View Poll Results: Which of the choices best describes your insurance situation
I carry insurance on damage to my boat plus liability 122 89.71%
I don't have coverage on my boat, but I do have liability insurance. 9 6.62%
I don't have either. 5 3.68%
Voters: 136. You may not vote on this poll

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Old 03-27-2017, 01:18 PM   #1
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Poll: Insurance

This has been a recent topic so thought a poll where everyone could post anonymously might be interesting.
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Old 03-27-2017, 01:29 PM   #2
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Most lenders require comprehensive. Most transient marinas require liability. My peace of mind requires both. Stuff happens.
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Old 03-27-2017, 01:56 PM   #3
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Just in case I preferred to be covered. Moreover my insurance will cover towing fees if I requires any which is great peace of mind for me.
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Old 03-27-2017, 03:18 PM   #4
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In Australia you will be refused to use a marina either for overnight and or permanent use without full comprehensive insurance and so it should be .
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Old 03-27-2017, 03:21 PM   #5
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Currently with my new boat I have an Actual Cash Value policy with BoatUS that carries the required amount of liability for the marina I stay at. It was a quick and fairly easy quote to get that allowed liveaboards. Most insurances won't cover liveaboards from what I found so i'd need a broker to dig something up for me. . .might do that in a year when I'm up for renewal and have had time to find some "yacht coverage".

My sailboat is under a liability only policy. Never got around to it since I never got it surveyed. The couple times I looked, they required one since it was so old. Now, seven years later, the boats even older and not worth it in my eyes. The insurance is there to basically clean up the mess if something bad happens.
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Old 03-27-2017, 03:49 PM   #6
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I would like to see laws in place requiring proof of liability insurance before a boat could be registered or documented. As it is now, I pay a fee for "uninsured boater" coverage.


I have both boat and liability coverage. The liability coverage is one million dollars with my umbrella policy.
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Old 03-27-2017, 06:39 PM   #7
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Damage plus liability cover is the norm, and liability of $10m is common. Further, in Queensland the following regulation applies:

  1. All recreational ships more than 15m but less than 35m in length must have an insurance policy that provides A$250,000 for pollution clean up and A$10,000,000 for salvage and wreck removal.
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Old 03-27-2017, 07:36 PM   #8
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Quote:
Originally Posted by Shrew View Post
Most lenders require comprehensive. Most transient marinas require liability. My peace of mind requires both. Stuff happens.
My home marina requires proof of liability insurance and they are listed on the policy.

I have never been asked for proof of insurance as a transient.
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Old 03-28-2017, 12:21 PM   #9
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I have full coverage for the entire west coast out to 60nm in the summer and 20nm in the winter.....
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Old 03-28-2017, 01:08 PM   #10
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Quote:
Originally Posted by WesK View Post
My home marina requires proof of liability insurance and they are listed on the policy.

I have never been asked for proof of insurance as a transient.
You are correct. I included transient and should not have. With my luck, If I said "marina", as opposed to 'seasonal contract', someone would have corrected me that an overnight stay at they're favorite transient marina didn't require it as well.

I appreciate the correction.
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Old 03-28-2017, 03:10 PM   #11
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I have comprehensive coverage out to 250 nm offshore anywhere in Australia, $10 million liability, and zero deductible on claims inside home marina.

Only one marina I've visited has asked for liability insurance. None of the other, including my home marina, have asked about insurance.
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Old 03-28-2017, 05:03 PM   #12
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Quote:
Originally Posted by Shrew View Post
You are correct. I included transient and should not have. With my luck, If I said "marina", as opposed to 'seasonal contract', someone would have corrected me that an overnight stay at they're favorite transient marina didn't require it as well.

I appreciate the correction.
I might have had to sign that I had insurance at a transient marina but I've never been asked to show proof. I couldn't, the papers are at home.
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Old 03-28-2017, 07:06 PM   #13
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My home marina is in my backyard... I still have full coverage insurance.
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Old 03-28-2017, 07:49 PM   #14
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Originally Posted by WesK View Post
I might have had to sign that I had insurance at a transient marina but I've never been asked to show proof. I couldn't, the papers are at home.
That's a mistake, leastwise here. Even for a day's docking, some marinas, one example: Berkeley wants proof of sufficient insurance in addition to proof of current documentation/registration as well as prepaid fees since no one there accepts payment during a weekend or holiday. My home marina (Vallejo) requires annual proof of insurance as well as registration/documentation and is closed on weekends so guests aren't welcome unless they can visit during the business week to make arrangements.
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Old 03-28-2017, 09:43 PM   #15
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One of the boats in my marina was purchased for 7 million dollars. Who here has enough liability coverage to pay for that if their boat destroyed it (like from fire, for instance)?

I don't.
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Old 03-29-2017, 05:58 AM   #16
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Quote:
Originally Posted by Group9 View Post
One of the boats in my marina was purchased for 7 million dollars. Who here has enough liability coverage to pay for that if their boat destroyed it (like from fire, for instance)?

I don't.
My liability insurance is $500,000 on the boat policy. Then my personal umbrella policy raises all liability coverage on the boat policy to $3M. Cost less than $100 to add my boat to my umbrella policy. Pretty much a no brainer.

Probably not to many $7M boats I can sink with my boat.

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Old 03-29-2017, 08:32 AM   #17
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Full for the west coast coverage out to 25nm. I don't have the policy in front of me, however, if I remember correctly, I have a 3mil umbrella.
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Old 03-29-2017, 08:41 AM   #18
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Agreed value on both boats with normal liability. The marina I use is used by The Hinckley Company for commissioning their new builds so there is always at least one million plus dollar boat there. During the summer there is always at least one and often several 100+ footers at the marina. You bump one of those and the new paint job would cost over $200K.
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Old 03-29-2017, 09:03 AM   #19
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Quote:
Originally Posted by markpierce View Post
That's a mistake, leastwise here. Even for a day's docking, some marinas, one example: Berkeley wants proof of sufficient insurance in addition to proof of current documentation/registration as well as prepaid fees since no one there accepts payment during a weekend or holiday. My home marina (Vallejo) requires annual proof of insurance as well as registration/documentation and is closed on weekends so guests aren't welcome unless they can visit during the business week to make arrangements.
I can only post my personal experiences. I don't carry proof of insurance on my boat. I've never been asked to show proof of documentation or registration either. As for fees, it's pay when you get there normally. A few places are pay before you leave.

My experience has been on the US east coast from the top of the Chesapeake Bay to Florida.

I would expect for anything out of the ordinary to be mentioned in Active Captain.
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Old 03-29-2017, 06:38 PM   #20
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Quote:
Originally Posted by O C Diver View Post
My liability insurance is $500,000 on the boat policy. Then my personal umbrella policy raises all liability coverage on the boat policy to $3M. Cost less than $100 to add my boat to my umbrella policy. Pretty much a no brainer.

Probably not to many $7M boats I can sink with my boat.

Ted
Yep, that's my plan, too. Hope like hell, it doesn't ever hapoen.
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