Re: Boat Insurance
Well, I called our insurance company (USAA) today to see how much
extra I'd have to pay to get our homeowners liability policy to cover
our boat, and was pleasantly surprised when they told me it was
automatically covered already.
They said any boat with an outboard motor under 50HP, and length under
35' was covered without a rider.
I did bump up the limits of our liability coverage while I was in the
'beware-the-lawyers' frame of mind. For an extra $18 a year we're now
covered up to $500,000 per incident instead of $100,000.
Thanks again, Paul.
All best,
Garth
extra I'd have to pay to get our homeowners liability policy to cover
our boat, and was pleasantly surprised when they told me it was
automatically covered already.
They said any boat with an outboard motor under 50HP, and length under
35' was covered without a rider.
I did bump up the limits of our liability coverage while I was in the
'beware-the-lawyers' frame of mind. For an extra $18 a year we're now
covered up to $500,000 per incident instead of $100,000.
Thanks again, Paul.
All best,
Garth
>boat are
> --- Inbolger@yahoogroups.com, Paul Esterle <pesterle@> wrote:
> >
> > The two most expensive possibilities in regards to operating a
> > damage to another boat and oil spill remediation. Damage to your ownboat
> > boat is far down the list. Look for a liability only policy from a
> > insurance specialist.Anyone?
> >
> > Paul Esterle
> > Freelance Boating Writer
> > Columbia 10.7, 26 & Matilda 20
> > North East, MD.
> > "Capt'n Pauley's Boat Repairs & Upgrades"
> > book at www.captnpauley.com
> > home.comcast.net/~pesterle/
> >
> >
> >
> > Wesley Cox wrote:
> > >
> > > What about damage to someone else's boat caused by your boat?
>
Bob:
First I would like to thank you for the posted thank you.
Second, I am curious if you received any further comments from your insurer
regarding Drifter? Could you give us some idea of your coverage and
associated cost? I loath the idea of insuring the Esther Mae but realize
that it needs to be done outside of the coverage on the house, if for no
other reason than to protect against suits from potential contact with other
vessels or structures.
I look forward to any thing you post or write for MAIB regarding your
Florida trip.
Caloosarat
(more commonly known as Chester) from down south where it is rapidly
getting to warm to camp. O yea and mosquitoes are here for the summer too.
Gotta love them screens!
_____
From:bolger@yahoogroups.com[mailto:bolger@yahoogroups.com] On Behalf Of
Bob Slimak
Sent: Sunday, April 22, 2007 2:31 PM
To:bolger@yahoogroups.com
Subject: [bolger] Re: Boat Insurance
Brain,
Regarding your experience with that 60' boat anchoring too close. This is
just one of the reasons why one should always keep a ship's log, every day
that you go out, even for just a couple of hours. Under Maritime Law the
boat already at anchor has the rights, and another boat has to anchor in
such a way as to not interfere with the boats already there. If you keep a
ships log regularly, It is allowed in court as evidence of what happened. I
used to have this happen to me in the days of owning a big enough boat that
I had to anchor where the big boys (read expensive) did. I first informed
them of the amount of scope I had out and that if the wind shifted we would
collide. They usually complained that I had too much rode out (7 to one
always for overnight) I then informed them that was my right under law, and
that THEY would be the ones liable. If they still seemed to not want to move
further away I told them my boat was steel and would probably sink their
boat!
That always worked! LOL!!
With my present boat (Bantam) needing only 16 inches, I just always anchor
in water to shallow for them.
Bob
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
First I would like to thank you for the posted thank you.
Second, I am curious if you received any further comments from your insurer
regarding Drifter? Could you give us some idea of your coverage and
associated cost? I loath the idea of insuring the Esther Mae but realize
that it needs to be done outside of the coverage on the house, if for no
other reason than to protect against suits from potential contact with other
vessels or structures.
I look forward to any thing you post or write for MAIB regarding your
Florida trip.
Caloosarat
(more commonly known as Chester) from down south where it is rapidly
getting to warm to camp. O yea and mosquitoes are here for the summer too.
Gotta love them screens!
_____
From:bolger@yahoogroups.com[mailto:bolger@yahoogroups.com] On Behalf Of
Bob Slimak
Sent: Sunday, April 22, 2007 2:31 PM
To:bolger@yahoogroups.com
Subject: [bolger] Re: Boat Insurance
Brain,
Regarding your experience with that 60' boat anchoring too close. This is
just one of the reasons why one should always keep a ship's log, every day
that you go out, even for just a couple of hours. Under Maritime Law the
boat already at anchor has the rights, and another boat has to anchor in
such a way as to not interfere with the boats already there. If you keep a
ships log regularly, It is allowed in court as evidence of what happened. I
used to have this happen to me in the days of owning a big enough boat that
I had to anchor where the big boys (read expensive) did. I first informed
them of the amount of scope I had out and that if the wind shifted we would
collide. They usually complained that I had too much rode out (7 to one
always for overnight) I then informed them that was my right under law, and
that THEY would be the ones liable. If they still seemed to not want to move
further away I told them my boat was steel and would probably sink their
boat!
