Originally Posted by BubbleheadMd
Maybe you can't insure the boat, but he should be able to purchase liability insurance. If no one is willing to issue him any kind of insurance, then he should take greater precautions than normal to insure that his boat doesn't blow down on anyone else's property. This is sort of a case of someone biting off more than they can chew.
I am afraid that the uninsured boaters are much more common than we realized, especially there is no requirement by the state. I wonder if there is uninsured boater insurance just like in the automobile side.
In today's economy, the first thing many boat owners will do is to drop their boat expense. This particular true when the owner has no net worth at all, he is not risking much when he is being sued. Suck to be the other boaters