Robster_in_edmonds
Senior Member
If your car isn't running right, would you walk past an expert mechanic to get advice from a stranger waiting for a bus? That's what this is starting to look like. Work with a good insurance agent, like Pau Hana, and follow his/her advice.
Environmental damages are capped by the EPA at about $850K. So the OP's current 500K of liability won't even cover that. That's bad advice or a bad choice.
My advice to clients is as follows. Liability on the yacht policy of at least one million dollars. Then an Umbrella policy that covers your assets, future income and any planned inheritance, bonuses, etc, and round up to the next million. The Umbrella also funds your legal defense.
You never know how good your insurer is until you file a claim. Search Insurance Commissioner statistics in your State. Scour the Internet. Talk to several brokers. You will quickly learn who the good companies are.
Environmental damages are capped by the EPA at about $850K. So the OP's current 500K of liability won't even cover that. That's bad advice or a bad choice.
My advice to clients is as follows. Liability on the yacht policy of at least one million dollars. Then an Umbrella policy that covers your assets, future income and any planned inheritance, bonuses, etc, and round up to the next million. The Umbrella also funds your legal defense.
You never know how good your insurer is until you file a claim. Search Insurance Commissioner statistics in your State. Scour the Internet. Talk to several brokers. You will quickly learn who the good companies are.