That always worked! LOL!!
With my present boat (Bantam) needing only 16 inches, I just always anchor
in water to shallow for them.
Bob
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
Brain,
Regarding your experience with that 60' boat anchoring too close. This is just one of the reasons why one should always keep a ship's log, every day that you go out, even for just a couple of hours. Under Maritime Law the boat already at anchor has the rights, and another boat has to anchor in such a way as to not interfere with the boats already there. If you keep a ships log regularly, It is allowed in court as evidence of what happened. I used to have this happen to me in the days of owning a big enough boat that I had to anchor where the big boys (read expensive) did. I first informed them of the amount of scope I had out and that if the wind shifted we would collide. They usually complained that I had too much rode out (7 to one always for overnight) I then informed them that was my right under law, and that THEY would be the ones liable. If they still seemed to not want to move further away I told them my boat was steel and would probably sink their boat!
That always worked! LOL!!
With my present boat (Bantam) needing only 16 inches, I just always anchor in water to shallow for them.
Bob
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
[Non-text portions of this message have been removed]
Regarding your experience with that 60' boat anchoring too close. This is just one of the reasons why one should always keep a ship's log, every day that you go out, even for just a couple of hours. Under Maritime Law the boat already at anchor has the rights, and another boat has to anchor in such a way as to not interfere with the boats already there. If you keep a ships log regularly, It is allowed in court as evidence of what happened. I used to have this happen to me in the days of owning a big enough boat that I had to anchor where the big boys (read expensive) did. I first informed them of the amount of scope I had out and that if the wind shifted we would collide. They usually complained that I had too much rode out (7 to one always for overnight) I then informed them that was my right under law, and that THEY would be the ones liable. If they still seemed to not want to move further away I told them my boat was steel and would probably sink their boat!
That always worked! LOL!!
With my present boat (Bantam) needing only 16 inches, I just always anchor in water to shallow for them.
Bob
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
[Non-text portions of this message have been removed]
Another source of liability coverage would be an "umbrella" policy. In personal lines, these are policies written to provide excess liability coverage over homeowners' coverage limits. Some are "follow-form", (i.e. they only provide coverage for what is covered under the underlying policy), but others will "drop-down", typically subject to a deductible (a.k.a. self-insured-retention, ("S.I.R.")) to cover certain claims not covered under the underlying policy. It takes a degree of sophistication to determine whether the "drop-down" coverage under any particular umbrella policy would cover an otherwise un-insured or hard-to-insure marine liability risk, and nothing is certain in the event of coverage litigation, but its a possibility. I know of one individual who obtained $1,000,000 in liability coverage, subject to a deductible of $5,000, that he believed to his satisfaction would provide coverage for him on a boat that was difficult-to-impossible to insure otherwise. (He
never had any claims, so his judgement was never tested.) One attraction of "umbrella" policies is that the premium per dollar of coverage is quite low, compared to "primary" policies.
I own a 1983-vintage aluminum powerboat with a 40 hp. motor that I purchased used sine years ago. It was not covered by my homeowners insurance. My application to State Farm (my homeowers', auto owners' and erstwhile renters' insurer of decades) for marine liability insurance was flatly rejected on the basis of the age of the boat. This was perfectly reasonable. (I would not have put the boat in the water in the condition it was in when I purchased it, although the previous owner had no difficulty in re-insuring it annually.) However, I persisted, provided copious documentation of the boat's fixed-up condition to my agent, and, in due course, was able to obtain $300,000 in primary liability coverage for a $50 annual premium. I haven't had any claims, and don't anticipate having any, so I think State Farm will enjoy a (very small) profit financially while I profit by peace of mind and think it a good bargain.
If the boat doesn't qualify for liability coverage under the owner's homeowners' policy, it may be possible to purchase a "rider" to a homeowners' policy covering it. A carrier who is already collecting a premium for homeowners' coverage may be more willing to take on the additional marine risk than as a stand-alone risk.
As far as first-party property (i.e. "hull") coverage on the boat itself, I think that it would be a pretty rash underwriter who would underwrite that coverage on a homemade boat for anything less than an exorbinant premium. Insurance works on the basis of "the law of large numbers". The value of an individual boat, constructed by a statisically unknown individual, with no market established value poses difficulties of risk, valuation and moral hazard not amenable to statistical analysis.
Ciao for Niao,
Bill in MN
John and Kathy Trussell <jtrussell2@...> wrote:
Most homeowners policies include liability insurance for boats under 26 feet
and with small motors. The horsepower limitation varies with companies.
check your policy and see what it says.
