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"?

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"?

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/

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.

"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

..............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

"krj" wrote in message
...
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:

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.

I have thought it was because of a high theft rate or due the damage caused
by those @#$%$#@! Sea Rays passing you at 20 knots in narrow shallow
channels of the waterway. Once you cross the state line, the further you go
south, the more inconsiderate the power boaters are of sail boats. I also
have another horror story that happened right after the high bridge at St
Augustine for another time..

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