Sharing my insurance experience - Blown Powerhead

[Snowedin3]

I recently blew my powerhead on my Optimax. Its an 2007 and obviously not under warranty. I'm sure many of you don't really shop around for boat insurance and maybe just bundle with what you have for home or auto. Back 6 years ago I had seen something in the boat insurance forum about travelers insurance covering "mechanical failure." I'll be honest I thought that it sounded "too good to be true" but I called Bob at world wide marine insurance and asked a couple questions and signed up for the policy which had a great yearly rate and included a waiver of depreciation and "mechanical failure coverage"

I know that was a lot of back story. Today I got notified that they're sending me a $10,500 check to cover my powerhead and I only had a $250 deductible. Basically it's like having an extended warranty without having one.

I don't work for travelers, I don't have friends that work for Travelers. If I was you though, I look into getting this coverage so when shit hits the fan, you know you're covered. The person they sent out to inspect my boat and the adjuster were both excellent to work with.

Just sharing my experience so that maybe it helps out a couple people down the road.

[RngrBill]

I have the same policy with Travelers through Bob Luellen/Worldwide Marine and I'm thrilled for you that everything worked as it was supposed to.

[Netweid1]

Is there a year model limit for mechanical failure?

[Snowedin3]

You’ll have to call and ask about that. My policy is for an agreed upon value so I’m not sure the age matters. There are some things that can make your claim not be covered such as Rust I was told. They sent someone to inspect my boat/engine even though my mechanic told them what happened.

[Netweid1]

Thanks for the post. Very interesting.

[Crimson850]

Who do I call about getting this?

[FXFishing]

Contact Bryan Partak with Ben Green Insurance Agency. This is the exact policy they offer. The powerhead coverage is a no brainer. Almost like you no longer need an extended warranty like stated above.

[RngrBill]

Who do I call about getting this?

Call Bob Luellen/Worldwide Marine 1-800-339-1235 or his cell 517-256-0734 he's a BBC board sponsor.

[Snowedin3]

Yes. I used Bob also.

[Basswhippa]

Interesting!

[headhigh]

I'm going to look into this. It would be nice to have that peace of mind on my ETEC.

[M-D]

Thanks for sharing this! I have placed a call and spoke with Bill and am awaiting a quote.

[Mullins057]

Yeah, i may have to check in on this also, please let us know if this is still offered, thanks

[RngrBill]

Yeah, i may have to check in on this also, please let us know if this is still offered, thanks

Bob Luellen is a fisherman, he knows boats, and he's a nice guy. I just renewed my policy for the 4th year, so I know it is still available. I only wish I had talked to Bob much sooner.

[Crankin]

My I ask for Bobs phone ? Also may I ask what your yearly premium is?

[Snowedin3]

517-627-8080

my premium is 433 a year.

[BoilermakerRT178]

517-627-8080

my premium is 433 a year.

this is for the whole policy on the boat which includes the “mechanical coverage “ or just the mechanical coverage itself?

[Snowedin3]

That’s everything for 433 a year.

[Hoffy1337]

Never heard of it. Glad you posted this. Thanks

[Crankin]

Great Post I will Give Bob a call.