[Rhodes22-list] Outboard Insurance

[Bob Garrant]

Thanks Roger
Good idea about the replacement value
However the itemized accounting for insurance purposes caused the abacus on
my T-Account Yellow Pad to overheat.
So I’ll just go back to repairing the cable for my non-CDI furler. I hope
to make some progress on that tomorrow.
We’ll see
Bob

On Sat, Jun 5, 2021 at 5:11 PM ROGER PIHLAJA <roger_pihlaja at msn.com> wrote:

> Bob,
>
> We bundled our R-22, Honda outboard, and Lil Dude trailer into our home
> owner’s insurance policy.  We have Auto Owners.  Not being able to insure
> your outboard is utter nonsense!  Find a different insurance company.
>
> We got a separate appraisal for the R-22’s hull and rigging.  Then, we
> have a separate schedule of equipment.  I keep this on a spreadsheet and we
> provided our insurance company with copies of receipts to prove value.  We
> update the spreadsheet every year when the premium comes due.  This
> schedule includes everything from anchors to sails to VHF radios.  There is
> actually more equipment cost than the hull is worth!
>
> Although it’s a lot of work up front, the advantage of doing it this way
> is that I have an agreed upon value for the whole boat.  My insurance
> company and I won’t get into a dispute in the event of a total loss.  Also,
> make sure you get a full replacement value policy, not depreciated value.
>
> Roger Pihlaja
> S/V Dynamic Equilibrium
>
> Sent from my iPhone
>
> > On Jun 5, 2021, at 4:31 PM, Bob Garrant <bgarrant at gmail.com> wrote:
> >
> > I switched from USAA/Progressive to BoatUS/Geico. Way cheaper. Easy to
> deal
> > with towboaUS.
> > My insurance covers my outboard Honda 8 hp
> > Bob Garrant
> > s/v Sail la Vie 2000
> > Kent island MD
> >
> >
> >> On Fri, Jun 4, 2021 at 5:52 PM Lee <lvjkuhn at gmail.com> wrote:
> >>
> >> My insurance company is USAA but they contract out to Progressive for
> >> boats.
> >> Progressive told me they can't insure outboards for sailboats.  My
> outboard
> >> is inexpensive so it's probably okay, but because it's so small someone
> >> could easily steal it or I could drop it in the drink, again.
> >>
> >> Do any of you all insure your outboards?
> >>
> >> Lee
> >> 1999 Rhodes22
> >> Claytor Lake, VA
> >>
> >>
> >>
> >> --
> >> Sent from: http://rhodes-22.1065344.n5.nabble.com/
> >>
>