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post #1 of Old 09-16-2008 Thread Starter
Join Date: Aug 2008
Location: Kansas
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Question Hidden costs in buying / owning a boat

As I get closer to purchasing my first boat, I'm trying to figure out what additional hidden costs I may incur. (I know that general maintenance costs come with a boat, but for now, I'm more concerned with "hidden costs.")

For example, I'm sure I'll run into additional costs with:
  • Registration
  • Property Tax
  • Insurance
It looks like if I buy from an individual (which I will) the sales tax is exempt in KS, which is nice.

Are there any others I'm missing?

With regard to insurance: the boats I'm looking at are running between $3500-$5000 with a trailer. What is insurance likely to be for a new boater on a relatively cheap boat? What sort of insurance do you guys recommend?
  • The equivalent of liability insurance for cars?
  • The equivalent of "full coverage" up to the value of the boat?
  • (both?)
Since this will be a trailer-sailer, are there any particular provisions I should address for the boat while it's being trailered, or does auto insurance cover that?

Are there any insurance agencies you'd recommend? Any I should stay away from?

I know that's a lot of questions, but any information you guys could provide would be appreciated!

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