Excellent examples above of how it does work and all the different approaches. In our case, we live in Fort Lauderdale
, so clearly boat is likely to be in Hurricane
area and no promises as to what might be done. We did develop a hurricane
plan but made it completely clear that we were not promising to follow all or any of that plan or to do anything. Funny
thing is we also danced around things like larger deductibles and on our policy it made minuscule difference.
, our initial quote said we warranted against freezing if we went above a certain line. We had that removed. But just shows if you're north they're concerned about hurricanes and south concerned you'll take it into freezing areas. Ours did include a payment into the Florida
Hurricane Catastrophe Fund. We also suggested not covering our tender
but found that to save zero so left it covered. We do have War coverage.
Rates don't remain constant. They vary significantly with size and age and value. An inexpensive boat is going to get a much higher rate than a higher priced one. You just have to play with it and work on it until you have what is most cost effective for you.