JohnT
never had any claims, so his judgement was never tested.) One attraction of "umbrella" policies is that the premium per dollar of coverage is quite low, compared to "primary" policies.
I own a 1983-vintage aluminum powerboat with a 40 hp. motor that I purchased used sine years ago. It was not covered by my homeowners insurance. My application to State Farm (my homeowers', auto owners' and erstwhile renters' insurer of decades) for marine liability insurance was flatly rejected on the basis of the age of the boat. This was perfectly reasonable. (I would not have put the boat in the water in the condition it was in when I purchased it, although the previous owner had no difficulty in re-insuring it annually.) However, I persisted, provided copious documentation of the boat's fixed-up condition to my agent, and, in due course, was able to obtain $300,000 in primary liability coverage for a $50 annual premium. I haven't had any claims, and don't anticipate having any, so I think State Farm will enjoy a (very small) profit financially while I profit by peace of mind and think it a good bargain.
If the boat doesn't qualify for liability coverage under the owner's homeowners' policy, it may be possible to purchase a "rider" to a homeowners' policy covering it. A carrier who is already collecting a premium for homeowners' coverage may be more willing to take on the additional marine risk than as a stand-alone risk.
As far as first-party property (i.e. "hull") coverage on the boat itself, I think that it would be a pretty rash underwriter who would underwrite that coverage on a homemade boat for anything less than an exorbinant premium. Insurance works on the basis of "the law of large numbers". The value of an individual boat, constructed by a statisically unknown individual, with no market established value poses difficulties of risk, valuation and moral hazard not amenable to statistical analysis.
Ciao for Niao,
Bill in MN
John and Kathy Trussell <jtrussell2@...> wrote:
Most homeowners policies include liability insurance for boats under 26 feet
and with small motors. The horsepower limitation varies with companies.
check your policy and see what it says.
JohnT
----- Original Message -----
From: "Paul Esterle"
To:
Sent: Saturday, April 21, 2007 1:22 AM
Subject: Re: [bolger] Re: Boat Insurance
> The two most expensive possibilities in regards to operating a boat are
> damage to another boat and oil spill remediation. Damage to your own
> boat is far down the list. Look for a liability only policy from a boat
> insurance specialist.
>
> Paul Esterle
> Freelance Boating Writer
> Columbia 10.7, 26 & Matilda 20
> North East, MD.
> Captn Pauleys Boat Repairs & Upgrades
> book at www.captnpauley.com
> home.comcast.net/~pesterle/
>
>
>
> Wesley Cox wrote:
>>
>> What about damage to someone else's boat caused by your boat? Anyone?
>>
>> ----- Original Message -----
>> From: GarthAB
>> To:bolger@yahoogroups.com
>> Sent: Friday, April 20, 2007 7:41 PM
>> Subject: [bolger] Re: Boat Insurance
>>
>> I remember looking into it before I launched our Cormorant. But it
>> wound up being so expensive that I decided to gamble and go without.
>> It was something like $500 per year for a $25,000 replacement value
>> (which if I had to pay someone to rebuild our boat, wouldn't even
>> cover it).
>>
>> Trailer boats are a weird case, too. 98% of their time is sadly spent
>> out of the water, in your yard or driveway (unless you're going to
>> moor or get a slip for the season). If you're in a car accident and
>> it's not your fault, the other guy's liability insurance would have to
>> pay for your boat. But your car insurance would not cover it if the
>> accident were your fault. I wonder how homeowner's insurance would
>> cover it if the boat were in your garage and the garage burned --
>> probably wouldn't be covered without a rider of some sort.
>>
>> But my thinking (if you could call it that) was that anything short of
>> complete loss could be fixed by me for a few hundred bucks. Hole in
>> the side the size of a breadbox? No problem. . . . So only if it sank
>> to the bottom. But it's got positive buoyancy even filled with water,
>> plus I added about 800 lbs worth of flotation foam here and there. And
>> the other doomsday scenario was getting in a really bad highway wreck
>> and having it smashed to flinders. Then . . . I'd have to hope it
>> wasn't my fault.
>>
>> Anyway -- if you do pursue insurance, one tip I got back around that
>> time was: don't call it homebuilt or self-built. Call it "custom
>> built." See if that makes any difference.
>>
>> All best,
>> Garth
>>
>> --- Inbolger@yahoogroups.com,
>> richard@... wrote:
>> >
>> > Allstate has again declined to insure my "self built" Chebacco.
>> >
>> > What is everyone doing for insurance?
>> >
>>
>> ----------------------------------------------------------
>>
>> No virus found in this incoming message.
>> Checked by AVG Free Edition.
>> Version: 7.5.446 / Virus Database: 269.5.5/769 - Release Date:
>> 4/19/2007 5:56 PM
>>
>> [Non-text portions of this message have been removed]
>>
>>
>
>
> Bolger rules!!!
