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Great point Bardo! You can even shelter your investments so that they are creditor proof..just in case the insurance company doesnt pay and the bank comes after you..not the best but better than them taking your life savings. If you have any income look at starting a "business shell" for your boat and you can offset the depreciation against your income as well as all other expenses..that also allows us here in Canada to recoup the GST (federal tax) on new and imported boats. Lots of legitimate options to save money.
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