Currently with my new boat I have an Actual Cash Value policy with BoatUS that carries the required amount of liability for the marina I stay at. It was a quick and fairly easy quote to get that allowed liveaboards. Most insurances won't cover liveaboards from what I found so i'd need a broker to dig something up for me. . .might do that in a year when I'm up for renewal and have had time to find some "yacht coverage".
My sailboat is under a liability only policy. Never got around to it since I never got it surveyed. The couple times I looked, they required one since it was so old. Now, seven years later, the boats even older and not worth it in my eyes. The insurance is there to basically clean up the mess if something bad happens.
|