - Whaler Parts and Accessories



Click on logo to visit site
View all Sponsors Here
Users Online
Welcome
AuntiesMontauk
as the newest member

· Guests Online: 2
· Members Online: 0
· Total Members: 50,390
Login
Username

Password

Remember Me


Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.
Top 5 Models Posted
· Montauk 17 1,638
· Sport 13 1,366
· Outrage 18 556
· Nauset 16 402
· Sport 15 365

View all Models Here
Render time: 0.16 seconds Copyright WhalerCentral.com © 2003-2024 86,553,316 unique visits