> - NO "GO AWAY SPAMMER!" posts!!! Please!
> - no cursing, flaming, trolling, spamming, respamming, or flogging dead
> horses
> - stay on topic, stay on thread, punctuate, no 'Ed, thanks, Fred' posts
> - Pls add your comments at the TOP, SIGN your posts, and snip away
> - Plans: Mr. Philip C. Bolger, P.O. Box 1209, Gloucester, MA, 01930, Fax:
> (978) 282-1349
> - Unsubscribe:bolger-unsubscribe@yahoogroups.com
> - Open discussion:bolger_coffee_lounge-subscribe@yahoogroups.com
> Yahoo! Groups Links
>
>
>
>
>
> --
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.5.463 / Virus Database: 269.5.6/770 - Release Date: 4/20/2007
> 6:43 PM
>
Bolger rules!!!
- NO "GO AWAY SPAMMER!" posts!!! Please!
- no cursing, flaming, trolling, spamming, respamming, or flogging dead horses
- stay on topic, stay on thread, punctuate, no 'Ed, thanks, Fred' posts
- Pls add your comments at the TOP, SIGN your posts, and snip away
- Plans: Mr. Philip C. Bolger, P.O. Box 1209, Gloucester, MA, 01930, Fax: (978) 282-1349
- Unsubscribe:bolger-unsubscribe@yahoogroups.com
- Open discussion:bolger_coffee_lounge-subscribe@yahoogroups.com
Yahoo! Groups Links
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
[Non-text portions of this message have been removed]
I sailed my little cutter for a couple of years without insurance
before being forced to do it by a yard the boat wintered in. No
problems, and certainly no regrets. But I remember one night at anchor
in the Chesapeake when just before dusk a big, blue and freshly
Awlgripped ketch pulled into the little bay and anchored kind of
close. It must have been a 60' boat and the paint was like a mirror --
easily a $10,000 job, I would guess, maybe more. I tried to wave the
guy off a bit, but he wasn't taking directions from a scruffy little
28 footer. In the end nothing happened, but the thought of dragging
down onto the guy and messing up that paint job kept me peeking out
the companionway all night.
Cheers, Brian
before being forced to do it by a yard the boat wintered in. No
problems, and certainly no regrets. But I remember one night at anchor
in the Chesapeake when just before dusk a big, blue and freshly
Awlgripped ketch pulled into the little bay and anchored kind of
close. It must have been a 60' boat and the paint was like a mirror --
easily a $10,000 job, I would guess, maybe more. I tried to wave the
guy off a bit, but he wasn't taking directions from a scruffy little
28 footer. In the end nothing happened, but the thought of dragging
down onto the guy and messing up that paint job kept me peeking out
the companionway all night.
Cheers, Brian
--- Inbolger@yahoogroups.com, "derbyrm" <derbyrm@...> wrote:
>
> Then again, if nobody gets hurt and no lawyers hear of the incident ...
>
> On one of my first outings, crewing for a fraternity brother on his
34' sloop out of Belmont Harbor, Chicago, I secured the main halyard
with what I thought was the proper belay.
>
> After a pleasant sail, we returned to harbor, sailed up to our
mooring and I snagged the buoy with the boat hook while Judy tried to
drop the main (no functioning auxiliary). Nope, Judy couldn't get it
unfastened. After my arm left its socket, we fell away from the buoy
and tried to get things sorted out. We barely gained steerage way
before we found an anchored boat ahead. Luff up to miss it and once
again there was no steerage. Three or four of these maneuvers and we
finally tee-boned one of the anchored boats. We could see the strake
leave its neighbors and move into the hull several inches. We
grappled with that boat and arranged things (the sheet had gotten
fouled in the excitement).
>
> The next morning, Bill went down and explained things to the Harbor
Master. In his twenty years in that job, the HM had never had such an
event reported. The owner of the anchored boat was called and he
raced down to inspect the damage. He was mad as hell, not because of
the damage to his boat which he couldn't see, but because he'd been
gotten out of bed on a Sunday morning. No monies changed hands.
>
> Roger
> derbyrm@...
>http://home.insightbb.com/~derbyrm
>
> ----- Original Message -----
> From: jawilco
> To:bolger@yahoogroups.com
> Sent: Saturday, April 21, 2007 7:01 PM
> Subject: [bolger] Re: Boat Insurance
>
>
>
> Hi Richard,
>
> Tried Boat U S ?
> I'm using them for my Tolman Skiff (home made) and for less than 400
> I'm somewhat covered. The important thing is that the other guy is
> covered.
> I wouldn't want to poke a hole in some other boat and have to come up
> with the bucks to repair or replace HIS boat!
