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Help- New owner of 40ft old sailboat, can't get insurance
Need help. New owner of a 1974 41ft blue water sailboat. This is the first boat I, myself, have owned. Right now, no insurance company will even give me liability insurance so I can dock at the local marina. I have tried:
Their excuse is the same, too big of a boat for a new owner and it is near the ocean.
To make matters worse, this boat is more of a project boat than normal. I bought the boat after it was washed ashore from a storm at a discounted price, got it back into water, and have been doing the necessary repairs. Very long story. While the boat is in great shape all things considered, the likelihood of getting a good survey is low at the moment as well. Currently I have to anchor it out due to insurance woes. The motor runs well, and the boat is worthy of a diesel powered journey, but the rigging and sails need lots of work.