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Boat US Marine Insurance
In article ,
says...
jps wrote in message .. .
My boat policy is about to renew and I thought I'd do a little shopping
based on posts I've read about Boat US being a reasonable alternative.
Everything looked pretty much the same (including cost of coverage)
until I got to "uninsured boater" line. My present policy assumes
$50,000 and the Boat US is $300,000. I assume that if my vessel is a
total loss with someone else at fault, the max. payout with my present
policy is $50K (and the boat is worth significantly more).
I'm mystified why my broker would write the policy this way and
disappointed that I didn't see this previously.
Anyone have any insight? Is my broker shortsighted or what?
"Uninsured Boater" coverage does not cover your boat. The hull value
is covered by "Boat and Boating Equipment Coverage", which the Boat US
policy equivalent to Collision and Comprehensive on your car. Just
like if you're hit in your car by an uninsured driver - it's your
collision coverage that repairs your car, not your unisured motorist
coverage.
"Uninsured Boater" covers those damages for which the uninsured boater
may be liable to you, except your boat itself. It would cover, for
example, medical expenses for you if the uninsured other guy was at
fault in a collision.
Okay, I understand but the question remains. Why would my broker write
the policy for $50K "uninsured boater?" If someone were to get hurt,
$50K can get eaten up pretty fast...
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