It's not fuel prices that's going to kill the boat market
Harry Krause wrote:
NOYB wrote:
"Shortwave Sportfishing" wrote in message
...
On Wed, 23 Aug 2006 20:26:02 GMT, "NOYB" wrote:
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)
Hmmmm. So here's a scenario for you.
I have a custom made trailer for my Contender which is used to haul
the boat twice a season for a wash and wax. It also doubles as a
winter storage trailer - just put it on, park it and shrink wrap.
The only problem is if I wanted to take it from the yard, I would need
a special permit because it's over-width for the highway. So I
couldn't just pick it up and move it away from the coast if a storm
approached or whatever.
If that boat was a, say 2000, would it be covered?
No. A 2000 wouldn't be covered unless it was valued under $100,000. A 2002
would be covered, but the premium for a $100,000 boat is nearly $5000/year.
I have no place to store a trailer unless I'm willing to pay $150/month
storage fee. Even if I pulled the boat, where would I put it? And I'd need
something that could tow upwards of 12,000 lbs that is 10'6" wide.
No room on the lot of that million dollar house to stash a boat trailer?
Incredible.
Bwaaahaa!! He got hosed in the housing bubble. Along with an interest
only loan!
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