DO NOT INSURE YOUR BOAT WITH PROGRESSIVE

Eluther3 said:
Have to share my experience with Geico. They were my initial insurer when I bought my 92 400EC back in 2019. Rates seemed reasonable and I had no claims or incidents. Was time for renewal and I was inspecting the renewal paperwork and I noticed the term "port risk ashore" on the policy. I asked about it and was told that it means the boat is insured as long as it is not placed in the water (??!!!). Apparently they were concerned about some issues during the survey, but I can find no correspondence from them that said these items needed to be corrected prior to coverage. For a 40 foot boat in a full time slip, Port Risk Ashore coverage is totally worthless. I essentially paid for a year of non-coverage!

Switched to Progressive. I guess bad coverage is better than none!
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Can you share what the survey issues were?
 
Eluther3 said:
Survey mentioned high moisture in the inboard springer. Not sure if that's what they objected to, but that was the most serious issue on the survey
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Because that is not an accident. Boat insurance covers accidents and damage occurring from one.
 
bobeast said:
As a lawyer, I would think you'd be careful about discussing litigation in an open forum. (not that I won't follow with interest)
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whats wrong with it? also he said he may sue so theres nothing going.
 
Talked to my friend. Progressive sent out a rep and she seemed to know what she was doing. He says he received a check on a timely basis, so he was satisfied about that. Only downside is that now he is putting the engine room back together and he wonders if he recieved enough money to fix all of the damage, so the jury is still out
 
Hit a submerged log once with the 330DA, bent both props and one shaft. Boat US paid the claim without sending anybody out, no questions asked.
 
Travelers came through for me with their mechanical breakdown coverage when my engine failed.

It took a few months from start to finish because of the time of year and pulling the boat out in the winter to do the work but they came through in the end.
 
I recieved a qoute from NBOA and the qoute seemed very good from a cost perspective. However they do not offer mechanical breakdown coverage like Travelers which is who I insure with. I beleive the addional cost is justified for a major repair beyond the deductible.
 
Insurance options are tightening even further. I received an email that Geico will not insure through independent agencies or brokers after May 24th. Any policies that are issued as such will be served non-renewal notices.
I'm not insured through Geico but thought I'd pass along the info.
 
ttmott said:
Insurance options are tightening even further. I received an email that Geico will not insure through independent agencies or brokers after May 24th. Any policies that are issued as such will be served non-renewal notices.
I'm not insured through Geico but thought I'd pass along the info.
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Sure but your can go direct? and/or thru boatus.
 
JB MARSHALL said:
mechanical breakdown coverage like Travelers which is who I insure with. I beleive the addional cost is justified for a major repair beyond the deductible.
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I was not aware of "mechanical breakdown" coverage. Without going too off topic can you share what this covers?
 
mrsrobinson said:
I was not aware of "mechanical breakdown" coverage. Without going too off topic can you share what this covers?
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Engines, running gear (props, rudders & shafts) of course you will have a deductible that will have to be met but if you do hefty damage into the tens of thousands you will want the xtra coverage. I know first hand of this and will not do without mechanical coverage.
 
JB MARSHALL said:
Engines, running gear (props, rudders & shafts) of course you will have a deductible that will have to be met but if you do hefty damage into the tens of thousands you will want the xtra coverage. I know first hand of this and will not do without mechanical coverage.
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@JB MARSHALL
To your knowledge, does anyone other than travelers offer this coverage?
Thanks!
Shaps
 
JB MARSHALL said:
Engines, running gear (props, rudders & shafts) of course you will have a deductible that will have to be met but if you do hefty damage into the tens of thousands you will want the xtra coverage. I know first hand of this and will not do without mechanical coverage.
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Make sure you're super clear on the language in your Travelers policy. I've never heard someone here claim they don't have a depreciation schedule on their mechanical coverage?

Most "yacht" policies should/will have mechanical coverage but most/all will have depreciation schedules. Seven (7) years seems to be pretty common.
 
I have progressive, love them. I have the 'propulsion plus' on our 240 Sun Deck, which covers engine and drive. Had a gear issue in the B3 after 600 hours. Progressive wanted maintenance records, to show I had changed the oil regularly. Paid the $250 deductible and they covered the rest.
 
douglee25 said:
Any updates?
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Yes. Filed a small claims lawsuit against Progressive last Monday for the jurisdictional limit of $10,000. My claim, less deductible is around $12,500, but the small claims process is expedited and you are not permitted to have lawyers represent you (I think this is relatively unique to CA). Because of COVID they are extremely backed up and so the hearing is not until September. I intend to have my surveyor, the foreman from the yard, as well as the foreman from the ironworks facility that received the broken shaft and fabricated my new shaft, as my witnesses. Maybe they'll decide to settle in advance.

My surveyor told me he's been working two more Progressive claims on which they have refused to pay. I've had an insurance survey completed, am fixing a couple of things (learned that insurers require the regular 'red' ABC extinguishers, rather than the 'white' marine fire extinguishers, which are only BC) and then will be moving the coverage to Chubb, Travelers or BoatUS (Geico).

Will update as things proceed. If it settles, I'll advise that it settled, although I suspect the amount will be confidential.

The wheels of justice turn extraordinarily slowly...
 
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bfernald0 said:
Yes. Filed a small claims lawsuit against Progressive last Monday for the jurisdictional limit of $10,000. My claim, less deductible is around $12,500, but the small claims process is expedited and you are not permitted to have lawyers represent you (I think this is relatively unique to CA). Because of COVID they are extremely backed up and so the hearing is not until September. I intend to have my surveyor, the foreman from the yard, as well as the foreman from the ironworks facility that received the broken shaft and fabricated my new shaft, as my witnesses. Maybe they'll decide to settle in advance.

My surveyor told me he's been working two more Progressive claims on which they have refused to pay. I've had an insurance survey completed, am fixing a couple of things (learned that insurers require the regular 'red' ABC extinguishers, rather than the 'white' marine fire extinguishers, which are only BC) and then will be moving the coverage to Chubb, Travelers or BoatUS (Geico).

Will update as things proceed. If it settles, I'll advise that it settled, although I suspect the amount will be confidential.

The wheels of justice turn extraordinarily slowly...
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FYI, because they are a corporation, they will be represented by a lawyer. So you'll be at a bit of a disadvantage. Take this time to prepare. Good luck.
 
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