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Old 29-08-2011, 16:24   #1
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Insurance Costs by Percentage of Boat Value

I wonder what percent of boat value most are paying for insurance?
2-5% appears normal for extended cruisers, local coastal much cheaper can anyone give some real life percentages?
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Old 29-08-2011, 16:27   #2
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Re: Insurance costs by percent boat value

% boat value doesn't work. My current boat is valued at 190% of my last boat, yet my insurance is about 75% of my last one. And thuis is the same company.
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Old 29-08-2011, 17:09   #3
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Re: Insurance costs by percent boat value

yip shows the lack of reason in insurance!
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Old 29-08-2011, 19:21   #4
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Re: Insurance costs by percent boat value

I pay 3% in a prime hurricane area. Should be cheaper if you are not in a hurricane zone. If you boat insured value is low, it will be much more.
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