mattkab
Senior Member
But what the O.P. did was get $700 worth of tow for his 11 years at $200 a year coverage. It is one of those times when the insurance was not worth the cost... I would rather pay the $ 700 bucks vs. having paid the $ 2200.
Very true in this case. But I was only 3nm from my home port and they charge by the hour ($275/hr it looked like on the form, but that may have been a membership rate too?). If I was fishing at the other "local" spot, it's a 10nm run, and a bigger bill.
It's all risk analysis, and depending on where and how you boat, you may or may not find towing insurance worthwhile. I'd never used it before, but after this event I think I'll keep it. YMMV and reasonable minds may disagree.