How many insure their boat with only liability insurance? - Page 2 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest > General Discussion (sailing related)
 Not a Member? 


Like Tree26Likes
Reply
 
LinkBack Thread Tools
  #11  
Old 05-03-2013
Senior Member
 
Join Date: Jan 2012
Location: British Columbia
Posts: 2,309
Thanks: 19
Thanked 31 Times in 30 Posts
Rep Power: 3
Brent Swain is on a distinguished road
Re: How many insure their boat with only liability insurance?

Lawyers tell me the ability to collect on a civil court judgement is dependent on the mark's ability to pay. Best research that before paying for a law suit you have no chance of collecting on.
__________________
Brent Swain, Boat designer, Builder, and author of "Origami Metal Boatbuilding"
Reply With Quote Share with Facebook
  #12  
Old 05-03-2013
bigdogandy's Avatar
Senior Member
 
Join Date: Jun 2008
Location: Fort Lauderdale, Florida
Posts: 373
Thanks: 7
Thanked 8 Times in 8 Posts
Rep Power: 7
bigdogandy is on a distinguished road
Re: How many insure their boat with only liability insurance?

I have a liability only policy with $300k limit and the environmental coverage...it's amazingly inexpensive and helps me sleep at night. Not having comprehensive also keeps me focused on not letting her sink!
FSMike likes this.
__________________
Andy
Key Largo
S/V Everlasting Moon
1981 Endeavour 32

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Be joyful though you have considered all the facts.
- Wendell Berry
Reply With Quote Share with Facebook
  #13  
Old 05-03-2013
Senior Member
 
Join Date: Nov 2005
Location: Milton, DE
Posts: 593
Thanks: 2
Thanked 7 Times in 7 Posts
Rep Power: 9
Flybyknight is on a distinguished road
Re: How many insure their boat with only liability insurance?

Quote:
Originally Posted by Captainmeme View Post
When we go, soon please Neptune, we will carry only liability. We can afford the loss of the boat. We can not afford the fines for a fuel spill or recovering the hull should she sink.
That's exactly the point. If you hit someone, or if she sinks, the environmental authorities will want your head on a platter.
imho
Dick
Reply With Quote Share with Facebook
  #14  
Old 05-03-2013
finding41's Avatar
Member
 
Join Date: Jul 2011
Location: London Ont. Canada
Posts: 48
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
finding41 is on a distinguished road
Send a message via Skype™ to finding41
Re: How many insure their boat with only liability insurance?

I had 2 million liability last year. (rider through the house/ business) This year I will have it covered for agreed value as well. It's worth more this year...
Reply With Quote Share with Facebook
  #15  
Old 05-03-2013
asdf38's Avatar
Senior Member
 
Join Date: Jul 2010
Posts: 673
Thanks: 1
Thanked 4 Times in 4 Posts
Rep Power: 5
asdf38 is on a distinguished road
How many insure their boat with only liability insurance?

I got liability (300k maybe?) with no survey and no questions asked. At like $130 a year it's not worth skipping.
__________________
1979 Contessa 26
Boston, Ma
Reply With Quote Share with Facebook
  #16  
Old 05-03-2013
FSMike's Avatar
Senior Member
 
Join Date: Jan 2010
Location: Florida
Posts: 572
Thanks: 0
Thanked 12 Times in 12 Posts
Rep Power: 5
FSMike is on a distinguished road
Re: How many insure their boat with only liability insurance?

Quote:
Originally Posted by bigdogandy View Post
I have a liability only policy with $300k limit and the environmental coverage...it's amazingly inexpensive and helps me sleep at night. Not having comprehensive also keeps me focused on not letting her sink!
+1. I've got about 85k in my boat and carry liability only to keep the occasional marina happy.
__________________
Sail Fast Live Slow
40' Norman Cross trimaran
Reply With Quote Share with Facebook
  #17  
Old 05-04-2013
geehaw's Avatar
Member
 
Join Date: Jun 2010
Location: Fairbanks, AK
Posts: 43
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 0
geehaw is on a distinguished road
Re: How many insure their boat with only liability insurance?

It was only $15 a year to cover my boat and trailer for $8000. I wasn't going to get full coverage but for $15 I couldn't pass it up. They said book value was only $3200 for my boat but still gave me the $8000 coverage. But if I were to sell my boat I would be asking that much. Would I get that much,well.........
Reply With Quote Share with Facebook
  #18  
Old 05-04-2013
Member
 
Join Date: Apr 2011
Posts: 50
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 4
pyewackette is on a distinguished road
Re: How many insure their boat with only liability insurance?

I guess another consideration is the length of the vessel.

It seems it is easier for vessels that are 35' or less to get reasonable insurance, where as vessels over that size, and older than 20 years, to get anything that seems reasonable.

To further define the question, how many people with vessels over 35' carry only liability only?

But even that is curious, do vessels greater that 35' sink more than vessels that are less than that size? Wonder why the distinction is not about whether a boat is trailerable or not? That seems realistic? Is it that much harder to take care of a 40' than a 35'?
Reply With Quote Share with Facebook
  #19  
Old 05-04-2013
tommays's Avatar
Senior Member
 
Join Date: Sep 2008
Posts: 4,227
Thanks: 1
Thanked 24 Times in 24 Posts
Rep Power: 6
tommays will become famous soon enough
Re: How many insure their boat with only liability insurance?

In my talks with insurance brokers they seem to be concerned about your ability to dock bigger boats without doing to much damage to the neighbors

Seriously around here its like parking cars at a Ferrari dealer NOT to many cheep incidents
__________________
1970 Cal 29 Sea Fever

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

1981 J24 Tangent 2930
Tommays
Northport NY


If a dirty bottom slows you down what do you think it does to your boat
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #20  
Old 05-04-2013
Member
 
Join Date: Apr 2011
Posts: 50
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 4
pyewackette is on a distinguished road
Re: How many insure their boat with only liability insurance?

Quote:
Originally Posted by tommays View Post
In my talks with insurance brokers they seem to be concerned about your ability to dock bigger boats without doing to much damage to the neighbors

Seriously around here its like parking cars at a Ferrari dealer NOT to many cheep incidents
I carry a 100 Ton Master, with towing and sailing endorsements, I have yet to have an insurance company give me a break for my experience. Age of the boat seems to be more of a factor than operator experience.

And if marina location and the value of my neighbors boat is important, then give me a run down marina with people who are not so concerned about the value of their boat more than they are about the fun they had out on the water. A well weathered boat is more pleasing to my eyes than a shiny Clorox bottle with strings attached.
bigdogandy likes this.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mexico Liability Insurance andantesail Pacific Seacraft 0 03-22-2010 09:41 AM
Liability only insurance Cheap corvettekid General Discussion (sailing related) 3 03-04-2007 11:28 AM
Liability insurance davejean General Discussion (sailing related) 1 06-28-2001 04:40 PM


All times are GMT -4. The time now is 03:28 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012