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post #10 of Old 06-01-2011
carl762
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Another consideration... If the total value of the boat is only $4,000, do you need to insure it at all? If it was a total loss, could you afford it? I'm assuming it is paid for and there is no loan on it.
I paid $4,000 for my boat and motor. Safeco insures it for boat/motor loss, medical per occurrence, onboard equipment, etc., and most importantly, liability ($500,000) for $23 a month. $250 deductible. To me, that's a great deal.

I don't have the cash to go out and outright buy another $4,000 boat in case I lose this one. I'm Po People.

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Last edited by carl762; 06-01-2011 at 07:04 PM.
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