Boat Insurance

[crwalker1987]

Hey guys,

Just shopping around for Boat insurance. I got a really good quote from Portside insurance here in Ottawa. I also got a decent one from Northstar Marine Insurance. Anyone ever deal with them or have any other suggestions.

Cheers,

Chris

[zeke13]

I've always been with Rhodes & Williams.

[lape0019]

I went through this in January and ended up with Portside. It doesn’t cover quite as much as Northstar and Rhodes and Williams did in my case for content insurance but was substantially cheaper than any other company and because of how and where I store my boat, I was not concerned.

Second reason I went with Portside was that they were the only company to offer monthly payments.

Granted, things may be a bit different between the boat I bought and the boat you are trying to insure but I just couldn’t find a cheaper option and I think I was close to 6 quotes before I made up my mind. This is also the insurance company that was recommended by the place I bought my boat.

[lape0019]

As another note, I also checked with Aviva and MD insurance. Aviva offered some pretty good payment options as well.

[crwalker1987]

Hey Lape,

What were the differences in coverage options between port side and north star? Maybe I missed something when it was explained to me but they both offered me $5000 in content and $5000 in towing and $1500 in boat rental. I imagine you probably have more than $5000 which of content. I unfortunately do not

[TheMaverick]

Hey Lape,

What were the differences in coverage options between port side and north star? Maybe I missed something when it was explained to me but they both offered me $5000 in content and $5000 in towing and $1500 in boat rental. I imagine you probably have more than $5000 which of content. I unfortunately do not

What kind of boat do you have, are you storing the boat inside for winter? Units\tackle, do you want that covered as well?
Rhodes and Williams is an insurance broker.

[banjo]

Generally you get what you pay for.
You will want to confirm if your policy is Agreed Value or Actual Value payout on total loss of your boat. If you want cheaper premiums and will be satisfied getting paid a fraction of what you're boat is worth if it's totalled, then go Actual Value. Otherwise pay higher premiums but get payed out exactly what your boat is insured for with an Agreed Value policy.

[crwalker1987]

The policy was indeed for agreed value. the boat is a 1450 crestliner discovery with a 40hp merc. I think i will go with portside as they are offering the same as the others are a better rate.

Cheers,

Chris

[lape0019]

Everything was the same between the two other than I had requested a quote for $10,000 content insurance instead of $5,000.

And yes, both were agreed value.

I’ve sent you a PM.

[Paul Shibata]

My recommendation would be to speak with Heather Bonadie at Rhodes and Williams before you make a final decision. Heather is a certified marine expert and only deals with boat insurance. As already mentioned, Rhodes is a broker and will assist in finding the best insurance for you from a variety of companies. From my experience, there is always a reason why a particular insurance is cheaper than another, sometimes it's because it's legitimately a great deal, however and more often than not the discount reflects less coverage which you will only discover when it's too late.

Heather has been part of the fishing community for many years and will nicely explain in simple terms the most important facts about marine insurance which will help guide your decision. She also won't hesitate to tell you if your existing deal is better than what she can offer, something which has earned her a lot of respect. Be sure to mention Renegade Bass, we enjoy favorable rates which she will pass on to you.

The call cost nothing and please report back here if it was worth it or not.

Heather Bonadie
Rhodes and Williams
(613) 226-6590

[crwalker1987]

Hey,

Paul, ended up going with Heather. The coverage was better at only a minor price difference. Thanks again for the tip!

Cheers,

Chris

[Fishquest]

After visiting the boat show in Toronto and chatting with almost all the insurance companies I just switched over to Portside. Very friendly and competitive pricing, actually less than half of what I was paying thru my local company here in Peterborough.

[lapointeric]

My recommendation would be to speak with Heather Bonadie at Rhodes and Williams before you make a final decision. Heather is a certified marine expert and only deals with boat insurance. As already mentioned, Rhodes is a broker and will assist in finding the best insurance for you from a variety of companies. From my experience, there is always a reason why a particular insurance is cheaper than another, sometimes it's because it's legitimately a great deal, however and more often than not the discount reflects less coverage which you will only discover when it's too late.

Heather has been part of the fishing community for many years and will nicely explain in simple terms the most important facts about marine insurance which will help guide your decision. She also won't hesitate to tell you if your existing deal is better than what she can offer, something which has earned her a lot of respect. Be sure to mention Renegade Bass, we enjoy favorable rates which she will pass on to you.

The call cost nothing and please report back here if it was worth it or not.

Heather Bonadie
Rhodes and Williams
(613) 226-6590

Noted, thanks. Will be calling Heather and Portside next week.

E