"NOYB" wrote in message
.net...
It's insurance! Or lack thereof. In Florida, it is now impossible to
insure a boat over 30' long valued at more than $100,000 if the boat:

a) doesn't have a trailer

and/or

b) is more than 5 model years old (2001 and older are uninsurable if
they're over 30 feet and valued at more than $100,000)


I just applied for quotes from NBOA, Boater's Choice, Progressive, and 2
or three others. All said the same thing: no dice.

Progressive was willing to write my boat for $100,000 coverage (it's
valued at $113k though) to the tune of $4500/year.

I'm with Boat/US, and insured for $113,000 for just under $3000/year. I
was looking to save some money, and it's apparent that that isn't going to
happen.


Read this thread on thehulltruth.com to understand how bad it is in
Florida now:

http://www.thehulltruth.com/forums/t...114956&start=1


Guys cannot get financing on boats because they can't insure them.





Your house insurance is next.

And I would think all those high dollar houses near and on the water are
going to take a beating on their market value because of these things
related to insurance and insurability.

" JimH" not telling you @ pffftt.com wrote in message
. ..

"NOYB" wrote in message
.net...
It's insurance! Or lack thereof. In Florida, it is now impossible to
insure a boat over 30' long valued at more than $100,000 if the boat:

a) doesn't have a trailer

and/or

b) is more than 5 model years old (2001 and older are uninsurable if
they're over 30 feet and valued at more than $100,000)


I just applied for quotes from NBOA, Boater's Choice, Progressive, and 2
or three others. All said the same thing: no dice.

Progressive was willing to write my boat for $100,000 coverage (it's
valued at $113k though) to the tune of $4500/year.

I'm with Boat/US, and insured for $113,000 for just under $3000/year. I
was looking to save some money, and it's apparent that that isn't going
to happen.


Read this thread on thehulltruth.com to understand how bad it is in
Florida now:

http://www.thehulltruth.com/forums/t...114956&start=1


Guys cannot get financing on boats because they can't insure them.





Your house insurance is next.

And I would think all those high dollar houses near and on the water are
going to take a beating on their market value because of these things
related to insurance and insurability.


Could be. Of course, for 40 years down here in Naples, there hasn't been a
problem. Two bad years, and the insurance industry panics and starts raping
folks. Perhaps they should have been saving the money they collected on
those high premiums for a rainy day.

"NOYB" wrote in message
.net...


Could be. Of course, for 40 years down here in Naples, there hasn't been
a problem. Two bad years, and the insurance industry panics and starts
raping folks. Perhaps they should have been saving the money they
collected on those high premiums for a rainy day.


Florida is a big state. I remember reading that the area in which we had
property (Jupiter) had not had a direct hurricane hit in over 100 years at
the time we bought.
Three years following our purchase, we got direct or near direct hits three
times.

Statistically, we have as high or higher probability of getting a hurricane
up here in MA this year as Jupiter does.

Eisboch

Insure it for liability only and accept your own risks in this world.

-W

"NOYB" wrote in message
.net...
It's insurance! Or lack thereof. In Florida, it is now impossible to
insure a boat over 30' long valued at more than $100,000 if the boat:

a) doesn't have a trailer

and/or

b) is more than 5 model years old (2001 and older are uninsurable if
they're
over 30 feet and valued at more than $100,000)


I just applied for quotes from NBOA, Boater's Choice, Progressive, and 2
or
three others. All said the same thing: no dice.

Progressive was willing to write my boat for $100,000 coverage (it's
valued
at $113k though) to the tune of $4500/year.

I'm with Boat/US, and insured for $113,000 for just under $3000/year. I
was
looking to save some money, and it's apparent that that isn't going to
happen.


Read this thread on thehulltruth.com to understand how bad it is in
Florida
now:

http://www.thehulltruth.com/forums/t...114956&start=1


Guys cannot get financing on boats because they can't insure them.

"Clams Canino" wrote in message
hlink.net...
Insure it for liability only and accept your own risks in this world.


Can't. The bank requires insurance that covers the loan amount.

NOYB wrote:
"Clams Canino" wrote in message
hlink.net...
Insure it for liability only and accept your own risks in this world.


Can't. The bank requires insurance that covers the loan amount.

Pay cash.

basskisser wrote:
NOYB wrote:

"Clams Canino" wrote in message
rthlink.net...

Insure it for liability only and accept your own risks in this world.


Can't. The bank requires insurance that covers the loan amount.


Pay cash.



That right. Think small & pay cash.

"Don White" wrote in message
...

Think small

No thanks. Thinking small is for the unmotivated in life.

"basskisser" wrote in message
ups.com...

NOYB wrote:
"Clams Canino" wrote in message
hlink.net...
Insure it for liability only and accept your own risks in this world.


Can't. The bank requires insurance that covers the loan amount.

Pay cash.

I did for every boat I've owned up until now. I just didn't have 100 grand
laying around, but I could afford the payments.

I don't know too many guys in their mid-30's who have a house, boat, car,
etc. paid for in cash.

NOYB wrote:
"basskisser" wrote in message
ups.com...

NOYB wrote:
"Clams Canino" wrote in message
hlink.net...
Insure it for liability only and accept your own risks in this world.


Can't. The bank requires insurance that covers the loan amount.

Pay cash.

I did for every boat I've owned up until now. I just didn't have 100 grand
laying around, but I could afford the payments.

I don't know too many guys in their mid-30's who have a house, boat, car,
etc. paid for in cash.

I know many, many people who paid cash for their boats.