Quote:
Originally Posted by PMF1984
The problem going forward is that if I do want to keep the boat and fix it, I will need insurance. Everywhere I have ever been that I would want to keep the boat requires an insurance certificate.
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Correct me if I am wrong, I would think the insurance needed would be liability and salvage costs. If that is possible to get separately.
An insurance company may no longer wish to insure the hull and replacement costs. And a marina does not care if you get the boat replaced. Just that the mess it creates in the event of a loss is covered to be removed. Same for any liability that the boat may cause to others.
Not sure if that kind of policy is available. And any insurance company would want to know that reasonable measures have been taken to limit that exposure. Like the vessel is not in a condition that it may go under again with reasonable prevention.