Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 29-01-2014, 13:30   #16
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 17,056
Re: Insurance question

No, liability wise I carry insurance, plus of course a private citizen can't self insure their automobiles either, but so far liability only hasn't been very expensive.
The self insure thing started with my airplane, it's a Bush plane and has an exceptionally high loss rate, so full insurance was like 10% hull value per year, even though I'm over 10,000 hours, Commercial, instrument etc. That's a new airplane every ten years, so I dropped all but liability insurance. Got me looking at insurances cost as opposed as to how much good it has done me, so now I only insure the things that would break me if I lost them, cars I could lose and still be OK, house? No that would hurt.
__________________

__________________
a64pilot is offline   Reply With Quote
Old 29-01-2014, 14:05   #17
Registered User

Join Date: Dec 2013
Location: Paradise
Boat: Various
Posts: 2,360
Re: Insurance question

Quote:
Originally Posted by a64pilot View Post
No, liability wise I carry insurance, plus of course a private citizen can't self insure their automobiles either, but so far liability only hasn't been very expensive.
The self insure thing started with my airplane, it's a Bush plane and has an exceptionally high loss rate, so full insurance was like 10% hull value per year, even though I'm over 10,000 hours, Commercial, instrument etc. That's a new airplane every ten years, so I dropped all but liability insurance. Got me looking at insurances cost as opposed as to how much good it has done me, so now I only insure the things that would break me if I lost them, cars I could lose and still be OK, house? No that would hurt.
I understand. That's like insuring jewelry or collectibles. Now if they're in a secure place can be very little.

Oh and actually there are states in which a private citizen can self insure their autos. In some cases they do it through a surety bond. There are other options also. Seems quite foolhardy to me.
__________________

__________________
BandB is offline   Reply With Quote
Old 03-02-2014, 14:28   #18
Registered User

Join Date: Feb 2014
Location: Deltaville, VA
Boat: Moody M46 46
Posts: 263
Re: Insurance question

The price seems high. I'd go look at some marine insurance specialists. Location is critical, and you are apparently in FL. Liability is critical as is salvage, uninsured and underinsured boaters. If you crash your plane you probably won't need to worry about the details afterwards; not so if you hit another boat or a dock or one hits you. Many policies toss in towing and named storm coverage haul-out, i.e., the insurance company splits the cost of a haul out in case of a named storm. The panhandle has a few of those lately. Finally, if you agree to limit your cruising area you can save a lot, as will agreeing to lay up the boat for a certain time period. Waivers to go outside your cruising area for a month or two don't cost much. Get quotes from a marine specialist.
__________________

__________________
Moody46CC is offline   Reply With Quote
Reply

Tags
insurance

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Please advise (insurance during buying) Cheshire Dollars & Cents 8 19-07-2013 13:47
question marks on all channel markers for cmap 93 chart sdowney717 OpenCPN 21 20-12-2011 14:57



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 01:00.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.