rslifkin
Guru
- Joined
- Aug 20, 2019
- Messages
- 7,982
- Location
- Rochester, NY
- Vessel Name
- Hour Glass
- Vessel Make
- Chris Craft 381 Catalina
Just wondering why are you guys need comprehensive ,what you get is your business of course, if you want it you should get it of course but I’m just wondering exactly what worries you ,around here they require 300,000 liability at the port or most of the marinas, in case your boat sinks or you have a fuel spill but other than that I don’t know. I got off the insurance gravy train a few years back after closing down my business, I don’t miss paying insurance $5 million hazmat coverage had to have it.I knew some Russian immigrants and I would ask them what’s it like doing business here compared to Russia and they would chuckle and say in Russia you pay the government ,hear you pay the insurance company.I know a metal fab guy here ,quite a bit of his work is replacing fuel tanks ,insurance company requirements for the commercial fishing guys
It all depends on the value of the boat vs money in the bank vs cost of insurance as far as whether liability only vs hull coverage makes sense.