I guess I was not clear enough in what I wrote.
The liability maximum payout is $300,000.
That is all that I wanted, but they insisted on coverage for my losses
as well, so I went with the cheapest coverage that they were willing to
write. So if my boat is wrecked, the most they will pay me is $3,000. If
my boat is responsible for damage to others, requires removal from a
shoal, or whatever else (with listed exceptions) that could result in a
lawsuit, they will cover up to $300,000.
Don't forget that Central Florida is in a high risk area for hurricane
damage, and liability premiums are not comparable to the Chesapeake.
Steve
------ Original Message ------
From: [email protected]
To: [email protected]
Cc: [email protected]
Sent: Wednesday, June 23, 2021 8:57 AM
Subject: Stus-List Re: Insurance for Older Boats
That does not make sense to me. You are paying $800 a year for a max
payout of $3,000???? If I went just liability my insurance bill would
be around $120 a year or so. I would shop around.
Joe
From: Korbey Hunt via CnC-List <[email protected]>
Sent: Tuesday, June 22, 2021 6:49 PM
To: Stus-List <[email protected]>
Cc: Korbey Hunt <[email protected]>
Subject: Stus-List Re: Insurance for Older Boats
Problem is my boat is in Mexico. Been to Novamar. No help there. Boat
is being hauled for survey next month.
Get Outlook for Android <https://aka.ms/AAb9ysg>
From: Steve Thomas via CnC-List <[email protected]
<mailto:[email protected]> >
Sent: Tuesday, June 22, 2021 2:07:40 PM
To: [email protected] <mailto:[email protected]>
<[email protected] <mailto:[email protected]> >
Cc: Steve Thomas <[email protected] <mailto:[email protected]> >
Subject: Stus-List Re: Insurance for Older Boats
I just today paid the annual $1,000,000 CAD liability-only premium for
my 1978 C&C27 on the Canadian side of Lake Erie. It was $70.20 CAD.
Desjardins Insurance, which bought out State Farm here a few years ago.
The 1980 C&C36 in Central Florida on the other hand, costs over $800.00
US for 300,000 US liability with Progressive. That is with the hull
valued at 5,000 and a 2,000 dollar deductible. (I know, but for some
reason, they would not write me a liability-only policy. Without the
deductible, the premium would have been over $1,200.00 US. They refused
to write a liability-only policy ostensibly because I live out of
state.)
Your mileage may vary.
Thanks to all of the subscribers that contributed to the list to help
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use PayPal to send contribution -- https://www.paypal.me/stumurray
<https://www.paypal.me/stumurray> Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the
costs involved. If you want to show your support to the list - use PayPal to
send contribution -- https://www.paypal.me/stumurray Thanks - Stu
