I think the answer is found in the original post, which stated:
"I had a great policy with State Farm, which Covered my boat anywhere from
Alaska to HI, but I've moved to BC to live aboard, and State Farm is not
chartered to underwrite in BC."
De moved to BC, so his residence is there, not the US, where State Farm can
write coverage. In my previous example, it would be like the Florida guy
moving to Maine. Once he leaves Florida and his domicile/residence changes
from there to Maine, the insurance company would need to be licensed in
Maine to renew the policy. As a Maine resident the Maine insurance
regulations and licensing laws apply to coverage that is sold to their
residents. Same holds true in BC -- once you move there, as opposed to just
passing through, the Canadian government has its sovereignty rights that
apply and permit it to regulate what goes on there and who sells insurance
to its residents.
Norm is right as well, trying to trick the carrier into writing coverage by
fibbing about your residence, using a post office box or a friend to get the
policy will get you a piece of paper that will satisfy a marina -- but --
having lied to get coverage, once you have a loss of any real significance
(just when you really need the coverage), the carrier will investigate the
circumstances of the loss, discover your fraud, deny coverage entirely and
send you a premium refund.
If he really moved back to the US he could get coverage; however, if he just
brought the boat back TO GET COVERAGE and all along intended to return to BC
to live, then his residence has not changed at all and saying that he
resided in the US when he applied for the coverage would be a false
statement.
Alan
-------Original Message-------
From: [EMAIL PROTECTED]
Date: 1/13/2008 12:11:19 PM
To: [email protected]
Subject: Re: [Liveaboard] [SPAM]Re: marine insurance in BC Canada?
Alan, thank you. So, back to the original question, why can the guy in BC not
go back to the US or where ever his previous insurer was and get insurance that
covers the area that he presently occupies, which he stated it did, and be
covered? It's a boat. Where it is parked should be considered temporary unless
it has some type of limitations, ie, aground, permanent attachments to land
structures, or something. I have on occasion traveled to some location and
picked up a vehicle or trailer and phoned my agent and had it covered
immediately. It didn't have to be in the state that he was in or ever return
there that I know of. If the guy has to have a residence in the area that the
insurance co. writes in would not a forwarding company, PO box, relative,
friend, or whatever work?
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