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Boat US Marine Insurance
"jps" wrote in message ... In article , says... jps wrote in message .. . My boat policy is about to renew and I thought I'd do a little shopping based on posts I've read about Boat US being a reasonable alternative. Everything looked pretty much the same (including cost of coverage) until I got to "uninsured boater" line. My present policy assumes $50,000 and the Boat US is $300,000. I assume that if my vessel is a total loss with someone else at fault, the max. payout with my present policy is $50K (and the boat is worth significantly more). I'm mystified why my broker would write the policy this way and disappointed that I didn't see this previously. Anyone have any insight? Is my broker shortsighted or what? "Uninsured Boater" coverage does not cover your boat. The hull value is covered by "Boat and Boating Equipment Coverage", which the Boat US policy equivalent to Collision and Comprehensive on your car. Just like if you're hit in your car by an uninsured driver - it's your collision coverage that repairs your car, not your unisured motorist coverage. "Uninsured Boater" covers those damages for which the uninsured boater may be liable to you, except your boat itself. It would cover, for example, medical expenses for you if the uninsured other guy was at fault in a collision. Okay, I understand but the question remains. Why would my broker write the policy for $50K "uninsured boater?" If someone were to get hurt, $50K can get eaten up pretty fast... Then your liability insurance kicks in. If someone other than the insured is injured on your boat, it is your liability that works. If you are injured by an uninsured boater / motorist then the uninsured motorist part will pay the deductibles, etc from your health policies. And boat / car damages upto the limits. |
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