Join Date: Sep 2012
Location: Buffalo, N.Y.
Thanked 5 Times in 4 Posts
Rep Power: 3
Re: How many insure their boat with only liability insurance?
I was unable to get insurance without going through major hoops for my latiest boat because my boat is a kit boat and is consitered home made. I got it for free but put 5k in cash into materials and at least 200 hours overhauling her. I think I'm ok with only liability. Rolling the dice may also be easier for me because I'm at a dock and I'm on the great lakes not the ocean. I also redisigned the boat so that it would still float if it were cut into pieces. Really sick of giving my hard earned money to insurance companys just to get screwed when you do have a problem. Insurance is a scam to make the rich richer. I only keep it to protect my family.