Just curious, if it is worth it to insure a beach cat. It is my understanding that the auto policy covers the boat while under tow on the road. Coverage for the actual boat covers liability and damage on the water. Not sure its really necessary?
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Karl, Captain of Stayin' Thirsty
2011 Hobie 16SE
Atlanta, GA
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Is your boat insured?
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Posted: Sep 17, 2014 - 11:22 AM
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Posted: Sep 17, 2014 - 12:07 PM
YES
Even if you don't care about the loss of your boat or damage to yourself, you should make sure you can cover damage to others and to their property. So at least liability insurance unless your are filthy rich and can pay out of pocket for any kind of damage or liability you might ever have.
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Damon Linkous
1992 Hobie 18
Memphis, TN
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Posted: Sep 17, 2014 - 12:15 PM
Definitely get liability....it will be cheap.....like $50 a year. And your boat is nice so I'd go with full coverage. Mine is ~ $175 a year ($1000 deductible) and covers racing.
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Jerome Vaughan
Hobie 16
Clinton, Mississippi
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Posted: Sep 17, 2014 - 04:28 PM
In todays culture of suit happy plaintiffs and we don't get paid until you do lawyers, the smart move is to carry at least liability. The tort laws in this country definitely need to be revised to more modern times. Negligence is easy to prove and all it takes is a minimal hint of negligence and "your goose is cooked." $100K worths of insurance is dirt cheep. For that matter, for a slight bit more money comprehensive is also easily affordable. "Don't leave home without it." -
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Posted: Sep 17, 2014 - 04:29 PM
Usually you can make the liability on your boat a rider on your homeowner's or renter's policy.
Mine is $120 per year.
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Posted: Sep 17, 2014 - 05:15 PM
Make sure you are covered when RACING!
and make sure it is covered when trailering, when parked on others property, and if full coverage, get replacement cost. Anybody try to buy a N20 mast lately? It's cheaper to buy another boat.
Insurance is dirt cheap.
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Philip
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Posted: Sep 17, 2014 - 07:32 PM
I got insurance for my boat this year. I played around with the deductibles and it turned out to not cost more than a couple dollars more to drop the deductible down to $100. I'll be glad I did that if something ever happens and I only have to pay $100 out of pocket.
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-Zach
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Posted: Sep 18, 2014 - 05:58 AM
who do you insure with?
I had allstate at 350 year for liability and collision but dropped it this year
PS my home policy ONLY pays 1000 if the boat is stolen/destroyed -
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Posted: Sep 18, 2014 - 06:37 AM
I have State Farm. $138 premium, $100 deductible. Agreed upon value of $6000 for the boat and $1200 for the trailer. $500,000 liability and $5000 personal injury.
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-Zach
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Posted: Sep 18, 2014 - 06:40 AM
Also, State Farm does cover sailboat racing. It's written specifically in their paperwork.
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-Zach
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Posted: Sep 18, 2014 - 07:51 AM
thanks for the info
what state are you in? (i'm sure it has some effect on the cost. Fl has the most boats per capita, and no licence required) -
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Posted: Sep 18, 2014 - 07:55 AM
I'm in Indiana. Also to note, the insurance covers me in the US and in coastal waters. So I can take the boat anywhere. They did ask where it is normally stored/moored.
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-Zach
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Posted: Sep 18, 2014 - 09:04 AM
Most boating insurance policies cover racing as long as no motors are involved. You can also cover a boat based on an agreed cash value until it is 25 years old. After that they go by some other value similar to KBB.
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Jeff
Houston TX
1986 Hobie 18 Sail# 13031
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Posted: Sep 18, 2014 - 11:34 AM
Overhere, in Europe I have liability, but its only for inshore, lakes etc
€ 52,00
For racing I have a separate insurance, 12 miles coastal and
€ 2000.000,00 coverage.
Thats € 70,00
When the T is finished, I'm gonna reconsider the situation.
André
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Tornado (80's Reg White)
Prindle 18-2 (sold)
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13 mtr steel cutter (sold)
Etap 22, unsinkable sailing pocket cruiser.
Amsterdam, the Netherlands
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