Originally Posted by Hud3
There have been some threads on this subject here in the past. Give the "search" feature a try and see what comes up.
Advice from a member
who actually sells recreational marine
insurance was to the effect that your experience will be a factor in a given underwriter's decision to offer you a policy and/or what the premium might be. In my experience, insurers have always accepted my boating
resume as a factual representation of my personal experience with boats. I provided references
, but they were not checked.
That being said, I'd strongly recommend that you be straight with them--don't embellish your experience in any way. If you have a significant claim later on, and are found to have falsified information in your application, you're probably going to regret it.
Well said, Hud!
For recreational craft up to 60' or so, insuring companies generally will accept an insured's submitted resume/statement of experience. HOWEVER, if a claim is submitted, and the nature of the claim is suspect, the claims adjustor's may request proof of said experience.
Example- a client purchasing
a 45' twin engine trawler
embellishes his experience info by stating he has owned a 37' trawler
, as well as the current
19' runabout. Truth- his father owned the 37' boat.
A claim is filed for a crash (backed into another boat, causing significant damage). Claims adjustor interviews claimant, becomes suspect, and requests proof of ownership
of the 37' (registration/USCG doc).
Claim is declined due to falsification of application. Yes, this was a real world example.
When you get to vessels over 60, underwriters like to see significant experience; federal licensing, a cruising blog that denotes the owners experience, etc.
There's no hard and fast rule
, but (as Hud stated) don't embellish.