New Motor - Insurance yes/no?

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11-20-2018, 10:40 PM
kellerqx

New Motor - Insurance yes/no?

Well I had to replace my 2 stroke 40 hp Mercury at 22 years of service.
I have never owned a new motor, so I dont know what the average person does, insure or no insure?
I realize it under $10K, so I didnt sell the farm.
I don't even know what coverage is available, boat, motor or both? Theft, damage while using/trailering, what ?
Typically I like to self-insure, but maybe this is crazy on new outboards.

Since its new and reliable, I would like to head out to some Alabama gems, get more outta exploring than catching fish. Any advice?

Thanks in advance.
11-21-2018, 06:29 AM
Crappkid

Quote:

Originally Posted by kellerqx

Well I had to replace my 2 stroke 40 hp Mercury at 22 years of service.
I have never owned a new motor, so I dont know what the average person does, insure or no insure?
I realize it under $10K, so I didnt sell the farm.
I don't even know what coverage is available, boat, motor or both? Theft, damage while using/trailering, what ?
Typically I like to self-insure, but maybe this is crazy on new outboards.

Since its new and reliable, I would like to head out to some Alabama gems, get more outta exploring than catching fish. Any advice?

Thanks in advance.

Insurance is cheap, wouldn’t think twice about getting some.

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11-21-2018, 06:36 AM
"G"

Full coverage....full replacement value. Covers everything.

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11-21-2018, 06:45 AM
ccollins

Boat ins is cheap
11-21-2018, 07:44 AM
FurFlyin

Quote:

Originally Posted by Crappkid

Insurance is cheap, wouldn’t think twice about getting some.

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I completely agree. It's very, very cheap. Get a low deductible and let her rip.
11-21-2018, 08:12 AM
tlefire

I agree. Insurance is cheap. Heck, even my tractors are insured.

I dont drive my truck without insurance, and i wouldn't drive my boat without insurance. You never know when something might happen. Just ask Bama.
11-21-2018, 05:00 PM
catchNgrease

It's a great piece of mind from a liability point also I just wonder if my underwriter knows I spend more time with my boat than my truck or my car combined. shhhh don't tell

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11-21-2018, 05:38 PM
Redge

Quote:

Originally Posted by "G"

Full coverage....full replacement value. Covers everything.

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X2!

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11-21-2018, 07:54 PM
lowe175

A lower unit will run around $2000. It will take a lot of insurance payments to make that.

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