>
> Jim
>
> --- Inbolger@yahoogroups.com, richard@ wrote:
> >
> > Allstate has again declined to insure my "self built" Chebacco.
> >
> > What is everyone doing for insurance?
> >
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
Then again, if nobody gets hurt and no lawyers hear of the incident ...
On one of my first outings, crewing for a fraternity brother on his 34' sloop out of Belmont Harbor, Chicago, I secured the main halyard with what I thought was the proper belay.
After a pleasant sail, we returned to harbor, sailed up to our mooring and I snagged the buoy with the boat hook while Judy tried to drop the main (no functioning auxiliary). Nope, Judy couldn't get it unfastened. After my arm left its socket, we fell away from the buoy and tried to get things sorted out. We barely gained steerage way before we found an anchored boat ahead. Luff up to miss it and once again there was no steerage. Three or four of these maneuvers and we finally tee-boned one of the anchored boats. We could see the strake leave its neighbors and move into the hull several inches. We grappled with that boat and arranged things (the sheet had gotten fouled in the excitement).
The next morning, Bill went down and explained things to the Harbor Master. In his twenty years in that job, the HM had never had such an event reported. The owner of the anchored boat was called and he raced down to inspect the damage. He was mad as hell, not because of the damage to his boat which he couldn't see, but because he'd been gotten out of bed on a Sunday morning. No monies changed hands.
Roger
derbyrm@...
http://home.insightbb.com/~derbyrm
On one of my first outings, crewing for a fraternity brother on his 34' sloop out of Belmont Harbor, Chicago, I secured the main halyard with what I thought was the proper belay.
After a pleasant sail, we returned to harbor, sailed up to our mooring and I snagged the buoy with the boat hook while Judy tried to drop the main (no functioning auxiliary). Nope, Judy couldn't get it unfastened. After my arm left its socket, we fell away from the buoy and tried to get things sorted out. We barely gained steerage way before we found an anchored boat ahead. Luff up to miss it and once again there was no steerage. Three or four of these maneuvers and we finally tee-boned one of the anchored boats. We could see the strake leave its neighbors and move into the hull several inches. We grappled with that boat and arranged things (the sheet had gotten fouled in the excitement).
The next morning, Bill went down and explained things to the Harbor Master. In his twenty years in that job, the HM had never had such an event reported. The owner of the anchored boat was called and he raced down to inspect the damage. He was mad as hell, not because of the damage to his boat which he couldn't see, but because he'd been gotten out of bed on a Sunday morning. No monies changed hands.
Roger
derbyrm@...
http://home.insightbb.com/~derbyrm
----- Original Message -----
From: jawilco
To:bolger@yahoogroups.com
Sent: Saturday, April 21, 2007 7:01 PM
Subject: [bolger] Re: Boat Insurance
Hi Richard,
Tried Boat U S ?
I'm using them for my Tolman Skiff (home made) and for less than 400
I'm somewhat covered. The important thing is that the other guy is
covered.
I wouldn't want to poke a hole in some other boat and have to come up
with the bucks to repair or replace HIS boat!
Jim
--- Inbolger@yahoogroups.com, richard@... wrote:
>
> Allstate has again declined to insure my "self built" Chebacco.
>
> What is everyone doing for insurance?
>
[Non-text portions of this message have been removed]
Hi Richard,
Tried Boat U S ?
I'm using them for my Tolman Skiff (home made) and for less than 400
I'm somewhat covered. The important thing is that the other guy is
covered.
I wouldn't want to poke a hole in some other boat and have to come up
with the bucks to repair or replace HIS boat!
Jim
Tried Boat U S ?
I'm using them for my Tolman Skiff (home made) and for less than 400
I'm somewhat covered. The important thing is that the other guy is
covered.
I wouldn't want to poke a hole in some other boat and have to come up
with the bucks to repair or replace HIS boat!
Jim
--- Inbolger@yahoogroups.com, richard@... wrote:
>
> Allstate has again declined to insure my "self built" Chebacco.
>
> What is everyone doing for insurance?
>
I had a boat in a berth, the marina required $300k liability. The boat was an old Cal 20. No problemo about $100/yr
----- Original Message -----
From: GarthAB
To:bolger@yahoogroups.com
Sent: Saturday, April 21, 2007 4:18 AM
Subject: [bolger] Re: Boat Insurance
Thanks, Paul. I hadn't even thought about boat liability like that.
I'll definitely look into it for the upcoming season.
Anyone else have liability-only insurance on your boat, and how much
do you pay for it?
Garth
--- Inbolger@yahoogroups.com, Paul Esterle <pesterle@...> wrote:
>
> The two most expensive possibilities in regards to operating a boat are
> damage to another boat and oil spill remediation. Damage to your own
> boat is far down the list. Look for a liability only policy from a boat
> insurance specialist.
