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Hi, I'm planning on buying a very inexpensive ~26 foot sail boat. I know
most marinas require some sort of insurance, right? How about transient anchorages, moorings, etc run by the county/state? The boat is so inexpensive that I wouldn't really care if it were a complete loss, so the only insurance I'd get would be that which is required. Is that liability insurance? Is there some sort of standard liability insurance or something else super cheap? Thanks! boats under 26 feet (actual) and 15 (?) hp usually are covered without additional fee under your homeowners/renters policy. if you home/rent and/or larger boat, many standard insurance companies (Allstate, for instance) will sell a liability only policy on boats. Most marine insurance agents don't want to even hear of libability only policies. Too little commission to be worth the effort. They tell such doesn't exist. |
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