Join Date: Oct 2012
Location: Syracuse area, NY
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Re: Hunter 27 - A Little Look Please?
This is just a shot in the dark, but perhaps for many boats (especially the smaller ones) a survey is not required if the owner only desires liability insurance, rather than hull insurance? When folks mention that their marina requires insurance, are they referring to liability only, or liability and hull?
To make an auto insurance parallel, it would seem the marina would be more concerned with the damage you would inflict on someone else (liability insurance) rather than damage you do or is done to your boat (hull insurance). If you don't have hull insurance and you cause damage to your own boat, you obviously have to take of repairs on your own. Whether or not you have hull insurance or not, if damage is done to your boat by someone ELSE, their liability insurance would be required to cover the damage. Having your own hull insurance would mean that your insurance company might pay a claim to you in that instance quickly, but your company would still go after the responsible party's insurance for reimbursement.
It would make sense that a marina would require liability insurance, but I'm not sure I understand why they'd require hull insurance.
Just musing out loud.. don't take this as advice or fact. I only have liability insurance on our little P26. I don't even know if our marina requires it or not.
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Last edited by bblument; 03-24-2015 at 02:22 PM.