In article ,
Dave wrote:

On Wed, 02 Nov 2005 02:27:46 GMT, Jere Lull said:

a
proper marine policy payment will be based upon the *agreed-upon* survey
value.

Either type of policy is "proper." It's a matter of whether he chose the
right kind of policy for his own needs.


Let's see.... He paid for twice what the insurance company would pay for
his boat. I pay on what my insurance will pay.

If I didn't care about the value the insurance company and I agreed was
the value and I didn't care about the EPA and salvage coverage that my
policy gives that a home&auto company would lack, and I didn't care that
a Admirality court would laugh my H&A attorney out of court, I might
consider the H&A's policy proper.

Personally, the costs of either were on the same order of magnitude. I
chose improved coverage for specifically nautical issues not offered by
the H&A insurer.

Our boat is getting old enough that I'm considering other options, but
when I compare the list of specific nautical items (EPA cleanup being
the big one) that the H&A policy can't cover, I still go with BOAT/U.S.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's Pages: http://members.dca.net/jerelull/X-Main.html
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/