I know that you don't want to "self-insure", but be careful with the math. Florida hull
coverage can be high or even not in effect with named storms. We found that over the last twenty years hull
coverage in Florida
had risen so much that we dropped it and kept liability only. All the policies we researched had premiums that were annually 8% of the market value of my 1973 boat
I would consider the age of the Pearson
and what you might "pocket" each year in saved hull coverage. Over a number of decades we've hidden in hurricane
holes an saved far more than our boat's value.
We do keep a full liability policy!