>
> Paul Esterle
> Freelance Boating Writer
> Columbia 10.7, 26 & Matilda 20
> North East, MD.
> "Capt'n Pauley's Boat Repairs & Upgrades"
> book at www.captnpauley.com
> home.comcast.net/~pesterle/
>
>
>
> Wesley Cox wrote:
> >
> > What about damage to someone else's boat caused by your boat? Anyone?
[Non-text portions of this message have been removed]
Most homeowners policies include liability insurance for boats under 26 feet
and with small motors. The horsepower limitation varies with companies.
check your policy and see what it says.
JohnT
and with small motors. The horsepower limitation varies with companies.
check your policy and see what it says.
JohnT
----- Original Message -----
From: "Paul Esterle" <pesterle@...>
To: <bolger@yahoogroups.com>
Sent: Saturday, April 21, 2007 1:22 AM
Subject: Re: [bolger] Re: Boat Insurance
> The two most expensive possibilities in regards to operating a boat are
> damage to another boat and oil spill remediation. Damage to your own
> boat is far down the list. Look for a liability only policy from a boat
> insurance specialist.
>
> Paul Esterle
> Freelance Boating Writer
> Columbia 10.7, 26 & Matilda 20
> North East, MD.
> “Capt’n Pauley’s Boat Repairs & Upgrades”
> book at www.captnpauley.com
> home.comcast.net/~pesterle/
>
>
>
> Wesley Cox wrote:
>>
>> What about damage to someone else's boat caused by your boat? Anyone?
>>
>> ----- Original Message -----
>> From: GarthAB
>> To:bolger@yahoogroups.com<mailto:bolger%40yahoogroups.com>
>> Sent: Friday, April 20, 2007 7:41 PM
>> Subject: [bolger] Re: Boat Insurance
>>
>> I remember looking into it before I launched our Cormorant. But it
>> wound up being so expensive that I decided to gamble and go without.
>> It was something like $500 per year for a $25,000 replacement value
>> (which if I had to pay someone to rebuild our boat, wouldn't even
>> cover it).
>>
>> Trailer boats are a weird case, too. 98% of their time is sadly spent
>> out of the water, in your yard or driveway (unless you're going to
>> moor or get a slip for the season). If you're in a car accident and
>> it's not your fault, the other guy's liability insurance would have to
>> pay for your boat. But your car insurance would not cover it if the
>> accident were your fault. I wonder how homeowner's insurance would
>> cover it if the boat were in your garage and the garage burned --
>> probably wouldn't be covered without a rider of some sort.
>>
>> But my thinking (if you could call it that) was that anything short of
>> complete loss could be fixed by me for a few hundred bucks. Hole in
>> the side the size of a breadbox? No problem. . . . So only if it sank
>> to the bottom. But it's got positive buoyancy even filled with water,
>> plus I added about 800 lbs worth of flotation foam here and there. And
>> the other doomsday scenario was getting in a really bad highway wreck
>> and having it smashed to flinders. Then . . . I'd have to hope it
>> wasn't my fault.
>>
>> Anyway -- if you do pursue insurance, one tip I got back around that
>> time was: don't call it homebuilt or self-built. Call it "custom
>> built." See if that makes any difference.
>>
>> All best,
>> Garth
>>
>> --- Inbolger@yahoogroups.com<mailto:bolger%40yahoogroups.com>,
>> richard@... wrote:
>> >
>> > Allstate has again declined to insure my "self built" Chebacco.
>> >
>> > What is everyone doing for insurance?
>> >
>>
>> ----------------------------------------------------------
>>
>> No virus found in this incoming message.
>> Checked by AVG Free Edition.
>> Version: 7.5.446 / Virus Database: 269.5.5/769 - Release Date:
>> 4/19/2007 5:56 PM
>>
>> [Non-text portions of this message have been removed]
>>
>>
>
>
> Bolger rules!!!
> - NO "GO AWAY SPAMMER!" posts!!! Please!
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> horses
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> - Pls add your comments at the TOP, SIGN your posts, and snip away
> - Plans: Mr. Philip C. Bolger, P.O. Box 1209, Gloucester, MA, 01930, Fax:
> (978) 282-1349
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> - Open discussion:bolger_coffee_lounge-subscribe@yahoogroups.com
> Yahoo! Groups Links
>
>
>
>
>
> --
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.5.463 / Virus Database: 269.5.6/770 - Release Date: 4/20/2007
> 6:43 PM
>
I own a 1985 Wharram cat and have insurance through Pacific Marine
Underwriters agents are www.patand.com. It is $537 Canadian a year.
The boat is valued at $25000. I am going to check into Liability only
though.
Mark H. Van Isle, BC
Underwriters agents are www.patand.com. It is $537 Canadian a year.
The boat is valued at $25000. I am going to check into Liability only
though.
