[quote=nohuhu]And now for the fine print...
YES, it's way too late to call about boat insurance. And policies are frozen when a named storm approaches. No changes, according to BoatUS.
As far as replacing your awesome 20 year old cat, (which has greater sentimental than market value):
"For any covered loss due to a Named Storm that occurs while the insured boat is located in AL, FL, GA, LA, MS, NC, SC, TX, Bahamas, Caribbean or Mexico, the deductible becomes the greater of the Hull and Equipment deductible, $1000, or 5% of boat's Insured Value. The Named Storm Deductible is not subject to the diminishing deductible feature of this policy."
So you will pay $1000 toward that $2500 coverage- on top of your premium (figure roughly 50% of the boat value).
You are really paying for liability, (as when you boat flies away and crashes into the Carbon fiber ARC22 located down the beach and the mast just misses the living room window of the nearest condo, but impales the new Mercedes parked near it).[/quote]
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