Join Date: Oct 2010
Thanked 79 Times in 77 Posts
Rep Power: 7
Re: Boat Insurance Nuances - do I have it wrong?
Would this be liability only at a minimum?
Also, for liability only, is it typically an exorbitant amount? A few thousand a year? or more than 10k per year for a 20 yr old sub-40 foot boat....? Just trying to get a handle on how ridiculous (or not) it may be. Of course, a new boat would likely cost more to insure, i get it.
Boat US quoted me a cost of $500 a year on a liability only policy for a 42 foot boat. Hull coverage from another insurer had been only $2500 for the complete Caribbean, except for the hurricane box.
On the northern Gulf of Mexico.
"Best thing to do is get her out on the ocean. If anything's gonna happen, it's gonna happen out there." Captain Ron Rico