Join Date: Oct 2009
Location: Swarthmore, PA
Thanked 90 Times in 80 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)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)