Whgoffrn
Veteran Member
Well as a new owner I'm running into delimas and financial trouble I didnt plan for. (Bit off more than I could chew?) My delima is insurance the previous owner had liability which is what I budgeted in for ...they were paying only 350 per year ....geico / boat us says they were grand fathered into that policy and I would need full coverage at 2k per year...also I planned to keep my boat stored on the hard at the glades yard which is quite cheap at $160 per month well they are now full....indian town is my next cheapest option...at $350 per month....so my anticipated expenses went up by approx $400 more per month than I had anticipated right out of the gate not even including repairs
At some stage I wondered if it was a seriously crazy idea to just get the full coverage insurance and a twice the size rated anchor....my current anchor is a 55lb mantus m2....I wondered if to skip some expenses I just get the 105lb mantus with mantus bridles and use a way oversized anchor kinda as a mooring .....put wifi on the boat ....solar and run cameras and board it up and tape windows as if to prepare for a hurricane ...... my expenses would just be the way over inflated insurance and bottom cleaning ......stupid idea? I only plan to use the boat 2 months of the year for now so I hate this plan and preferred to leave it on the hard but now I sorta wonder if I bit off more than I can chew financially
At some stage I wondered if it was a seriously crazy idea to just get the full coverage insurance and a twice the size rated anchor....my current anchor is a 55lb mantus m2....I wondered if to skip some expenses I just get the 105lb mantus with mantus bridles and use a way oversized anchor kinda as a mooring .....put wifi on the boat ....solar and run cameras and board it up and tape windows as if to prepare for a hurricane ...... my expenses would just be the way over inflated insurance and bottom cleaning ......stupid idea? I only plan to use the boat 2 months of the year for now so I hate this plan and preferred to leave it on the hard but now I sorta wonder if I bit off more than I can chew financially