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post #18 of Old 01-30-2014
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Re: 10K$ boat --- Are Insurance and Survey REALLY mandatory?

Not sure where you are located but in Seattle/Everett I used Safeco insurance... they did not require a survey based on the cost of the sailboat. I have the following for insurance:

$300,000 liability (needed by the Everett Marina)
$1 mil environmental (fuel spill clean up)
$15,000 medical per passenger liability (I think this is small in my book)
$7500 hull recovery/replacement if it sinks or gets totalled
$1500 outboard motor coverage for theft
I don't have the policy opened at this time but I know there was other coverage and riders...

I pay $345 a year for this coverage and well worth it... The boat had a survey back in 1990 and I sent that survey in even though it was outdated, they gave me the coverage...

My best advice to you is pay the survey and get the insurance... peace of mind goes a long way....
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