Mark H. Van Isle, BC
> The two most expensive possibilities in regards to operating a boat areI think that liability for death or injury to a passenger should be on
> damage to another boat and oil spill remediation. Damage to your own
> boat is far down the list. Look for a liability only policy from a boat
> insurance specialist.
this list. You might be able to get this included on an excess
liability policy.
Some companies, i.e. Boat US, may be more accomodating about insuring
a home-built boat. I would also look in the back of WoodenBoat for leads.
Peter
On Apr 21, 2007, at 12:13 AM, Wesley Cox wrote:
something really stupid. I bought it as an add-on to my homeowners
insurance. I pay about $50 per year.
JimH
> What about damage to someone else's boat caused by your boat? Anyone?I carry liability only on my AS29 for the possibility of my doing
>
something really stupid. I bought it as an add-on to my homeowners
insurance. I pay about $50 per year.
JimH
Thanks, Paul. I hadn't even thought about boat liability like that.
I'll definitely look into it for the upcoming season.
Anyone else have liability-only insurance on your boat, and how much
do you pay for it?
Garth
I'll definitely look into it for the upcoming season.
Anyone else have liability-only insurance on your boat, and how much
do you pay for it?
Garth
--- Inbolger@yahoogroups.com, Paul Esterle <pesterle@...> wrote:
>
> The two most expensive possibilities in regards to operating a boat are
> damage to another boat and oil spill remediation. Damage to your own
> boat is far down the list. Look for a liability only policy from a boat
> insurance specialist.
>
> Paul Esterle
> Freelance Boating Writer
> Columbia 10.7, 26 & Matilda 20
> North East, MD.
> "Capt'n Pauley's Boat Repairs & Upgrades"
> book at www.captnpauley.com
> home.comcast.net/~pesterle/
>
>
>
> Wesley Cox wrote:
> >
> > What about damage to someone else's boat caused by your boat? Anyone?
The two most expensive possibilities in regards to operating a boat are
damage to another boat and oil spill remediation. Damage to your own
boat is far down the list. Look for a liability only policy from a boat
insurance specialist.
Paul Esterle
Freelance Boating Writer
Columbia 10.7, 26 & Matilda 20
North East, MD.
“Capt’n Pauley’s Boat Repairs & Upgrades”
book at www.captnpauley.com
home.comcast.net/~pesterle/
Wesley Cox wrote:
damage to another boat and oil spill remediation. Damage to your own
boat is far down the list. Look for a liability only policy from a boat
insurance specialist.
Paul Esterle
Freelance Boating Writer
Columbia 10.7, 26 & Matilda 20
North East, MD.
“Capt’n Pauley’s Boat Repairs & Upgrades”
book at www.captnpauley.com
home.comcast.net/~pesterle/
Wesley Cox wrote:
>
> What about damage to someone else's boat caused by your boat? Anyone?
>
> ----- Original Message -----
> From: GarthAB
> To:bolger@yahoogroups.com<mailto:bolger%40yahoogroups.com>
> Sent: Friday, April 20, 2007 7:41 PM
> Subject: [bolger] Re: Boat Insurance
>
> I remember looking into it before I launched our Cormorant. But it
> wound up being so expensive that I decided to gamble and go without.
> It was something like $500 per year for a $25,000 replacement value
> (which if I had to pay someone to rebuild our boat, wouldn't even
> cover it).
>
> Trailer boats are a weird case, too. 98% of their time is sadly spent
> out of the water, in your yard or driveway (unless you're going to
> moor or get a slip for the season). If you're in a car accident and
> it's not your fault, the other guy's liability insurance would have to
> pay for your boat. But your car insurance would not cover it if the
> accident were your fault. I wonder how homeowner's insurance would
> cover it if the boat were in your garage and the garage burned --
> probably wouldn't be covered without a rider of some sort.
>
> But my thinking (if you could call it that) was that anything short of
> complete loss could be fixed by me for a few hundred bucks. Hole in
> the side the size of a breadbox? No problem. . . . So only if it sank
> to the bottom. But it's got positive buoyancy even filled with water,
> plus I added about 800 lbs worth of flotation foam here and there. And
> the other doomsday scenario was getting in a really bad highway wreck
> and having it smashed to flinders. Then . . . I'd have to hope it
> wasn't my fault.
>
> Anyway -- if you do pursue insurance, one tip I got back around that
> time was: don't call it homebuilt or self-built. Call it "custom
> built." See if that makes any difference.
>
> All best,
> Garth
>
> --- Inbolger@yahoogroups.com<mailto:bolger%40yahoogroups.com>,
> richard@... wrote:
> >
> > Allstate has again declined to insure my "self built" Chebacco.
> >
> > What is everyone doing for insurance?
