Older Boat Insurance

[CarbonSink62]

I was able to get full coverage for my 31 year old Catalina 25 with Boat US for about $225/yr with an agreed value of $5k. I only had to list the equipment and take 5 pictures (port side, transom, etc.).

The Admiral and I both sleep better knowing that we're covered.

FYI - the 'boat policy' for about $180 only covered the boat, rig and motor; any other items would need to be added; we went for the 'yatch policy' that automatically covers the misc. gear, electronics, tender and tender outboard.

I could certainly understand not insuring the boat, but it is crazy not to have liability (IMHO). I was telling my kids, if you rent an apartment and only own a TV and a car, take the risk if you want. I own a house, a boat, and 2 cars; I'm not risking that.

[hellosailor]

"full coverage " meaning full collision/comprehensive including fire and theft, but not including environmental abatement and wreck removal? And liability up to a million or two?

"Agreed value" further defined in the policy as "agreed value or replacement value whichever is the lower" ? Or no weasel games? No depreciation clauses as the boat and engine get older?