Join Date: Oct 2009
Location: Swarthmore, PA
Thanked 88 Times in 78 Posts
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My first year was insured with my homeowners company. Then I realized that in the event of a total loss, they would pay out only the value of the boat - no extra for salvage, hazmat fees, etc. But if your boat breaks loose in a storm, you are likely to be required to by the local municipality to pay for salvage, and EPA could get you big time for hazmat, etc. I asked my insurance agent about these things, and she just shrugged her shoulders - she had no idea. So this year I switched to BoatUS.
I think it makes sense to buy insurance from someone who is used to insuring boats. Otherwise you are likely to get unpleasant surprises.
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1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1994 Mason 44 Firefly on loan from my BFF (West River, Galesville, MD)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)