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?

On 11 Jul 2004 20:52:04 -0700, something compelled
(Parallax), to say:

How many ppl who really cruise have liability insurance
or insurance to cover the loss of their boat?

What's a "ppl"?

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.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's Pages: http://members.dca.net/jerelull/X-Main.html
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/

That would be you. A "people". (ppl)

--


Keith
__
If you turn the wheel towards shore, the houses get bigger. If you turn the
wheel away from shore, they get smaller. That is, unless you keep turning
the wheel, then they get bigger again.
"Steve Daniels" wrote in message
...
On 11 Jul 2004 20:52:04 -0700, something compelled
(Parallax), to say:

How many ppl who really cruise have liability insurance
or insurance to cover the loss of their boat?

What's a "ppl"?

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.

..............How many ppl who really cruise have liability insurance
or insurance to cover the loss of their boat?

We have it, but it is only good from Nova Scotia to Fernandina Beach, FL. We
had to get a rider to further into Florida headed for Key West.

Leanne

Velly Intresting, since almost all of the hurricanes to make landfall in
the last 10 years went ashore north of Fernandina beach.
krj

Leanne wrote:
.............How many ppl who really cruise have liability insurance

or insurance to cover the loss of their boat?


We have it, but it is only good from Nova Scotia to Fernandina Beach, FL. We
had to get a rider to further into Florida headed for Key West.

Leanne

Parallax wrote:

SO.............How many ppl who really cruise have liability insurance
or insurance to cover the loss of their boat?

Banks probably require insurance if you owe money on your boat.

tom
of the Swee****er Sea

"Jere Lull" wrote in message
...
snip

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

My homeowners insurrance was fine for my CL 14 since it covered the boat to
$ 2K.
I now have additional insurance (cost just over $ 100.00 annual) for my
Sandpiper 565 value between $ 5 & 6K

My boat is paid off and I have not had insurance for about five years.
I'd like to get liability insurance but none of the companies seem to
want to sell that without also covering the hull and collecting the
bigger premium.

I had insurance when I sailed in NY but was dropped when I got to
Florida. I was able to find a policy here with Progressive but they kept
referring to my boat as an automobile and tried to double the premium
after the first year. I tried to go to Boat/US but they wanted yet
another survey and a very high premium because I cruise in a
hurricane/windstorm area. Homeowners/flood insurance here is enough of a
hassle so that I've come to truly hate insurance companies.

That "South of Fernandina Beach" cruising area exclusion is interesting.
I've often wondered why Florida is excluded when North and South
Carolina are not. They get, by far, the lions share of hurricane hits
whereas my part of Florida (Tampa Bay) hasn't seen a direct hit since
1923. One agent told me that insurance companies wouldn't get away with
excluding the Carolina's and still be able to do business there. Florida
is apparently not so protective of its insurance consumers.

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?