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Old 17 October 2012, 15:55   #11
ncp
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Reading this thread, I guess I will have to give Progressive a call.

I need to renew ASAP and I was going to go with Boats US. But, they're having trouble insuring the value that I would like. They are saying that a 1993 Willard is worth $20,000. I asked them how they got there number and they said there are data bases out there (buc.com was one that they mentioned...I looked them up, nothing on a Willard 730 or a Zodiac H733). So, obviously, this boat isn't something they really have a lot of knowledge on). Currently, they're researching my "upgrades" that I have done since I purchased it. We'll see what they come back with.

Most Willards that we see sold on rib.net are going for between $27K-$50K depending on specs.

Any suggestions???
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Old 17 October 2012, 16:23   #12
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Ok, Boat US won't insure a Willard for more than $20,000. I'm going to have to try Progressive based on this thread!!!
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Old 17 October 2012, 17:55   #13
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You want an agreed value yacht policy

Not a depreciating value boat policy.
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Old 17 October 2012, 18:30   #14
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Quote:
Originally Posted by captnjack View Post
You want an agreed value yacht policy

Not a depreciating value boat policy.
Thanks captjack

Boats US offered me both types of policies at $20,000. The Cash Value (depreciating) was $306 while the Agree Hull Value was $346. They claimed that this was the most a 1993 hull could be insured at. I even had them check with the higher ups and call me back. They said that they use a "variety of databases" one of which was buc.com. I went onto buc.com and tried to get a value for either an i/o H733 & Willard 730...both weren't in their database. So, I don't know where Boats US was getting their numbers from. As most of us are aware, most Willards sell on here for $28K-$35 depending on the quality of restoration and accessories. Some rarer models, have gone for much higher.

Progressive gave me a quote for a $30K value and so did Foremost...Foremost was >$200 cheaper.
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Old 17 October 2012, 18:59   #15
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Cool glad you got its sorted out. Weird that they had no clue what Willards and 733s are going for.
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