SailNet Community - View Single Post - NE Insurance Rates - Reasonable?
View Single Post
post #37 of Old 05-02-2013
TakeFive
Senior Member
 
TakeFive's Avatar
 
Join Date: Oct 2009
Location: Swarthmore, PA
Posts: 3,776
Thanks: 12
Thanked 98 Times in 87 Posts
Rep Power: 8
 
Re: NE Insurance Rates - Reasonable?

Quote:
Originally Posted by Harborless View Post
...1500 for the haulout survey and policy?...
$1500 - $170 = $1330.

I cannot believe that haulout and insurance survey of a 27' boat would cost you $1330. My 25 footer was $300 for the pre-purchase survey ($12/foot is the going rate here), and insurance surveys are less thorough and less costly than pre-purchase surveys.

A "personal survey" of a boat is about as worthless as a "self appraisal" of one's own house. There is a reason insurance and mortgage companies hire trained, impartial professionals to do this stuff.

This is all academic anyway, because a $170 liability policy probably would not cover you outside US coastal waters, so heading out of US waters is probably the most responsible thing any uninsured boater can do.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

2001 Catalina 34MkII Breakin' Away (at Rock Hall Landing Marina)
PO of 1998 Catalina 250WK Take Five (new owners relocated to Baltimore's Inner Harbor)
1991 17' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)

Last edited by TakeFive; 05-02-2013 at 12:28 PM.
TakeFive is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome