[Rhodes22-list] Boat Insurance Question

[Peter Thorn]

About a year ago I was surprized to learn that Boat US coverage seemed both
expensive and quite restrictive compared to the ACV policy offered by Erie
Insurance, which handles all my business and personal policies.  So, I
bought the Erie boat policy.  Better coverage, less cost -- no brainer.

We do have a Boat US on the water and highway towing policy (trailering
club).  Last year bought a "limited" policy, but when my cruising buddy ran
aground outside Silver Lake, the Hatteras Boat US outfit quoted $2,000 to
pull him off  (most was travel time from Hatteras).  As a consequence, this
year all four in my trailer/sailor group who went on that trip purchased
"unlimited" policies for just $50 more.

The highway trailering part of that trailering club policy has always paid
for itself.  It will (and has paid for) a wrecker to get off a sand covered
(slippery) ramp.

PT

----- Original Message ----- 
From: "Richard Smith" <sailnut at att.net>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Tuesday, April 04, 2006 1:33 PM
Subject: Re: [Rhodes22-list] Boat Insurance Question


> Boat US is basing their coverage  on the "Blue Book" value of the boat.
> They don't recognize that yours is factory recycled and worth more.
General
> Boat's is unique in making the market for their product.  Just about
> everything else floats in a buyer/seller environment.
>
> That said, for a Rhodes-22 it's best to go to a licensed carrier like
State
> Farm and get stated amount or ACV coverage.
>
> I do urge you to obtain adequate towing coverage.  If you become disabled
or
> stranded on the hard the fee's imposed by any of the private towing
> operations will amaze you.  Also once rescued they may end up claiming
your
> boat as salvage!  It's eventualities like these which make insurance
> mandatory!
>
> Richard Smith
>
> __________________________________________________
> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list