diesel5599
Petty Officer 2nd Class
- Joined
- Sep 4, 2006
- Messages
- 169
Re: How Many Boat Owners Have Boat Insurance?
Well for me the boat is worth about $50K to replace so liability only wasn't an option. Also comprehensive covers uninsured or underinsured situations where you are not at fault but the other person does not have insurance or not enough insurance to cover your loss. BoatUS did not let me pick much except coverage levels, deductible, and full coverage or just liability. The only thing I wished they did let me do was reduce my annual rate by letting me agree to not use it during the winter months. From about Nov - March its going to be sitting on a trailer.
I have a multi-policy through Progressive (boat, motorcycle, auto, renter's) but my boat portion is only $220/year with $250 deductible! Check closely what comprehensive/collision is really going to do for you! Get liability for your boat and health for the passengers in your boat and in the other, and look at boat replacement for when you AREN'T at fault. This will cut down on the rates marginally.
If you're someone who races around with a speedboat, or you boat in a high traffic area where it's being done, then get the Collision portion........check which portions of insurance YOU want to carry and start from there.
Well for me the boat is worth about $50K to replace so liability only wasn't an option. Also comprehensive covers uninsured or underinsured situations where you are not at fault but the other person does not have insurance or not enough insurance to cover your loss. BoatUS did not let me pick much except coverage levels, deductible, and full coverage or just liability. The only thing I wished they did let me do was reduce my annual rate by letting me agree to not use it during the winter months. From about Nov - March its going to be sitting on a trailer.