" 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.