Insurance Yes or No

[jimraab]

I was just curious to see if the majority of owners carry insurance. Do most of you who have insurance carry liability only or coverage for the watercraft also?

 

[RFoster130]

It is wel worth the cost of $250 a year. They cover the boat and liability. Also covers towing and any possible fluid spills on the water.

 

[Dr Honda]

I didn't for many years... but now that I got older, and have more to loose... it's worth the $100 year.

I don't think there are any laws saying you must have it... but it's cheap, and good to have if there are ever any problems.

 

[Comfortably Numb]

insurance

For sure...I carry full coverage. Way to much to loose if something out of the ordinary were to happen.

Worth the $200 per year for sure.

 

[daverade]

where are you guys insured, i checked on my 2 gtx's and they wanted like $1280.00 a year!!! where did it all go wrong?

 

[RFoster130]

I had much better luck with a company that only deals with boat insurance. Try one like that. Boatus.com

 

[daverade]

cool thanks...that was progressive!!!! aaaahhhhhh

 

[bcromwell]

cool thanks...that was progressive!!!! aaaahhhhhh

Wow, Thats odd.. I only pay 300$ yr for two 07' GTI Se's from progressive.

 

[scooper77515]

Wow! The variation in prices is astonishing!!!

I use progressive, and bought it in KustomKarl's driveway before I drove the boat off his property.

I pay just a touch over $100 a year.

I also have 2 of my 3 cars under progressive, maybe that makes a difference, but I wouldn't think a $200-300 difference.

 

[Sikiguya]

There is no law requiring you to have insurance. However, it is basically hedging your income and asset against an unexpected occurrences. If you own and operate a boat, you know what that is.

Funny how saving a few hundred dollars versus paying out hundreds of thousands of dollars is such a dilemma. As in Nike's logo..JUST DO IT!:hurray::hurray:

 

[Comfortably Numb]

insurance

I use Travelers, might be discounted as I have a couple of cars, house, and larger boat with them also.

Good Luck.

 

[Dr Honda]

My boats and bikes are with Progressive. I'm 38, I have good credit (that's a biggy) and I live in a state that's cold 1/3 of the year.