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Sat, June 15 2024, 15:17Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 123456[7]89 ]

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Date Posted: - Monday - 07/21/08 - 1:17am
Author: Tom Burke
Subject: Insurance
In reply to: john McHugh 's message, "Insurance ???" on - Saturday - 07/19/08 - 1:30pm

I recently obtained quotes and a policy on my M31. Both companies told me the same, if the agreed amount was 24k or less, they'd need no survey but if they did it for over 24k they would need a survey. I obtained one quote for the same firm that the seller from whom I bought the boat had his insurance, State Farm, and one from my own, Liberty Mutual. I have both car and home thru Liberty and ended up with Liberty Mutual. I did the agreed value at 24k.

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[> [> Insurance -- Doug Wilson, - Monday - 07/21/08 - 9:44am

The surveyor put replacement value on my boat at $90,000.
Then again, when I left California, my BoatUS insurance ended at Punta Banda.
The cost of insurance on a singlehander in Mexico would be astronamical, if I could get it.
So I have Mexican liability insurance only, required by marinas. No insurance on loss. A lot of cruisers are the same.

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