Looking at wether to insure or not. Building a new
catamaran cost 1 mil usd.
Shall I insure it?
I don’t insure anything except my house for burning down. Everything else I take the risk and it’s saved me a lot of
money over the years.
They rely on people’s fear factor and profit from it, sometimes you just have to back yourself.
I’ll get some quotes and weigh it up. Happy to third party ins as I understand lots of
marinas won’t let me in otherwise.
What has
insurance cost you guys compared to the value of your
boat?