As a boater who paid insurance for 25 years without a claim I got upset when my bro cider decided that in December I needed an out of water survey
before they would renew my policy. So on top of the $1000+ for insurance I was to pay another $1000+ for lifting and a survey
Now I had noticed that my coverage had gotten more restricted and the fine print more elaborate and restricted. I saw red and told them to stuff it. Now they dropped demands cut my premium, but I had had enough. Now 8 years later I am ready to head
off for the big trip. Obviously no one will insure me for blue water
unless I am willing to pay big time which I am not.
This is partially because I can not afford it and also I have to prove that I can manage blue water first. Fair enough, I can see the logic in that. But the third party makes sense. Not so much that I am fearful of being sued, as if my boat sinks my only assist is a 10 year old Rav 4 (any offers). But I if my dream is destroyed by chance or fluke I do not want to have to live with destroying someone else's dreams.
Now I would imagine that someone with a 60 ft dream boat will have insurance up the ying-yang, or can afford to loose it without loosing sleep. However it is quite possible that when I drag anchor I could ruin the dreams of someone with more modest means.
I am a Canadian registered vessel anyone have suggestions on how I can get third party liability before I head
out in a few months. I will be away from canada
for several years. Well good as far as the boat is concerned. Cheers