Hmmm. An 83 foot boat that loses power in a Florida marina could incur
$500k in property damage in a microsecond.

Is an umbrella liability policy available with your homeowner's policy?


MarshallE wrote:
I am looking for insurance for my old big boat. (83 foot, 1940's, twin 220
hp diesel..etc.) The boat is located mid East coast USA.

Question- If I am interested in liability only coverage with 3 to $500,000
coverage...which companies should I speak to and what should I expect to
spend? Many marinas are requiring proof of at least liability so I am
guessing that others with older boats face the same challenges as I do. I
am hopeful that the more experienced have found good coverage at reasonable
prices.

Currently I am being quoted around $2,500 for liability only and hear tales
of others paying very little for the same type of liability only coverage.

Hull coverage quotes run an additional $4500 for around a $100,000 of hull
coverage with $10,000 deductible. (This was nearly impossible to locate due
to age and length.) Due to the cost I am considering dropping and
self-insuring the hull.

Thanks for your help and I hope these questions are not inappropriate for
this group.

No, I am told that my umbrella has limits based upon length and horsepower.
Yes, most any of the larger boats could cause damage. Smaller boats that
have power and lose steering could cause significant damage as well....but I
understand what you are saying. That type of damage does happen but is
infrequent....therefore I am guessing the risk is low. Thanks for the
ideas. What do others do or think?



"chuck" wrote in message
ink.net...
Hmmm. An 83 foot boat that loses power in a Florida marina could incur
$500k in property damage in a microsecond.

Is an umbrella liability policy available with your homeowner's policy?


MarshallE wrote:
I am looking for insurance for my old big boat. (83 foot, 1940's, twin
220
hp diesel..etc.) The boat is located mid East coast USA.

Question- If I am interested in liability only coverage with 3 to
$500,000
coverage...which companies should I speak to and what should I expect to
spend? Many marinas are requiring proof of at least liability so I am
guessing that others with older boats face the same challenges as I do.
I
am hopeful that the more experienced have found good coverage at
reasonable
prices.

Currently I am being quoted around $2,500 for liability only and hear
tales
of others paying very little for the same type of liability only
coverage.

Hull coverage quotes run an additional $4500 for around a $100,000 of
hull
coverage with $10,000 deductible. (This was nearly impossible to locate
due
to age and length.) Due to the cost I am considering dropping and
self-insuring the hull.

Thanks for your help and I hope these questions are not inappropriate
for
this group.