I too am "self-insured". I operate my boat carefully and take my seamanship seriously.
I was sued once for damage that occurred when I dragged down on another boat, broke it loose from its anchor which resulted in it grounding itself on a beach against a seawall with some damage to the fiberglass. I had already given the other boatowner $3K but apparently she smelled money after she got a lawyer. I went to court without a lawyer (the other side had one). The judge ruled that the black squall (microburst) was an act of nature, that I had done everything reasonable to prevent the accident and because the other boat had neglected to tie the end of their anchor line to the boat (causing it to come loose from its anchor and hit the seawall) I was not at all responsible for the resulting damage. The boat owner did not deposit my $3K check. If I am asked somewhere if I have insurance I will say "yes". I won't tell them it is my car insurance I am talking about, but I don't do marinas and the boatyard where I haul out for annual has not asked. Norm S/V Bandersnatch Lying Julington Creek FL 30 07.72N 081 38.4W > [Original Message] > From: <[EMAIL PROTECTED] (De Clarke)> > To: <[email protected]> > Date: 1/11/2008 11:21:22 PM > Subject: Re: [Liveaboard] [SPAM]Re: marine insurance in BC Canada? > > Norm of Bandersnatch ([EMAIL PROTECTED]) wrote: > > If one lies while applying for insurance the insurance will be invalid and damages not paid. > > well there are two reasons to have marine insurance. > > 1) to protect yourself against the financial loss of boat and > contents > > 2a) to protect yourself against expensive claims made by others > whose boats or property are damaged by one's own misadventure > or misjudgement > > 2b) to fulfill requirements by litigation-happy marina owners > who will not allow you to rent a slip w/o proof of insurance. > > insurance based on a falsified application would solve the 2b problem -- > and this problem may be spreading further and further around the world > from the US, like a contagious disease :-( > > but it doesn't solve the other two problems, because as Norm points out, > the insurance company will not pay up (and they are very good at finding > reasons not to pay up, you betcha) if they discover that your application > information was falsified. > > where I'm tied up right now they don't ask questions about insurance. > living aboard I am less likely to suffer boat loss than an absentee owner. > so I'm thinking maybe it's just a non-issue and I'll "self insure". > theft of a dinghy is probably the most common financial hit for cruising > boats, and my dinghy has no outboard and is not a desirable Avon or > other RIB. I can think of some other good uses for $500-$800 per annum. > > de > > __ _______________________________________________ Liveaboard mailing list [email protected] To adjust your membership settings over the web http://www.liveaboardnow.org/mailman/listinfo/liveaboard To subscribe send an email to [EMAIL PROTECTED] To unsubscribe send an email to [EMAIL PROTECTED] The archives are at http://www.liveaboardnow.org/pipermail/liveaboard/ To search the archives http://www.mail-archive.com/[email protected] The Mailman Users Guide can be found here http://www.gnu.org/software/mailman/mailman-member/index.html
