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Old 07-04-2014, 21:05   #16
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Re: Does Insurance Pay Out if you Bail Out?

We have been lucky enough to have owned our boats outright with no lenders involved. And we have only carried Liabilty Ins so we can dock in marinas went we wish! Most of them even in Mexico, and Belize require at least 100,000 to 300,000 US bucks worth ! Never had a problem getting that at a fair price thru many different carriers. We now have a local Ins man who handles a lot of the local shrimpers, gets the best rates we have ever had !
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Old 08-04-2014, 08:10   #17
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Re: Does Insurance Pay Out if you Bail Out?

I don't know the answer to the question. But I feel knowing the answer for ones own policy is worth knowing before heading. Given that a boat could be a large part of ones assets and there could be a situation that to abandon or not is a close decision the insurance impact could really matter and come into play.
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