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Discussion about Jetboats, rivers and related topics.

Re: Boat insurance

Postby broncobran68 » Thu Jan 10, 2019 4:47 pm

When I have a pic that is too large I email it to myself and my phone gives the option of reducing the file size.
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Re: Boat insurance

Postby Cowboy1 » Thu Jan 10, 2019 7:14 pm

Thanks for the advice Broncobran!! I will try that!!
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Re: Boat insurance

Postby Cowboy1 » Thu Jan 10, 2019 7:31 pm

And I present “The Ugly Duck”. These pictures aren’t very good but the best I could do for now. She is back on the water!!
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5D13071F-5E30-49FE-AEB0-8F3EA5876165.jpeg
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C3AA11C0-7A76-47CE-BEBB-D9CB382DAACD.jpeg
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Re: Boat insurance

Postby Penguin » Fri Jan 11, 2019 12:29 am

Everybody’s appetite for risk is different but I find it hard to believe that someone would consider paying premiums for comprehensive insurance on a boat valued at 20k. Do you have no self confidence at all? What are the chances of incurring a total loss from your own negligence? Pay yourself the premiums and take anxiety meds if you need to, but don’t throw your money away by being over insured.
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Re: Boat insurance

Postby whee » Fri Jan 11, 2019 9:29 am

Thanks for posting the pics! Pretty cool to see. I hope you share more pics of it as you get it setup the way you want.

Penguin wrote:Everybody’s appetite for risk is different but I find it hard to believe that someone would consider paying premiums for comprehensive insurance on a boat valued at 20k. Do you have no self confidence at all? What are the chances of incurring a total loss from your own negligence? Pay yourself the premiums and take anxiety meds if you need to, but don’t throw your money away by being over insured.


I can appreciate this perspective, I don't put comprehensive on my old boat, but many many people put comprehensive on boats valued far less and I can appreciate that too. It's easier to send the insurance company their annual check and not have to worry about having several $k in the bank to fix the boat if you smack a rock.
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Re: Boat insurance

Postby lovetheedge » Fri Jan 11, 2019 12:49 pm

For information purposes only that will apply to everyone. This an illustration only to make a point most don't understand. This applies to boat insurance as well as car insurance.

How a claim works. Lets say the boat is worth $10,000 at time of claim. Lets say there is $7,000 damage, the insurance company will settle it as a total loss. They will pay you what boat is worth, not what it is insured at, or up to the amount you insured it for if it is worth more. They keep the boat and offer to sell it to you for it's salvage value. Most companies use 70% of the boats value to determine if it is a total loss. If the estimated repairs exceed that amount, it is a total loss.

Some people insure their $10,000 boat for $5,000 thinking they most probably won't total the boat. Well if repairs exceed $3500, they total the boat and pay you $5,000 and they keep the boat or sell it back to you for salvage value. So always insure the boat for it's value.

If you insure it for $20,000 and it is only worth $10,000, they will pay you $10,000 at the most, so you are paying premiums for something you won't get.

When you insure the boat, some companies ask what did you pay for it and some ask what is it's value now to determine the premium. Obviously there will be a lower premium for the value now rather cost new for a boat that is say 5 years old and worth less than the amount paid for.
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Re: Boat insurance

Postby seanster » Fri Jan 11, 2019 1:05 pm

Good info to know! Is there a blue book or some other way that an insurance company determines the value of your boat?
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Re: Boat insurance

Postby Cowboy1 » Fri Jan 11, 2019 1:11 pm

Thanks for the info!! Much appreciated!! I will be doing some more homework on this.
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Re: Boat insurance

Postby lovetheedge » Fri Jan 11, 2019 1:19 pm

No blue book I know of, some companies have their own list or they call someone for an appraisal.
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Re: Boat insurance

Postby Lincoln » Fri Jan 11, 2019 2:52 pm

Also don't forget to include all the extras. Boat value is what it's worth as it sets. If you have a $2000 fish finder and a $3000 kicker I include those.
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Re: Boat insurance

Postby Smoke » Fri Jan 11, 2019 3:28 pm

I’ve had luck cropping down the outside edges of pics too large to get them to post.
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Re: Boat insurance

Postby Skirulefool » Fri Jan 11, 2019 5:07 pm

What is that about a 14-foot nose on a 25 foot boat?
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Re: Boat insurance

Postby Cowboy1 » Fri Jan 11, 2019 6:38 pm

I guess it rides through the white water better with that big old nose. Hence what it’s named. I thought about cutting it down but I think I will run it a bit first and see what I think. I thought it would block a lot of my view but it doesn’t supprisingly.
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Re: Boat insurance

Postby Music Man » Fri Jan 11, 2019 10:39 pm

Smoke wrote:I’ve had luck cropping down the outside edges of pics too large to get them to post.

Google "free picture resizer" there are plenty of programs. :Drink:
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Re: Boat insurance

Postby lovetheedge » Sat Jan 12, 2019 12:16 am

To what size do you resize it to so it will fit. Thanks
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Re: Boat insurance

Postby Music Man » Sat Jan 12, 2019 1:57 am

From FAQ....Can I post images?
Yes, images can be shown in your posts. If the administrator has allowed attachments, you may be able to upload the image to the board. Otherwise, you must link to an image stored on a publicly accessible web server, e.g. http://www.example.com/my-picture.gif. You cannot link to pictures stored on your own PC (unless it is a publicly accessible server) nor images stored behind authentication mechanisms, e.g. hotmail or yahoo mailboxes, password protected sites, etc. To display the image use the BBCode [img] tag.

I couldn't find anything saying anything about file size though!!! Need to ask an admin.
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Re: Boat insurance

Postby seanster » Sat Jan 12, 2019 8:33 am

Music Man wrote:I couldn't find anything saying anything about file size though!!! Need to ask an admin.


Admin1 wrote:Maximum picture size is 2MB, added a Sticky so everyone knows in the future.


Admin's quote is from the Jet Boat photo and Video Gallery thread.

Good luck!


"
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Re: Boat insurance

Postby broncobran68 » Sat Jan 12, 2019 10:41 am

seanster wrote:Good info to know! Is there a blue book or some other way that an insurance company determines the value of your boat?


When I had my claim, I sent Liberty Mutual links to several craigslist ads of boats of similar age with similar equipment and higher prices. It was pretty easy to convince them of my boat’s value.
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Re: Boat insurance

Postby viking » Sat Jan 12, 2019 12:47 pm

To resize on a Windows PC, open Windows>Accessories>Paint. It has a resize option. Reduce to 800 pixels wide.
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