"NOYB" wrote in message
.net...
It's insurance! Or lack thereof. In Florida, it is now impossible to
insure a boat over 30' long valued at more than $100,000 if the boat:
a) doesn't have a trailer
and/or
b) is more than 5 model years old (2001 and older are uninsurable if
they're over 30 feet and valued at more than $100,000)
I just applied for quotes from NBOA, Boater's Choice, Progressive, and 2
or three others. All said the same thing: no dice.
Progressive was willing to write my boat for $100,000 coverage (it's
valued at $113k though) to the tune of $4500/year.
I'm with Boat/US, and insured for $113,000 for just under $3000/year. I
was looking to save some money, and it's apparent that that isn't going to
happen.
Read this thread on thehulltruth.com to understand how bad it is in
Florida now:
http://www.thehulltruth.com/forums/t...114956&start=1
Guys cannot get financing on boats because they can't insure them.
Your house insurance is next.
And I would think all those high dollar houses near and on the water are
going to take a beating on their market value because of these things
related to insurance and insurability.