Recently, I asked a BoatUS underwriter why living aboard
does not reduce my premium. I reasoned that since I am on the boat
much more, I would be aware of and correct threats to the vessel more readily. However, I was informed that living aboard
does not result in premium reduction because full-time occupancy causes increased wear and tear! Seems ridiculous to me because insurance doesn't reimburse you for wear and tear anyway, only loss. Somebody please explain.