Why have insurance???

[lilmule]

Unless one has a new boat kind of a waste with full coverage as pro rated,for years carried full coverage on a 1985 373v ranger,the payoff wouldnt have boght a decent motor let alone another pristine boat.
I do fish T and 300k is a requirement,I cover the other guy running an allison 2002 with a 140 insurance is but about 100 bucks a year,does not cover me for hitting a log,so one is a tad more carefull.
Studies indicate any boater that has accidents is more prone to repeat same accidents-example guy has a collision in 2009,had one again in 2010 but killed someone.This did happen nearby.
Studies also indicate if not new not required and you arnt using full coverage,having to pay for mistakes you actually make less of them.
Thus why insurance companies raise when it hits the fan.
I sign a waiver prior to going out with a boater,yet if I knew the guy ever had a collision id sit it out and be out entry fee.
Are you positive it wasnt that sandbar that sticks out all the way across almost just prior to rich creek.Yatesville was always one of my favorites.

[bigwormy]

Unless one has a new boat kind of a waste with full coverage as pro rated,for years carried full coverage on a 1985 373v ranger,the payoff wouldnt have boght a decent motor let alone another pristine boat.
I do fish T and 300k is a requirement,I cover the other guy running an allison 2002 with a 140 insurance is but about 100 bucks a year,does not cover me for hitting a log,so one is a tad more carefull.
Studies indicate any boater that has accidents is more prone to repeat same accidents-example guy has a collision in 2009,had one again in 2010 but killed someone.This did happen nearby.
Studies also indicate if not new not required and you arnt using full coverage,having to pay for mistakes you actually make less of them.
Thus why insurance companies raise when it hits the fan.
I sign a waiver prior to going out with a boater,yet if I knew the guy ever had a collision id sit it out and be out entry fee.
Are you positive it wasnt that sandbar that sticks out all the way across almost just prior to rich creek.Yatesville was always one of my favorites.

didnt hit the sand bar. saw the log. wasnt near rich creek.

[adam7456]

Unless one has a new boat kind of a waste with full coverage as pro rated,for years carried full coverage on a 1985 373v ranger,the payoff wouldnt have boght a decent motor let alone another pristine boat.

I'm not sure who you have insurance with but State Farm doesn't work that way. You insure your boat for whatever value you feel it is worth and they will cover repairs up to that limit.

I've had 2 claims submitted to State Farm on 2 different boats. In both cases I was told to fax them an estimate from a shop and the next week I had a check. The last claim was for a crack in the hull. I didn't think they would cover it but the agent said to go ahead and file the claim. Book value of my boat is around $1,200 but like you said I couldn't even replace my motor for that much less the boat. I have coverage for the boat and trailer up to $8,000 and the personal property on the boat for $2,000. That coverage costs me $180 a year. The estimate for the crack in the hull came back at $3,400, almost 3 times the book value of the boat and motor. There was no hassle with State Farm at all. They didn't even send out an adjuster. Just fax the estimate and the next week there was a check in my mailbox.

State Farm has not jacked up my rates or dropped me despite having two claims. I highly recommend them. I've look at other insurance companies and the cheapest was about double the premium that State Farm had.

[RoadToad]

Don't just say you're going to file a complaint, do it!

http://insurance.ky.gov/online_complaint.aspx