Re: How many insure their boat with only liability insurance?
I insured my first boat during building. When I asked about insuring her after launching the broker came up with a policy which covered lightening( we get lightening every few years at most) theft of entire vessel.( She was not rigged. ) explosion( there was nothing to explode on her, and fire( there was no stove nor heater on board.) I told him where to stick his policy, and have had no insurance of any kind since.
I once made a claim for medical insurance and the company( world wide mediclaim, travel underwriters) refused to pay because I didnt have a credit card for them to put my expenses on, and force me to go to court to get paid. My brother, and others I have met also had bad experiences with them. I have little confidence insurers will pay any claim made .
Brent Swain, Boat designer, Builder, and author of "Origami Metal Boatbuilding"