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posted to rec.boats
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Marine Insurance Business Use Exclusion
wrote:
Fog Dog wrote:
As it turns out there a Many insurance providers that do not share the
same harsh definition of Business Use as Boat U.S. so... problem is
resolved now.
Thanks for the responses.
Congratulations.
And good luck.
Very good luck, indeed.
Chuck,
He should only have a problem if he needs to file a very large claim.
If he doesn't have an accident, or if the claim is minor he will not
have any problems.
I would hate to think what the insurance company would do if someone was
hurt and won a million dollar settlement. My guess is the Insurance
would be reviewing the situation very closely to see if the "business
use/charter" as defined by the Coast Guard, without a 6 pack license
would make the insurance policy null and void.
The odds are in his favor that he will not need to file insurance, so
what's the big deal. Heck, now that I think about it, I have had my car
insurance for over 35 yrs, and have never filed a claim, and the only
claim I have filed on my boat was due to hurricane damage, so I really
don't need car insurance, and I can only keep my boat insured during
hurricane season. Damn, I have never filed against my homeowners, so I
just saved some more money there.
Yeah, that's the ticket, I can save one hell of lot of money that way.
--
Reggie
That's my story and I am sticking to it.
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