In article .com,
Keith wrote:

On Jun 5, 11:42 am, Molesworth wrote:
If you have anything over 30', is virtually impossible to obtain IME.

Molesworth

Funny, I just renewed the policy for my Krogen 42 in the Galveston Bay
area, with named storm insurance. Pricy, but easy to get. Shop around.

How old is your boat? Mine is 'over 10 years'...

Molesworth

1991 Ocean 48

$9500/year Up from $1500 in 2000, 3500 in 2002, 6500 in 2005

Cheaper to charter!!!!




Molesworth wrote:
In article .com,
Keith wrote:


On Jun 5, 11:42 am, Molesworth wrote:

If you have anything over 30', is virtually impossible to obtain IME.

Molesworth

Funny, I just renewed the policy for my Krogen 42 in the Galveston Bay
area, with named storm insurance. Pricy, but easy to get. Shop around.


How old is your boat? Mine is 'over 10 years'...

Molesworth

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.

"Don W" wrote in message
et...
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.



Holy wah! So if you just save the money, and invest it safely without
touching principle or interest, every 28 years you could just buy a brand
new boat. Probably more often than that, but I don't feel like doing the
math.