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Jere Lull wrote in message ...
In article ,
(Parallax) wrote:

JAX's comment about insurance in my thread about lightning strike
probability got me wondering. Most of the real sailors I know are ppl
with few material posessions other than their boats and maybe an old
trailer-home in the woods. These ppl do far more sailing than the
indebted ppl with expensive boats in marinas. Many of these ppl I
know have told me they simply do not carry marine insurance OF ANY
KIND. They rely on homeowners insurance to protect their homes which
are generally of low value anyway. They might get sued for a million
dollars but if their total net worth is less than $100,000, homeowners
insurance is fairly cheap. They can also file bankruptcy and in FL
your primary residence is protected in such suits.
Being a semi-responsible person with kids and a business, I do have
insurance but at $360/yr, its not exactly a burden.
SO.............How many ppl who really cruise have liability insurance
or insurance to cover the loss of their boat?

Sorry, I've been sailing. If there's a later responsible response, I'm
sorry....

Most cruisers I know have some insurance.

Almost none of the sailors with more than dinghies rely on homeowners's
insurance. Homeowner's generally fails after about 14' LOA.

And I know a few cruisers, most of which have a bit more than $100k of
assets -- or they wouldn't be cruising. They usually have at least
liability insurance.

In most marinas you have to have liability insurance, at least all
marinas in the San Francisco area require it. Liability insurance is
fairly chap.

Full insurance is very expensive and a lot of people don't have it. I
don't. If I am stupid enough to wreck my boat and loose it than that
is too bad for me. However I realize that there are some people out
there who sink most of their savings into a boat and really can't
afford to loose it. Then Full insurance amy be a good idea.