Insurance for Steel Hulls
Good day all,
It's been a while since reporting, but we are still in the research and asking questions phase. Looking forward to getting back to the good ole US of A next year. In any case, if you all would entertain one of my questions that I've not been able to find and answer to, I would appreciate it.
What are the common thoughts about insurance on steel vs. fiberglass hulls? Would the rates be any less or more or the same? Personally, I think the steel hull would be less of a risk, but then it tends to cause more damage to others if an incident occurred. I just never know how insurance companies view the different build materials. I like a well cared for steely, but if the rates are going to be through the roof in comparison, I'll stick to glass.
Scott and Malina
"Money may not buy happiness, but it will buy a yacht large enough to pull right up alongside of it"