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Old 11-13-2011
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DRFerron DRFerron is online now
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Quote:
Originally Posted by neverknow View Post
Why worry about insurance at all? if you don't owe anything on it? You might need a liability policy if you are in a marina though?
If he had no insurance, he would have had to pay for the damage done as a result of the hurricane out of pocket. I would think that would be a prime reason for carrying insurance. $400 (or whatever the premium is) vs $30K.

But, like all insurance, you take a chance. Seems like it paid off this time.
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