|
|
Posts: 5
| Hi all, what's the best boat policy out there today? Do you find most of the policies do not cover tournaments? Anyone use Angler's Advantage??? Thanks for any ideas and comments!! - jim |
|
| |
|
| Jim,
I just switched over to Progressive and so far I have been really happy with their customer service and availability when you need to talk with someone. The thing that I really like is that their open every day of the year including Christmas. Try calling your local agent on Christmas morning and see if picks up the phone. I know that their coverage’s includes tournament fishing. They also have some great add on packages to the basic package, such as Fishing Equipment Coverage and New Boat Replacement. Just to give you a price idea, I am paying $151 per year for a 04 Targa and an additional $36 per year for $2500 of equipment coverage with a $100 deductible.
Now, with all of the stated, I have not had to report a claim, and this is when we all find out how good our coverage is. Just get on the internet and run a search on whatever company you go with. If there is someone out there that has had to make a claim with Progressive, I would love to hear how it went for you.
Mike
[email protected]
|
|
| |
|
Posts: 1335
Location: Chicago, Beverly | Progressive does not cover guide service, if you are a guide its not for you. |
|
| |
|
Posts: 1046
| I use a company called Acuity and I pay 321.00 a year round coverage 250.00/dec and thats 15,000 on boat/motor/trailer with 2500.00 for electronics and 5000.oo on other equipment with 1,ooo,ooo liability coverage and there is a seperate ryder they have for captains/guiding but I don`t know the cost as I don`t guide. Great service, I got a 1900.00 for my lower unit in 48 hours and no premium upgrade for the first incident. |
|
| |
|
Posts: 1936
Location: Eau Claire, WI | I use American Family. My policy will cover up to six tournaments a year that the entry fee is less than $350.
For those who are dedicated to tournament and guiding the best I ever found was through the NPAA. (National Professional Anglers Assoc. ) you can find a link on Walleye Central. They have a group package that covers the tournament guys and guides for about $700 a year.
If you fish tourney's or guide you need to check the exclusions on your policy.
Something else to think about is liability insurance for guiding. Boat insurance will cover a boating incident but will not cover you should you hook a client, they slip and fall in your boat, etc. I.e. You as a guide are neglegent in some way and cause personal injury to another person. We live in a very litegous society and you need to cover your a$$ or risk loosing it all. Ignorance is not an acceptable excuse in a court of law.
Too may people assume they are covered by things like homeowners policies and recreational boat policies and in some instances they are not covered. Tournaments and work-for-hire (guideing) is commercial commerce NOT recreational use, regardless how little or how much of it you do.
|
|
| |
|
Posts: 2427
Location: Ft. Wayne Indiana | Maybe I am super dumb, but what do you mean they won't cover tourney's?
I don't understand that.......what won't they cover, what does that mean?
Thanks for helping out an idiot. |
|
| |
|
Posts: 1936
Location: Eau Claire, WI | Mike,
There are many insurance policies that have exclusions for tournament fishing. I.e. you're in a tourney and something happens that you make a claim on they are not obligated to cover it.
Many people make assumptions when buying various types of insurance,(home, auto, etc.) and never look to see what the policy actually covers and doesn't cover.
The "Why" part of it is simple... There is more risk involved when people are fishing tournaments or guiding than if they are pleasure fishing. Boats traveling faster, more boats on the water, etc. all equals a greater exposure and increases the risk of an incident. Insurance companies are in business to make money. The higher the risk, the higher the premium or enter exlusions to coverage.
Best advice I can give anyone is to make sure you ask questions when buying a policy. I.e. "Is my boat covered under tournament situations", "How much liability coverage does this policy provide", "How much medical coverage for me, for passengers or those in another boat", "Is the coverage for my boat replacement cost or market value at the time of incident", "If market value then how is that determined"?
I am not an insurance agent but in my professional career I am involved in the decision making process for insurance for the company I work for. I have also learned to ask many questions involving insurance... I learned the hard way on a homeowners claim about 10 years ago, thought I was covered...I wasn't.
Insurance is a gamble for both parties involved. The insurance company gambles that they will collect more in premiums than they will pay in claims. You as a consumer need to decide two things... 1. Is insurance necessary? 2. How much and for what do I want to be covered?
Hope this helped a little. |
|
| |
|
Posts: 2427
Location: Ft. Wayne Indiana | Thanks it did help clear some questions that I had.
But when fishing a tourney and say you it a rock with your lower unit, why would you say, " I was fishing a PMTT event,......."
Why not just say, I was driving across the lake and hit a rock? |
|
| |
|
Posts: 1046
| I would go the honesty is the best policy route, as there are way to many insurance investigators out there just getting paid to locate fraud. Just one mans opinion! |
|
| |
|
Posts: 2427
Location: Ft. Wayne Indiana | but if you say, I was going across a lake and hit a rock, there is NO need or reason to mention Tourneys, is there???
I don't understand why you would.
|
|
| |
|
Posts: 1936
Location: Eau Claire, WI | Mike,
To bring it up on your own...no no reason really. But when filing a claim most claim agents have been educated to ask questions. It's up to you as to how you answer... For me... I'm with "Handy" honesty is always the best policy. It's one of the rules I live by.
Bottom line...if you are knowingly making a false claim and they find out, it's criminal (insurance fraud).
I wouldn't imagine the "stump/log" example you used is much of a big deal or if your boat got a bunch of dock rash due to a storm but in the event of a serious incident where there was personal injury, medical payments and possible litigation for neglegence on the part of one or several persons...Ouch. E.g. Loose control of a boat at top speed, hit another boater, reef, log, etc, personal injury to someone in your boat or another boat = Financial disaster if you in any way are in part or in whole at fault.
My best suggestion to you or anyone.
1. Buy the policy that offers the coverage you want, and understand what is and isn't covered.
2. Assume the risk you are willing to be responsible for.
3. Don't expect a $200 policy to offer the same coverage as a $600 policy.
4. Be a safe/responsible boater and you hopefully will never need to make a claim against your policy. |
|
| |
