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Old 02-19-2015, 06:09 PM   #41
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Originally Posted by alormaria View Post
What do you call 100 lawyers at the bottom of the ocean?
A good start?

Why won't sharks bite lawyers? Professional courtesy.

But when you need an attorney, they look really nice all of a sudden
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Old 02-19-2015, 06:16 PM   #42
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Wrapping up...

OK, friends, to wrap this up:
1. Have enough insurance on your own boat so that if it sinks, catches fire, or is otherwise destroyed, you have enough money to replace your boat. This should cover your boat, dinghy, electronics and other boat-specific gear you have.
2. Have enough personal property coverage to replace all of your other "stuff" that you keep on the boat.
3. Have a million dollars of liability coverage and make sure your pollution/spill coverage is maxed out.
4. You already have a Personal Liability Umbrella, right? If not, have a chat with your agent, or a good agent. :-)
5. Make sure you can live with your deductible. A $2,000 deductible will lower the cost of your insurance but it won't be too helpful if you have a $2,000 claim to file and not enough money to pay for the repair yourself.
6. Please read your policy and understand what the coverage limits are and what exclusions are written in. I have looked at about eight different comapnies' policies and every single one is different. This is a very different beast than car insurance, for example.
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Old 02-19-2015, 09:10 PM   #43
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Originally Posted by Robster_in_edmonds View Post
OK, friends, to wrap this up:
1. Have enough insurance on your own boat so that if it sinks, catches fire, or is otherwise destroyed, you have enough money to replace your boat. This should cover your boat, dinghy, electronics and other boat-specific gear you have.
2. Have enough personal property coverage to replace all of your other "stuff" that you keep on the boat.
3. Have a million dollars of liability coverage and make sure your pollution/spill coverage is maxed out.
4. You already have a Personal Liability Umbrella, right? If not, have a chat with your agent, or a good agent. :-)
5. Make sure you can live with your deductible. A $2,000 deductible will lower the cost of your insurance but it won't be too helpful if you have a $2,000 claim to file and not enough money to pay for the repair yourself.
6. Please read your policy and understand what the coverage limits are and what exclusions are written in. I have looked at about eight different comapnies' policies and every single one is different. This is a very different beast than car insurance, for example.
My lawyer friend suggested that you add this item:

7. Make sure you have a $5,000 retainer with your lawyer.
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Old 02-20-2015, 05:20 PM   #44
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Have you seen this on the east coast!

Do you know how to tell if it is cold outside?
Lawyers have their hands in their own pockets!
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