Join Date: Feb 2010
Location: Narragansett Bay
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Re: Yacht Insurance
Iím highly suspicious of buying insurance online. The average consumer has no ability to understand the actual coverages being offered. They usually see the hull value, liability and deductibles and thatís it.
I just asked my agent a question about how a marina liability situation would work, given a waiver of subrogation in the lease. My policy allows for the waiver, but itís a knotty one that I wonít delve into here. Suffice it to say that my policy would not pay certain claims, if this isnít done right. Heís been doing this for years and had to research it. Not likely most clients would think to ask, let alone understand what they bought.
Not saying these folks are bad, only that self service requires self awareness. There is a little lizard in the US (that website looks European) that sells lower premiums on TV, but says nothing about the subtle differences in events that are actually covered, or not covered, by the reported policy limit.
Indeed most consumers by on price alone. They just donít know they bought less coverage.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.