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post #6 of Old 08-05-2006
Telstar 28
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Ahh, yes, the insurance issue.

Generally, liveaboards need to have a more expensive policy than non-liveaboards. The liveaboard policies also act very much like homeowner's insurance, and generally have a personal liability section, that covers things like if your son's dog bites someone at the marina, that a non-liveaboard's policy would not cover.

Also, most marinas require a certain minimum liability coverage for any boats kept there. Usually it is $300,000 or so, at least from the marinas I looked at before putting my boat in the water. Without this, it is very unlikely that he will find a marina that will accept him.

I would also go for a full-yatch type marine insurance policy, rather than a consumer boat policy. One of the primary differences is that a yatch policy is usually all-risk and provides agreed value coverage, rather than actual cash value coverage. On an older boat this isn't as much of an issue, but on a newer one, or one that is being upgraded, it can make a huge difference.

For instance, if your son installs a new GPS Chartplotter. Under an Agreed Value policy, if the Chartplotter is stolen, it will be replaced for full value, less any deductible. In many yatch policies, you can get a rider to give you a lower deductible on electronics or personal possesions. Under a consumer-type boat policy, it would be replaced for the ACV, which is usually significantly less than the replacement cost, minus any deductible.

But, once again, you really need to have your son check the specifics of any insurance policy he gets.

One other point. If your son has never owned a sailboat before, it may be difficult for him to get insurance coverage on vessels over 30' long. That has been an issue mentioned by other posters on this website, so it is something for him to keep in mind when deciding what boat to get. I specifically remember one poster saying that they had bought a 32' or 34' boat and had a lot of trouble getting insurance, and if they had gone any larger, it would not have been possible. Also, they said that if they had gone less than 30', it would have been far easier to get insurance.


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Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

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Last edited by sailingdog; 08-05-2006 at 10:20 AM.
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