Pete7, I carry liability-only insurance on my boat. Even now I think the risk/reward for full coverage for my current
situation (for the most part at dock
as I work
full time and only sail a couple times a month, in the middle of a restore so boat not a full value) isn't there. In a row of 9 boats on the dock
, mine was the smallest and pulled in closest to the dock, just bad luck that he was able to knock down a piling, miss all the expensive boats on the dock and hit me.
I'm a planner by nature so having to wait on a "decision" that is out of my control drives me crazy so it's good for me to get some feedback on what happens in the real world.
Baycruiser, This type of situation is exactly what insurance is intended for. Someone was specifically at fault (not an act of god), I was not in motion or even at the boat which was secured to a dock slip so I should be made good. I feel comfortable that I could make good on the repairs if I had too, but a professional > me.