Join Date: Dec 2013
Location: Tampa FL
Thanked 35 Times in 35 Posts
Rep Power: 6
Re: Yacht Insurance
Ha! Good points!
I have the good fortune on not really needing to depend on the insurance. That is to say total loss of the boat would be tragic and emotionally painful, I never considered it an investment that I could dare hope to break even on. The marina requires insurance, so I have it, and it's nice to have someone to point the state at if they have to clean up a wreck.
Also, my slip is at an Air Force base, where rental the agreement is written in crayon. I doubt they could find their copy if they tried.
Obviously, my outlook on the topic will change when I step up to my "sail away" boat.