> >
>
> ----------------------------------------------------------
>
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.5.446 / Virus Database: 269.5.5/769 - Release Date:
> 4/19/2007 5:56 PM
>
> [Non-text portions of this message have been removed]
>
>
What about damage to someone else's boat caused by your boat? Anyone?
----- Original Message -----
From: GarthAB
To:bolger@yahoogroups.com
Sent: Friday, April 20, 2007 7:41 PM
Subject: [bolger] Re: Boat Insurance
I remember looking into it before I launched our Cormorant. But it
wound up being so expensive that I decided to gamble and go without.
It was something like $500 per year for a $25,000 replacement value
(which if I had to pay someone to rebuild our boat, wouldn't even
cover it).
Trailer boats are a weird case, too. 98% of their time is sadly spent
out of the water, in your yard or driveway (unless you're going to
moor or get a slip for the season). If you're in a car accident and
it's not your fault, the other guy's liability insurance would have to
pay for your boat. But your car insurance would not cover it if the
accident were your fault. I wonder how homeowner's insurance would
cover it if the boat were in your garage and the garage burned --
probably wouldn't be covered without a rider of some sort.
But my thinking (if you could call it that) was that anything short of
complete loss could be fixed by me for a few hundred bucks. Hole in
the side the size of a breadbox? No problem. . . . So only if it sank
to the bottom. But it's got positive buoyancy even filled with water,
plus I added about 800 lbs worth of flotation foam here and there. And
the other doomsday scenario was getting in a really bad highway wreck
and having it smashed to flinders. Then . . . I'd have to hope it
wasn't my fault.
Anyway -- if you do pursue insurance, one tip I got back around that
time was: don't call it homebuilt or self-built. Call it "custom
built." See if that makes any difference.
All best,
Garth
--- Inbolger@yahoogroups.com, richard@... wrote:
>
> Allstate has again declined to insure my "self built" Chebacco.
>
> What is everyone doing for insurance?
>
------------------------------------------------------------------------------
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.446 / Virus Database: 269.5.5/769 - Release Date: 4/19/2007 5:56 PM
[Non-text portions of this message have been removed]
I remember looking into it before I launched our Cormorant. But it
wound up being so expensive that I decided to gamble and go without.
It was something like $500 per year for a $25,000 replacement value
(which if I had to pay someone to rebuild our boat, wouldn't even
cover it).
Trailer boats are a weird case, too. 98% of their time is sadly spent
out of the water, in your yard or driveway (unless you're going to
moor or get a slip for the season). If you're in a car accident and
it's not your fault, the other guy's liability insurance would have to
pay for your boat. But your car insurance would not cover it if the
accident were your fault. I wonder how homeowner's insurance would
cover it if the boat were in your garage and the garage burned --
probably wouldn't be covered without a rider of some sort.
But my thinking (if you could call it that) was that anything short of
complete loss could be fixed by me for a few hundred bucks. Hole in
the side the size of a breadbox? No problem. . . . So only if it sank
to the bottom. But it's got positive buoyancy even filled with water,
plus I added about 800 lbs worth of flotation foam here and there. And
the other doomsday scenario was getting in a really bad highway wreck
and having it smashed to flinders. Then . . . I'd have to hope it
wasn't my fault.
Anyway -- if you do pursue insurance, one tip I got back around that
time was: don't call it homebuilt or self-built. Call it "custom
built." See if that makes any difference.
All best,
Garth
wound up being so expensive that I decided to gamble and go without.
It was something like $500 per year for a $25,000 replacement value
(which if I had to pay someone to rebuild our boat, wouldn't even
cover it).
Trailer boats are a weird case, too. 98% of their time is sadly spent
out of the water, in your yard or driveway (unless you're going to
moor or get a slip for the season). If you're in a car accident and
it's not your fault, the other guy's liability insurance would have to
pay for your boat. But your car insurance would not cover it if the
accident were your fault. I wonder how homeowner's insurance would
cover it if the boat were in your garage and the garage burned --
probably wouldn't be covered without a rider of some sort.
But my thinking (if you could call it that) was that anything short of
complete loss could be fixed by me for a few hundred bucks. Hole in
the side the size of a breadbox? No problem. . . . So only if it sank
to the bottom. But it's got positive buoyancy even filled with water,
plus I added about 800 lbs worth of flotation foam here and there. And
the other doomsday scenario was getting in a really bad highway wreck
and having it smashed to flinders. Then . . . I'd have to hope it
wasn't my fault.
Anyway -- if you do pursue insurance, one tip I got back around that
time was: don't call it homebuilt or self-built. Call it "custom
built." See if that makes any difference.
All best,
Garth
--- Inbolger@yahoogroups.com, richard@... wrote:
>
> Allstate has again declined to insure my "self built" Chebacco.
>
> What is everyone doing for insurance?
>
Allstate has again declined to insure my "self built" Chebacco.
What is everyone doing for insurance?
What is everyone doing for insurance?