Whitfield Marine Insurance Group
Dana Whitfield, Marine Insurance Specialist
Prepared For
Michael and Laura Bennett
Vessel
2021 60' Viking Sportfish
Report Date
August 31, 2026
- Home port
- Palm Beach, FL
- Use
- Private recreational
- Hull material
- Fiberglass
- Engines
- Twin diesel, 1,200 hp each
- Requested navigation
- Florida, Bahamas, U.S. East Coast
Quote Details
Quote 1
Sample Carrier A
$18,450 / year
Quote 2
Sample Carrier B
$21,300 / year
Quote 3
Sample Carrier C
$17,900 / year
Carrier
Stated- Quote 1
- Sample Carrier A
- Quote 2
- Sample Carrier B
- Quote 3
- Sample Carrier C
View Source → Page 1
Annual premium
Different- Quote 1
- $18,450
- Quote 2
- $21,300
- Quote 3
- $17,900
View Source → Page 1
Hull value (agreed)
Different- Quote 1
- $3,200,000
- Quote 2
- $3,200,000
- Quote 3
- $3,050,000
View Source → Page 2
Liability
Different- Quote 1
- $500,000
- Quote 2
- $1,000,000
- Quote 3
- $500,000
View Source → Page 2
Named-storm deductible
Different- Quote 1
- 5%
- Quote 2
- 10%
- Quote 3
- 10%
View Source → Page 3
Standard deductible
Different- Quote 1
- $16,000
- Quote 2
- $16,000
- Quote 3
- $15,250
View Source → Page 3
Navigation
Different- Quote 1
- Florida & Bahamas
- Quote 2
- Florida only
- Quote 3
- Florida, Bahamas & U.S. East Coast
View Source → Page 4
Medical payments
Different- Quote 1
- $10,000
- Quote 2
- $5,000
- Quote 3
- Not Stated
View Source → Page 5
Tender coverage
Different- Quote 1
- $45,000
- Quote 2
- $45,000
- Quote 3
- Not Stated
View Source → Page 5
Wreck removal
Different- Quote 1
- Stated
- Quote 2
- Not Stated
- Quote 3
- Stated
View Source → Page 6
Salvage
Stated- Quote 1
- Stated
- Quote 2
- Stated
- Quote 3
- Stated
View Source → Page 6
Uninsured boater
Different- Quote 1
- $500,000
- Quote 2
- Not Stated
- Quote 3
- $300,000
View Source → Page 6
Operator requirements
Requires Clarification- Quote 1
- Named operators only
- Quote 2
- Referenced endorsement not included
- Quote 3
- Named operators only
View Source → Page 7
Lay-up period
Requires Clarification- Quote 1
- Not required
- Quote 2
- July 1 – October 31
- Quote 3
- Not Stated
View Source → Page 7
Endorsements
Different- Quote 1
- Hurricane haul-out reimbursement
- Quote 2
- Captain warranty; hurricane plan
- Quote 3
- Hurricane haul-out reimbursement
View Source → Page 8
What Differs Across These Quotes
- Liability is $500,000 on Quote 1 and Quote 3, and $1,000,000 on Quote 2.
- Named-storm deductible is 5% on Quote 1 and 10% on Quote 2 and Quote 3.
- Navigation area differs on all three: Quote 2 states Florida only; Quote 3 includes the U.S. East Coast.
- Wreck removal is stated on Quote 1 and Quote 3 and Not Stated on Quote 2.
- Medical payments, tender coverage, and uninsured boater are Not Stated on at least one quote.
- Quote 2 states a July 1 – October 31 lay-up period; Quote 1 states none.
Items to Review or Clarify
- Quote 2 references an operator endorsement that was not included in the document set.
- Quote 3 does not state a lay-up period.
- Tender coverage and medical payments are not stated on Quote 3.
- Confirm whether the agreed hull value on Quote 3 reflects the current survey.
Professional Guidance
The Bahamas cruising you described for July falls outside the navigation area stated on Quote 2. If that itinerary stands, that navigation limit is the detail to resolve first.
The named-storm deductible difference between 5% and 10% is roughly $96,000 of exposure at the stated hull values — worth weighing against the premium difference.
Professional Recommendation
Quote 1
Based on your stated July Bahamas itinerary and your preference for the lower storm deductible, I recommend Quote 1, with a request to the carrier to raise liability to $1,000,000.
Dana Whitfield, Marine Insurance Specialist — License #A123456