Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 01-03-2009, 14:54   #1
Registered User

Join Date: Aug 2008
Location: guam
Boat: 30ft-Acen
Posts: 168
Guam Base Marina

ok so the navy is now poking its big noze in to base marinas, seems, i dont know what it was before but the inshuranca coverage is a bit steep this is a pice of the email i receved.

Moving forward to the Navy's insurance requirements for vessels that are moored or stored at any Navy marina.
All vessels that are moored / stored at ----- ---- Marina are required to be covered by customary marine
insurance including hull and machinery based on the surveyed value of the
vessel, and liability coverage that is no less than $300K.


300k feels a bit steep to me. 300k is like my boat braking lose and drifting down and hitting evrey other boat in the marina.
__________________

__________________
ShadowRWolf is offline   Reply With Quote
Old 01-03-2009, 16:36   #2
Registered User

Join Date: Dec 2008
Location: ontario canada
Boat: grampian 26
Posts: 1,743
300K is is too low for liability. If you kill someone with your boat 2 or 3 million might just save your ass. I used to run a public riding stable here in Canada and was only sued once. That extra liability insurance saved our bacon.
__________________

__________________
perchance is offline   Reply With Quote
Old 01-03-2009, 17:40   #3
Senior Cruiser

Join Date: Apr 2006
Posts: 2,453
300k is the minimum here in the states (California at least)
__________________
S/V Elusive is offline   Reply With Quote
Old 01-03-2009, 22:54   #4
Registered User

Join Date: Aug 2008
Location: guam
Boat: 30ft-Acen
Posts: 168
ahhh ok it just sounded expencive, im not inshured right now >.>......
kinda trying to put off spending any unnesacary $ on the POS sail boat i have. servay is on the to do list and i think il be worth less than 5k, broken moter, wood inside rotten (aft bunk/ storage area) all thrue holes posobly originol (1970s gate valves) electricul originol, with PO tweeks and werd setups, dead ending hot wires.....

just seemd like a lot to inshure for if im worth nothing.

o well fue more mounts and the boat will be worth a lot more
__________________
ShadowRWolf is offline   Reply With Quote
Old 02-03-2009, 01:06   #5
Senior Cruiser
 
Lancerbye's Avatar

Cruisers Forum Supporter

Join Date: Mar 2007
Location: Ladysmith,BC, Vancouver Island , Canada
Boat: Lancer 44 Motorsailer
Posts: 1,757
Images: 32
It's all about liability not about what your boat is worth. You would not be allowed in most marinas in our area with only 300k. 2 million is standard.
__________________
The basis of accomplishment is in never quitting
Mengzi Meng-tse
Lancerbye is online now   Reply With Quote
Reply

Tags
Guam

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
Sailing to Guam coralpolyp Meets & Greets 12 22-06-2013 02:08
Hello from Guam oceaneddy Meets & Greets 19 19-10-2010 22:02
Guam and Back ShadowRWolf Sailor Logs & Cruising Plans 13 29-09-2010 20:47
Guam ? Boomp General Sailing Forum 11 28-07-2010 16:16



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 17:51.


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.