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A guy on my dock is a CFO and actually ENJOYS reading insurance policies and jousting with underwriters. Says it's part of his job.

Hey I don't understand it either. But he did point out something I thought was interesting. He said most of the boat policies he looked at were exclusive. In other words they had a list of things they covered, everything else was excluded, and he claimed the list was written to exclude some pretty common things.

He described BoatUS as an inclusive policy that was written to include just about anything that happened to you on the water short of gross negligence.

I'm not an insurance geek. I just pay my premium and hope I never have to use it. Hopefully there's someone on the list who's in the business that can shed some light on this.

Jim
 
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