Poll: Insurance

[jwilsail]

Boat insurance is what it is. If you can afford to self insure and sleep well at night, great. I lost a 40 ft trawler and a 40 ft sailboat in hurricane Katrina. Happy I had insurance on both. There is great disparity in rates for boat insurance so shop around. For low cost check association like AARP or USAA, the tow companies can be a good source Boat US and Sea Tow, Nationwide has a good low cost policy. I have coverage on my trawler and sailboat with Foremost.

 

[Doug Doty]

I was very impressed by what Boat US offered as a quote on my boat last week, I needed a fresh survey but had it done and will be switching... Survey cost saved in one season !!!

 

[Robster_in_edmonds]

I'm in the insurance business, sorry I wasn't more specific. Rather than name the companies whose policies I feel have glaring weaknesses, I will simply state the companies whose policies I feel are good. Ace and Chubb for marine policies. I am a State Farm agent and their policy is equally strong, as long as you buy $1 million in liability and have an Umbrella. State Farm covers environmental damage as part of liability, while the other two have separate environmental damage coverage.

I have reviewed nearly a dozen different policies and all are different. Not only do most boat owners not know their own policies, most general lines insurance agents don,t know them either. [emoji27]