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  #11  
Old 09-16-2008
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Quote:
Originally Posted by tommays View Post
I spent a bundle on running rigging this year (ropes)and will replace the standing rigging and lifelines this winter as there 27 years old


The boat was dryed sailed and everything checks out fine BUT it is small change compared to a failure
Yeah, I'm going to have to wait until I settle on a boat before I know about the rigging, but that's a good one to keep in mind. Thanks!
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  #12  
Old 09-16-2008
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Quote:
Originally Posted by Mark1948 View Post
A regional insurance company may be cheaper than a national company that has exposure on the gulf and atlantic coasts. Make sure you read the fine print for what is covered and be sure to add additional personal equipment that is in the boat. You might ask for references. Also, you did not indicate whether you will do home storage or in a yard near/on the lake. Is your vehicle adequate to tow the boat? A Honda Civic could have a tough time with a Catalina 25.
I'll keep that in mind too - it makes sense that I may be able to find better rates from a company that isn't having to cover boats on the coasts. Also, I hadn't thought about ensuring the personal equipment - thanks!
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  #13  
Old 09-16-2008
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Given that you're buying a small trailer sailer, it would make far more sense to get it covered with a rider on your home insurance, than to get a separate policy for it. If it were a bigger boat, it would make more sense to get a "Yacht" type policy, which has very different coverage than a "boat" type policy.

Yacht policies generally include things like Agreed Value, towing, salvage and environmental remediation, etc... which generally aren't on small boat policies. Generally, yacht policies start at 26' LOA and up.
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  #14  
Old 09-16-2008
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I tagged mine onto my home owners and saved over 50% from the cheapest "boat only" insurance I could find. Definitely worth looking into.

And to touch on the standing rigging. I had a backstay built for my boat and it was $160 by itself. Now add a forestay, cap shrouds, lowers, etc. and you can easily get into the $1,000 range with life lines. Even for a small boat.
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  #15  
Old 09-16-2008
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Your list of things to fix, repair, add or change will be 5 times a long as you think when you first buy it! Plan accordingly.
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  #16  
Old 09-16-2008
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Try Progressive Ins company. In Florida, they insured by sailboat including hurricane for under $1500 a year. I could not find any cheaper.l
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Boats are nothing more than a 'hole' in the water in which to throw your money, but, sigh, we do love them so!!!!!
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Old 09-16-2008
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I just got beat up by the 'hidden' costs myself. I paid $6500 for an Etap 26 sailboat that appeared to be in very good shape. It had problems that I was well aware of, but I am dangerously handy. I can do almost anything from making the drawings to welding, machining, fiberglass molding, plumbing, etc. What cost me a lot, was that many items were not repairable, and had to be replaced. For instance, I planned on rebuilding the head, then foundd out the main housing was cracked, and parts cost more than a new head.

Another really important point. I bought a boat for $6500 that cost $36,000 in 1984, and would cost about $80,000 today. When I buy parts, I'm buying parts for an $80,000 boat NOT a $6500 boat! My budget, based on cashing a CD was $10,500 for this year. I have passed $15,000 and the Admiral is NOT happy!
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Old 09-19-2008
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not exactly a hidden cost, but one that never goes away and always seems to go up: moorage
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