Boat insurance in the Gulf States
Ed wrote:
1991 Ocean 48
$9500/year Up from $1500 in 2000, 3500 in 2002, 6500 in 2005
Cheaper to charter!!!!
Based on my insurance rate, and the agreed value
of my boat, I'd say that the insurance company
expects to lose 1 boat for each 28 they insure
each year.
Based on that and your $9500/year I'd make a WAG
that you have that '91 Ocean 48 insured for about
$260K. Is that close?
Don W.
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