We're new to boating and know little about insurance. How much of what kind of coverage, and from which company?
My gf, the owner, has GEICO, and received a quote for $300K of coverage (which doesn't require a survey). The previous owners (who we bought from) said they had Allstate and didn't need a survey. Does BoatUS require a survey? If so, why do they and not others?
The reason for not getting a formal survey is that the boat is inexpensive (and already purchased by us -- only $3675). And, a marine mechanic is already fixing up some issues that were listed by another marine mechanic who gave the boat a good inspection.
Other than whether an insurance company requires a survey, which one(s) do you recommend/have good experience with?
And what kind and how much coverage is recommended? What about personal liability -- if someone on this boat or another were to be injured? Does insurance typically cover this?
Thanks for any suggestions from experience. This is a great forum!